Falcons @ Steelers
Pricing the Steelers side — Kalshi contract vs. the devigged sportsbook consensus.
Kalshi ask
62¢
Fair line
58.8¢
Edge
-3.2¢
Book by book
9 books · Steelers to winEach bar = that book's price with the vig removed · median across books = the fair line
What an edge is worth
worked example · Steelers · Falcons @ SteelersKalshi asks 62¢ for a contract the devigged consensus prices at 58.8¢. Pick a position size:
Position
403 contracts
If it hits / if it misses
+$147 / −$250
Expected value per trade
−$19
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
Steelers is priced at 58.8% to win by the devigged consensus, while the Kalshi YES contract asks 62¢ — a -3.2¢ gap per contract before fees. Prices move fast — verify at the venue before trading.