Probability Curve
A continuous function mapping every possible line value to its fair probability, built from devigged odds at multiple lines.
Like a demand curve in economics -- the price changes at every quantity level, not just the one being sold.
Why it matters
Probability curves let you know the fair price at any line, not just the one a specific book is offering.
How DMP uses this
DMP builds probability curves from consensus devigged odds, then uses interpolation to find fair probability at each book's specific line.
Common mistake
Assuming the fair probability is the same at every line value -- probability changes continuously as the line moves.