Antecedent (if this happens)
KXPGATOP5-MAST26-NHOJ
The Masters: Will Nicolai Hojgaard finish top 5?
Series: KXPGATOP5
Entity: Nicolai Hojgaard
Expiration: 2026-04-12T23:00:00Z
Volume: 35565
YES ask: 0.0500
NO ask: 0.9900
Last: 0.0400
View on Kalshi
Rules
If Nicolai Hojgaard finishes in the top 5 (including ties) in the 2026 The Masters, then the market resolves to Yes.
Consequent (then it means this happened or will happen)
KXPGATOP20-MAST26-NHOJ
The Masters: Will Nicolai Hojgaard finish top 20?
Series: KXPGATOP20
Entity: Nicolai Hojgaard
Expiration: 2026-04-13T02:00:00Z
Volume: 30636
YES ask: 0.1700
NO ask: 0.8700
Last: 0.2100
View on Kalshi
Rules
If Nicolai Hojgaard finishes in the top 20 (including ties) in the 2026 The Masters, then the market resolves to Yes.
Confidence: high
Model: claude-sonnet-4-6
Screened: 2026-04-06T08:02:46Z
Reasoning: If Hojgaard finishes top 5, he necessarily finishes top 20. The reverse does not hold — a top 20 finish does not guarantee a top 5 finish.
Strategy: Buy NO on antecedent + YES on consequent
Yield:
N/A
Cost:
$1.1600
Days to maturity:
N/A
Hurdle yield:
N/A
Excess yield:
N/A