“Prediction markets beat sportsbooks because peer-to-peer exchanges slash the house edge from 12% to 3%”
Compares the traditional sportsbook house model with prediction market exchanges to explain why exchanges offer better odds. Uses data showing Betfair's ~3% overround versus bookmakers' ~12% to argue that peer-to-peer exchange models produce fairer pricing and welcome all winners, unlike sportsbooks that limit successful bettors.
No technical background needed
Platforms mentioned: Kalshi, Betfair