The group stage is over, the Round of 32 is set — and the model has changed its mind. ⚽️
When I ran the numbers before kickoff the model had a bold, market-contrarian opinion: 🇪🇸 Spain to win it at 35.3%, 🇦🇷 Argentina second at 23.0% and both dramatically underpriced by the bookies — Spain’s +19.3pp edge over Polymarket was the strongest disagreement between maths and money I’d ever put on this blog. I promised I’d come back on the other side of the trophy ceremony to find out whether the model deserved its confidence.
[Read More]


