Blog

Field notes on arbitrage and market structure.

Short, practical essays on cross-venue price gaps, value betting, live sports latency, and no-vig fair value. Written for builders who want the mechanics, not marketing language.

Sports Arbitrage in Prediction Markets

Sports markets move quickly, but the core discipline stays the same: match the exact contract, confirm the executable prices, and size only where the combined payout math works.

Value Betting Is Not the Same as Arbitrage

A value bet can still lose. An arbitrage construction is different: it is built around mutually covering positions and a positive payout spread after costs.

Why Live Arbitrage Depends on Latency

A live gap can be real for a few seconds and gone before both legs fill. Data freshness, order-book depth, and venue delay decide whether the alert is actionable.

No-Vig Fair Value for Prediction Markets

Before comparing prices, remove the market's embedded margin and translate each side into a cleaner fair-value estimate.