firstly, what is the practical difference to a book maker between a market % that is less than 100% and one that is larger than 100% ?(adsbygoogle = window.adsbygoogle || []).push({});

secondly:

if i have the following prices on teams A,B,C and D:

A 1.70

B 3.00

C 8.50

D. 16.00

then are the gambling odds expressed as :

A -> "7 to 10"

B -> "2 to 7"

C -> "15 to 2"

D -> "15 to 1"

And subjective probability that team "B" wins is about 30.3%?

??

Thnx.

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# Some gambling stuff

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