Wholesale odds

Wholesale odds are the "real odds" or 100% probability of an event occurring. This 100% book is displayed without any bookmaker's profit margin, often referred to as a bookmaker's "overround" built in. The book price is effectively a measure of the competitiveness of the odds prices on offer.

A "wholesale odds" index is an index of all the prices in a probabilistic market operating at 100% competitiveness and displayed without any profit margin factored for market participants.

References

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