Implied probability
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#1 by chilli on 22 Dec 2017
Morning all
I'm looking to add a condition to a trigger that calculates the difference in implied probability between the favourite and 2nd favourite. ie I want the trigger to fire only if the favourite has an implied probability of greater than 10% over the 2nd favourite.
Any help appreciated
chilli
#2 by MarkV on 22 Dec 2017
Hi
Try:
selection: favourite
condition: selections trigger expression (1/r_1_back_price)*100 is greater than ((1/r_2_back_price)*100)*1.10
note: for this to be accurate you will need to ensure the market's back book % is close to 100%
MarkV
#3 by chilli on 26 Dec 2017
thanks for that. Much appreciated
chilli
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