Form Degen

Tissue desk

Card

…

Paper P&L

—

ROI

—

Settled / pending

0 / 0

CLV

No BSP yet

Cal gate

n=0 / 50

Opening the book…

Edge pp = tissue_p − implied_p · EV = tissue_p×(odds−1)−(1−tissue_p) · EV% = (tissue_p×odds−1)×100 · Paper P&L from stake_pct · Calibration gates ≥50 overall, ≥30 / bucket