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Let 
 be the largest and 
 the smallest Power of 
 in the HOMFLY Polynomial of an oriented Link,
and 
 be the Braid Index.  Then the Morton-Franks-Williams Inequality holds,
See also Braid Index
References
Franks, J. and Williams, R. F.  ``Braids and the Jones Polynomial.''  Trans. Amer. Math. Soc. 303, 97-108, 1987.