[HTML][HTML] Betting market efficiency and prediction in binary choice models
RH Koning, R Zijm - Annals of Operations Research, 2023 - Springer
Implied winning probabilities are usually derived from betting odds by the normalization:
inverse odds are divided by the booksum (sum of the inverse odds) to ensure that the …
inverse odds are divided by the booksum (sum of the inverse odds) to ensure that the …