 The depragmatized DBAs attempt to use the Dutch Book theorem to show that incoherent degrees of belief involve a kind of inconsistency on their own, irrespective of the way in which they link up with particular preferences. But the claim of inconsistency here requires that credences be tied to evaluations of fairness, which in turn invokes a concept of valuation that goes beyond merely having degrees of belief. If an agent’s degrees of belief are incoherent, and he makes evaluations of bets using the standard expectation rule, then there will be bets (with payoffs in some measure of utility) such that calculated individually these will have expected value zero, and will in this sense be fair by his lights, but which lead to a net loss, and so may be said to be unfair. The unfairness can be deduced from the agent’s beliefs and their connection with the agent’s utilities, which establishes the defect brought out by the Dutch Book as internal to the agent, marking a crucial difference between the loss so inflicted and the sort requiring superior factual knowledge on the part of the bookie. While the linkage between the agent’s credences and his evaluation of bets is crucial to this result, the needed connection is independent of the agent’s particular preference for goods, and so it could be said that the failure to correspond to fair betting quotients is a property of the agent’s beliefs, as tied to evaluations of acts, yielding the result that incoherent credences, appropriately connected with preference, display a property that is analogous to inconsistency for full belief.