12¢ Polymarket Price Explained
- Decimal
- 8.33
- American
- +733
- Fractional
- 22/3
- Implied probability
- 12.00%
- Polymarket
- 12¢
- $100 wins
- 733.33
- American
- +733
- Fractional
- 22/3
- Implied probability
- 12.00%
- Polymarket
- 12¢
- Profit
- 733.33
- Total return
- 833.33
8.333 decimal, +733 American, 12.00% implied probability
Buying at 12¢ means risking 12¢ to win the rest of a dollar. That is a payout ratio of 8.33 (decimal odds) or +733 in American notation, and it implies an implied probability of 12.00% probability before fees.
What a 12¢ share pays
Each share pays $1.00 on a win, so the profit per share is a dollar minus the price. On 100 dollars' worth of shares the return is 833.33, a profit of 733.33.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 73.33 | 83.33 |
| 25 | 183.33 | 208.33 |
| 50 | 366.67 | 416.67 |
| 100 | 733.33 | 833.33 |
| 500 | 3,666.67 | 4,166.67 |
| 1,000 | 7,333.33 | 8,333.33 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 12.00%. If your own estimate of the outcome is higher than 12.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 12% | 0.0% |
| 50% | 316.7% |
| 55% | 358.3% |
| 60% | 400.0% |
| 65% | 441.7% |
A 12¢ share is a longshot: 12.00% by the market's estimate, paying 733.33 per 100. Thin order books at low prices mean the quoted price and the price you actually get can differ by several cents.
Converting 12¢ by hand
Treat the price as a probability: 12¢ is 12.00%. Decimal odds are one divided by that, 8.333, which bookmakers would display as 8.33. American odds follow from the decimal price: an underdog, so (8.333 − 1) × 100 gives +733. In fractional terms the closest traditional price is 22/3.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 12¢ the NO side should be near 88.00%. Anything above $1.00 in total is the spread, the prediction-market equivalent of a bookmaker's vig. Enter both sides in the Polymarket converter to measure it.
Fees and comparison with sportsbooks
Fees, where a market charges them, come off profit and work exactly like exchange commission. At 2% the share is worth 8.187 decimal, at 5% 7.967. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 8.187 | +719 | 12.21% |
| 5% | 7.967 | +697 | 12.55% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 12¢ price mean on Polymarket?
A share costs 12¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 12.00%. In sportsbook terms it is 8.33 decimal or +733 American odds.
How do I convert 12¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 12¢ gives 8.333, shown as 8.33.
What is the NO price when YES is 12¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 88.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 12¢ better than the sportsbook price?
Compare after fees. At 12¢ the share is worth 8.33 decimal before fees and 8.187 at a 2% fee. If a sportsbook offers more than that on the same outcome, the sportsbook is the better price.
What do I win per 100 dollars at 12¢?
100 dollars buys 100 / 12¢ shares, which pay 833.33 in total on a win: a profit of 733.33.