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Devig calculator

Remove the bookmaker margin from two-way or three-way markets. Compare multiplicative, additive, power and Shin fair odds, plus the highest fair odds of the four.

Market odds

Decimal odds. Calculations run entirely in your browser; no data is saved.

Fair odds by method

Bookmaker margin5.263%
MethodOutcome 1Outcome 2
Multiplicative2.00002.0000
Additive2.00002.0000
Power2.00002.0000
Shin2.00002.0000
Worst case2.00002.0000

How fair odds are calculated

Multiplicative normalizes implied probabilities by their sum. Additive removes the same margin from each outcome. Power finds k so that the sum of implied probabilities raised to k equals 1. Shin solves the standard insider-trading model for z so fair probabilities sum to 1.

Worst case takes the highest fair odds for each outcome across all four methods. This conservative envelope is not a normalized market. Shin is unavailable for underrounds; additive can be invalid for extreme odds. When a method is invalid, the calculator does not invent a result.

These tools provide mathematical estimates, not financial advice or betting recommendations.

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