~/the_codex · 12 entries

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Vig

Sportsbook commission embedded in the overround.

Win probability encoded in a price before vig removal.

Vig-stripped probability, the book's actual estimate.

Edge measured against the closing line, the best public signal.

Optimal stake fraction given edge and odds.

Rapid coordinated line movement across multiple books.

A bettor who consistently beats the closing line.

Betting both sides at different books to lock in profit.

Combined bet where all legs must win.

When legs of a multi-bet are statistically related.

Capital dedicated to wagering.

Expected return per unit risked.