Glossary
No-Vig Probability
Definition of a margin-removed probability estimate derived from sportsbook prices.
Quick answer
A no-vig probability is an estimate produced after removing the sportsbook’s displayed market margin using a stated normalization method.
Proportional method
Divide each raw implied probability by the sum of all raw implied probabilities.
Not objective truth
The output depends on the removal model and the sportsbook’s initial prices.
Use
No-vig estimates help compare prices and create a common probability baseline.
Related reading
Responsible gambling: Gambling involves financial risk. Never chase losses or gamble with money needed for essentials. Eligibility and legal age vary by jurisdiction.