Hi

Can someone please show me exactly how the edge is calculated?

Hi

Can someone please show me exactly how the edge is calculated?

Iâ€™m sorry that probably nobody can, or will, share how a proprietary software calculates the true edge.

But it goes something like this : the current odds divided by the â€śtrueâ€ť odds"

So as an example 2.05 over 2.00 gives 1,025 which is 2.5% edge.

The difficult part is the â€śtrue oddsâ€ť which can contain market bias, sudden changes , new information, prediction models and various sharp bookmaker odds and narrowing of the wig.

True odds only reflect probabilityâ€¦ odds of 2.00 will still lose half of the time (and win half of the time).

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Thanks for your post.

Generally speaking if we are talking 1 hour before a game starts, if a soft bookmaker was offering a 1-2% arbitrage against pinnical, from what experienced with the software, this equates to 5-6% edge on â€śmostâ€ť markets

When I say most markets like nba I have a 1% arb and itâ€™s only 4.5% edge on the software

Honestly I do not understand your question.

Would you agree that a 1-2% arb odd on a soft vs pinnical would equate to a 4-6% arb on most markets?

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I neither agree or disagree. I have not put any thought into it. However I do not think that the Arb always only only comes from the soft bookmakerâ€¦