If the bookmakers who run sports betting operations were to set fair odds, so that both the house and those placing bets had expected values of zero, then the probabilities for all of the players should sum to 1, but they don't.Do they sum to a higher or lower value, and why?

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The Answer of If the bookmakers who run sports betting operations were to set fair odds, so that both the house and those placing bets had expected values of zero, then the probabilities for all of the players should sum to 1, but they don't.Do they sum to a higher or lower value, and why?

If the Bookmakers Who Run Sports Betting Operations Were to Set