Model Train arc 1 (engine): de-vig + EV + takeable/value gates + hero v2 + triplet
Steps 1-6 — make "real opportunities at takeable prices" the engine, not a filter. 1. DE-VIG (src/utils/devig.js): two-way multiplicative de-vig strips the vig and returns fair prob + fair price per side + the overround. One side missing → fair UNAVAILABLE (null), never faked. Method noted in code + the `devig_method` field. 2. EV (devig.evPct): ev_pct = model prob × decimal − 1 at the graded side's ACTUAL price. This is the ranking signal now, replacing raw |model−consensus|. 3. TAKEABLE gate (src/config/valueEngine.js, TAKEABLE_ODDS_CEILING −160 .. +200, env-tunable): promoted surfaces only (hero/featured/alerts). The full board still shows everything; Parlay Lab exempt; JUICE_ODDS_FLOOR (−400) stays the absolute backstop underneath. Strict null-guard (Number(null)===0 would have made a missing price "takeable"). 4. VALUE flag: passes BOTH gates (takeable AND ev_pct ≥ VALUE_EV_THRESHOLD). Grade = read quality; value = the price pays you. Shipped in payloads. 5. HERO v2 (heroPropService): highest ev_pct among takeable A/B reads — a huge gap on a −900 line is trivia, not an opportunity. 6. VALUE TRIPLET: book_odds · fair_odds · model_odds on every read (snapshot, hero, scan — they all spread the grade). Handoff documents the fields; the rendering is Session-2 Design's job. All wired in analyzeViaEngine1's existing p_win/kelly block (real quantile probability × real book odds, or nothing). 33 new tests; suite 276/3306 green. Co-Authored-By: Claude Opus 4.8 (1M context) <noreply@anthropic.com>
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'use strict';
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/**
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* De-vig engine (Model Train, step 1) — the foundation for EV + value.
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*
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* A two-sided prop price carries the book's vig (the "overround"): the two
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* sides' implied probabilities sum to MORE than 1. De-vigging strips that back
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* out to FAIR probabilities that sum to 1, and converts them back to a fair
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* (vig-free) price per side.
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*
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* METHOD: multiplicative / proportional de-vig — each side's implied prob is
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* divided by the total. It's the standard, distribution-free two-way method
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* (a.k.a. "normalized implied probability"). Simple, transparent, and correct
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* for two-way markets; we note it in the stored `method` field.
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*
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* If only one side is priced, fair values are UNAVAILABLE (null) — never faked.
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*/
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const round3 = (n) => Math.round(n * 1000) / 1000;
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/** American odds → implied probability (WITH the vig). Null on bad input. */
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function americanToImpliedProb(american) {
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const a = Number(american);
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if (!Number.isFinite(a) || a === 0) return null;
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return a > 0 ? 100 / (a + 100) : (-a) / ((-a) + 100);
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}
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/** American odds → decimal odds (total return multiple incl. stake). */
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function americanToDecimal(american) {
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const a = Number(american);
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if (!Number.isFinite(a) || a === 0) return null;
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return a > 0 ? 1 + a / 100 : 1 + 100 / (-a);
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}
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/** Probability → fair American odds. Null outside (0,1). */
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function impliedProbToAmerican(p) {
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if (!Number.isFinite(p) || p <= 0 || p >= 1) return null;
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// Even money (50%) is +100 by convention → favorites (p > .5) go negative.
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return p > 0.5 ? -Math.round((p / (1 - p)) * 100) : Math.round(((1 - p) / p) * 100);
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}
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/**
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* Two-way de-vig. Given BOTH sides' American odds, return fair prob + fair price
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* per side plus the overround. Null when a side's odds are missing/invalid —
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* the caller marks fair as unavailable rather than inventing it.
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*/
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function devigTwoWay(overOdds, underOdds) {
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const po = americanToImpliedProb(overOdds);
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const pu = americanToImpliedProb(underOdds);
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if (po == null || pu == null) return null;
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const sum = po + pu; // > 1 by the vig
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if (!(sum > 0)) return null;
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const fairOver = po / sum;
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const fairUnder = pu / sum;
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return {
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method: 'multiplicative',
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overround: round3(sum - 1),
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over: { fair_prob: round3(fairOver), fair_odds: impliedProbToAmerican(fairOver) },
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under: { fair_prob: round3(fairUnder), fair_odds: impliedProbToAmerican(fairUnder) },
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};
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}
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/**
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* Expected value (%) of staking one unit on `american` when the model gives the
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* side probability `modelProb`. EV per unit = p·decimal − 1. Positive = the bet
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* is +EV at the price you'd actually pay (the vig is already baked into the
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* actual price, so this is the true "does it pay you" measure). Null on bad input.
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*/
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function evPct(modelProb, american) {
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const dec = americanToDecimal(american);
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if (!Number.isFinite(modelProb) || modelProb <= 0 || dec == null) return null;
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return Math.round((modelProb * dec - 1) * 1000) / 10; // one decimal place
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}
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module.exports = {
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americanToImpliedProb,
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americanToDecimal,
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impliedProbToAmerican,
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devigTwoWay,
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evPct,
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};
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