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MLSWed, Jul 22 · 11:30 PM

New York Red Bulls @ Philadelphia Union

Pricing the Philadelphia Union side, Kalshi contract vs. the devigged sportsbook consensus.

Kalshi ask

55¢

Fair line

53.8¢

Edge

-1.2¢

Market volume

$12.1K

20,796 contracts at best ask

Volume is notional at settlement. Thin markets move on small orders, so size accordingly.

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What an edge is worth

worked example · Philadelphia Union · New York Red Bulls @ Philadelphia Union

Kalshi asks 55¢ for a contract the devigged consensus prices at 53.8¢. Drag to size your position:

$1,5752,863 contracts
$100$25k

If it hits

+$1,245

If it misses

−$1,575

Expected value

−$77

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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Philadelphia Union is priced at 53.8% to win by the devigged consensus, while the Kalshi YES contract asks 55¢, a -1.2¢ gap per contract before fees. Prices move fast, verify at the venue before trading.