Antecedent (if this happens)
KXPGATOUR-MAST26-PREE
Will Patrick Reed win the Masters Tournament?
Series: KXPGATOUR
Entity: Patrick Reed
Expiration: 2026-04-12T23:00:00Z
Volume: 13758916
YES ask: 0.0100
NO ask: 0.9920
Last: 0.0100
View on Kalshi
Rules
If Patrick Reed wins the Masters Tournament, then the market resolves to Yes.
Consequent (then it means this happened or will happen)
KXPGATOP20-MAST26-PREE
Masters Tournament: Will Patrick Reed finish top 20?
Series: KXPGATOP20
Entity: Patrick Reed
Expiration: 2026-04-13T02:00:00Z
Volume: 299988
YES ask: 0.8900
NO ask: 0.1200
Last: 0.8800
View on Kalshi
Rules
If Patrick Reed finishes in the top 20 (including ties) in the 2026 Masters Tournament, then the market resolves to Yes.
Confidence: high
Model: claude-sonnet-4-6
Screened: 2026-04-01T08:01:45Z
Reasoning: Winning the Masters means finishing 1st, which is definitionally within the top 20. So if Reed wins, he must finish top 20. The reverse does not hold — finishing top 20 does not mean he won.
Strategy: Buy NO on antecedent + YES on consequent
Yield:
N/A
Cost:
$1.8820
Days to maturity:
N/A
Hurdle yield:
N/A
Excess yield:
N/A