Zac Blair over Lucas Glover

• The raw disagreement is +11.7 pts: our 62.7% against the market’s 51.0% with the juice removed
• The edge survives the blend into the market: -2.3% expected value a unit at -109
• It did not clear the stake floor after doubt: published as a No Play, graded, never staked

A big raw disagreement is not automatically a bet. The market gets a vote: after our number is blended into the devigged consensus and charged for doubt, what is left has to carry a full unit. Here it did not, so the pick published as a No Play and is graded for calibration only.

A measured disagreement, sized to the doubt.

revision 4, rank 4 of 1152 priced sides this week; price is best of 3 books

The read as sealed, written before the gun and never edited after.

• The market holds the other side at 49.0%; we are the disagreement, not the consensus
• Break-even at -109 is 52.2%; our cushion past it is +10.6 pts
• It settles over the full tournament; a missed cut ends it early and variance runs all four days

Edges this size lose often. The record, not any one pick, is the product.