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Two dominant paths exist today:
  1. Traditional sportsbooks embed a spread (the “vig”) in every line. Pricing is tilted in the operator’s favor.
  2. Orderbooks fragment liquidity across price ticks; takers must cross the spread and face thin depth, fewer markets, and no parlays/props.
SportTokenExchange removes the operator spread and aggregates liquidity in a single pool so takers receive fair, instant fills.

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