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MLBThu, Jul 16 · 11:11 PM

Mets @ Phillies

Pricing the Phillies side, Kalshi contract vs. the devigged sportsbook consensus.

Kalshi ask

57¢

Fair line

54.9¢

Edge

-2.1¢

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What an edge is worth

worked example · Phillies · Mets @ Phillies

Kalshi asks 57¢ for a contract the devigged consensus prices at 54.9¢. Drag to size your position:

$1,5752,763 contracts
$100$25k

If it hits

+$1,147

If it misses

−$1,575

Expected value

−$99

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

Executable edge

What this is actually worth once you account for order-book depth.

+3.8¢

headline

+1.5¢

at size

57.3¢

avg fill

1.3¢

slippage

2,400

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See what any edge is really worth at size, net of order-book depth. Size your position, see your true fill.

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Phillies is priced at 54.9% to win by the devigged consensus, while the Kalshi YES contract asks 57¢, a -2.1¢ gap per contract before fees. Prices move fast, verify at the venue before trading.