Calculating/Comparing Edge

[Arimathea]

This has provoked some good discussion but I still don't know the answer!! :( I thought I'd post on this forum where there are lots of experts! Please see below and thanks in advance!... Here's a confusing one (for me at least!) Do you compare edge in terms of probabibility difference or difference in the odds? E.g. Scenario 1: We back player A at 1.5 knowing that his true odds are 1.01 (Giving us a 32% advantage in probabililit but only a 0.49 advantage in odds) Scenario 2: We back player B at 100 knowing his true odds are 50 )Giving us a 1% adavantage in probability but an advantage of 50 in odds. I would say Scenario 1 provides a greater edge but if you backed the same amount 100 times on both scenarios, Scenario 2 would be more profitable. Which has the greater edge?

[gloryhunters]

Re: Calculating/Comparing Edge Scenario 1 has the greater edge as if you bet 100 times on each you would win more through scenario 1. This is because it happens more frequently and so you have less losing bets to overcome.