Cardinals @ Cubs
Pricing the Cardinals side — Kalshi contract vs. the devigged sportsbook consensus.
Kalshi ask
44¢
Fair line
45.8¢
Edge
+1.8¢
Book by book
9 books · Cardinals to winEach bar = that book's price with the vig removed · median across books = the fair line
What an edge is worth
worked example · Cardinals · Cardinals @ CubsKalshi asks 44¢ for a contract the devigged consensus prices at 45.8¢. Pick a position size:
Position
568 contracts
If it hits / if it misses
+$310 / −$250
Expected value per trade
+$2
That's the honest shape of edge trading: no single bet is a lottery ticket — a repeatable few-percent advantage, compounded over volume, is the entire game. The terminal's job is finding you that advantage before it closes.
Expected value ≠ guaranteed outcome · fees approximated · variance is real · not betting advice
Cardinals is priced at 45.8% to win by the devigged consensus, while the Kalshi YES contract asks 44¢ — a +1.8¢ gap per contract before fees. Prices move fast — verify at the venue before trading.