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@rajivatbarnard Maybe that’s a place I remain confused. I thought I could e.g., buy $850 each of NoPence and NoHarris at 98¢ a total of $1700 (because my max possible loss is $850). Assuming neither wins, I’ve got $1700×(1/0.98) ⇒ same rate of return as if I’d only bought one candidate’s No’s.