Odds and Probability
Why a parlay is less likely than it feels
A parlay pays only if every leg hits. Independent chances multiply downward, and the posted price rarely pays that product back.
Tag
margin
2 posts tagged "margin".
Odds and Probability
Implied probability and the bookmaker margin
Convert prices into implied probabilities, see why they add up to more than 100%, and learn how to strip the margin out to get a fairer estimate.