Overround (Margin)
The bookmaker's built-in profit margin, found by summing the implied probabilities of all outcomes in a market above 100%. The amount above 100% is the overround, and lower margins mean better value for the bettor.
The bookmaker's built-in profit margin, found by summing the implied probabilities of all outcomes in a market above 100%. The amount above 100% is the overround, and lower margins mean better value for the bettor.
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