 These problems stem largely from taking literally the notion of entering into a bet on \(E\), with its corresponding payoffs. The problems may be avoided by identifying your degree of belief in a proposition with the betting price you regard as fair, whether or not you enter into such a bet; it corresponds to the betting odds that you believe confer no advantage or disadvantage to either side of the bet (Howson and Urbach 1993). At your fair price, you should be indifferent between taking either  side.[6]