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OT: Is Denver really the better Superbowl bet?

Posted By: Sam Pottle
Date: Wednesday, 4 January 2012, at 4:52 p.m.

In Response To: OT: Is Denver really the better Superbowl bet? (leobueno)

In that case the expected return should be $2.00 * .50 = $1.00, not $1.00 * .50 = $0.50.

More generally, if you're using the odds to compute an implied win probability, and then combining that probability with the odds, the result should be the same for each team, namely that you break exactly even. Otherwise you've done something wrong.

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