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Pricing a Football Match · From one distribution to every market

One grid, every market

lesson 4 of 625 minnot yet done

Once you have P(x, y) for every scoreline, every market is a sum:

  • Match odds: home = Σ P(x, y) over x > y; draw over x = y; away over x < y.
  • Totals: over 2.5 = Σ over x + y ≥ 3.
  • Asian handicap −1: home covers over x − y > 1, pushes at x − y = 1.
  • Both teams to score: Σ over x ≥ 1 and y ≥ 1.
  • Correct score: the cell itself.

Because they all come from one distribution they can never contradict each other. A book built market by market can: an over 2.5 price that implies more goals than the correct-score prices allow. The platform checks this with the Skellam law, the exact distribution of the goal difference, and the largest disagreement it finds is 4 × 10⁻¹¹.

Adding the margin

A fair price is 1 / p. A quoted price is a fair price with a margin: multiply every probability by (1 + m) and invert. The Predict page's margin control does exactly that, and the Every Market tab shows the fair and quoted price side by side.

Every market is a sum over the same grid, so the book cannot contradict itself0%20%40%60%probabilityHome45.9% · fair 2.18Draw26.4% · fair 3.78Away27.6% · fair 3.62Over 2.550.6% · fair 1.97Under 2.549.4% · fair 2.03BTTS yes54.4% · fair 1.84BTTS no45.6% · fair 2.19Home −1 covers23.6% · fair 4.23Home −1 pushes22.3% · fair 4.48Correct score 1-112.6% · fair 7.95Correct score 2-19.3% · fair 10.77
Eleven markets, one distribution. Nothing here can disagree with anything else, because every bar is a different sum over the same forty-nine cells.
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3 questions

explained after each answer