How does the toss market work?
You pick one of the two captains to win the coin toss. Most sites open the market a day or two before the game and close it a few minutes before the toss. Because the coin has no favourite, both sides are priced almost the same.
- If both sides are 1.90, the implied chances add up to 105%. The extra 5% is the bookmaker's margin.
- At 1.90 you need to be right 52.6% of the time just to break even. No one can call a coin that often.
- Most sites don't offer cash out on the toss, because the market settles too fast.