Axén, Gustav; Cortis, Dominic - In: Risks : open access journal 8 (2020) 3/88, pp. 1-14
, as opposed to the direction in which the odds will move. This ignores strategies that try to buy low and sell high … bet after the market odds have changed and show that a profit can be made without explicitly speculating on the … properties when expressed in terms of the naive probabilities implied by the odds. …