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How likely are the Sixers to sign LeBron James?

Related Topics: LeBron James, Odds, Probability, Gambling, Sign

I did the math and these odds imply probabilities that add up to 130%; i.e. each of these events is, in the oddsmaker’s opinion, less likely than the odds imply, so that the bookies can expect to make a profit. They take in 130 for every 100 they pay out if the bets are perfectly spread among the possibilities in such a way as to eliminate the bookmaker’s risk.

Taking the odds above, computing implied probabilities from them, and reducing them by the vigorish suggests the Sixers are about 30% likely to land the King. But there’s reason to think the odds are considerably higher than that.