The real friction isn't just the house cut; it's the latency between centralized books and decentralized liquidity. Sharps aren't just smarter; they're faster. Most "organic" volume gets eaten by bots arb-ing the spread between Poly, Kalshi, and offshore sportsbooks the second a headline hits. I’ve been running a cross-book arb alert tool to track these inefficiencies. If you aren't monitoring the delta across venues, you’re essentially paying a hidden tax to the guys with better API access. Edge is a function of infrastructure, not just conviction.
