De-vig a three-way market (home / draw / away)
A soccer match is quoted at decimal odds: Home , Draw , Away .
What are the bookmaker's implied fair probabilities for each outcome, after removing the margin?
Show a hint
Convert each price to an implied probability, then deal with the fact that they sum to more than .
Your answer
This one is open-ended. Work it through, then check your reasoning against the full solution.