Cape Verde @ Argentina
Pricing the Cape Verde side — Kalshi contract vs. the devigged sportsbook consensus.
Kalshi ask
4¢
Fair line
4.6¢
Edge
+0.6¢
Book by book
8 books · Cape Verde to winEach bar = that book's price with the vig removed · median across books = the fair line
What an edge is worth
worked example · Cape Verde · Cape Verde @ ArgentinaKalshi asks 4¢ for a contract the devigged consensus prices at 4.6¢. Pick a position size:
Position
6,250 contracts
If it hits / if it misses
+$5,906 / −$250
Expected value per trade
−$56
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
Cape Verde is priced at 4.6% to win by the devigged consensus, while the Kalshi YES contract asks 4¢ — a +0.6¢ gap per contract before fees. Prices move fast — verify at the venue before trading.