##
A Pawn is as Strong as the Hand that Holds It -- References

Long ago, I read in some 19th-century book that giving odds of Pawn
and Move was the same thing as giving draw odds or giving 2 to 1
money odds; and giving Knight odds was the same as 5:1 money odds;
and so on. I don't remember exactly where; it might have been
Staunton's Chess Magazine. Do
you know?
I also remember seeing several references such as "in the year 1957,
White scored 55% of all the points in Grandmaster tournaments".

This is interesting because a winning ratio of 55:45 is equivalent
to a USCF rating difference of 40 points, and a ratio of 2:1 is
about 125 rating points, and so on.

To phrase this differently, if the estimates of money odds are
correct, when you sit down to play somebody whose rating is 250 or
so points higher than yours, it's just like giving Knight odds to a
player of equal strength!

Another way of looking at this is that when you sit down to play
Kasparov, he already has a material advantage at the start of the
game because his Pawns are stronger than yours (and his Rooks, and
his Knights, and so on).

##
And In Closing, May I Say

If differences in material can be translated into rating points,
this has implications for the theory of piece values.

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