15¢ Polymarket Price Explained
- Decimal
- 6.67
- American
- +567
- Fractional
- 17/3
- Implied probability
- 15.00%
- Polymarket
- 15¢
- $100 wins
- 566.67
- American
- +567
- Fractional
- 17/3
- Implied probability
- 15.00%
- Polymarket
- 15¢
- Profit
- 566.67
- Total return
- 666.67
6.667 decimal, +567 American, 15.00% implied probability
Buying at 15¢ means risking 15¢ to win the rest of a dollar. That is a payout ratio of 6.67 (decimal odds) or +567 in American notation, and it implies an implied probability of 15.00% probability before fees.
What a 15¢ 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 666.67, a profit of 566.67.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 56.67 | 66.67 |
| 25 | 141.67 | 166.67 |
| 50 | 283.33 | 333.33 |
| 100 | 566.67 | 666.67 |
| 500 | 2,833.33 | 3,333.33 |
| 1,000 | 5,666.67 | 6,666.67 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 15.00%. If your own estimate of the outcome is higher than 15.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 15% | 0.0% |
| 50% | 233.3% |
| 55% | 266.7% |
| 60% | 300.0% |
| 65% | 333.3% |
A 15¢ share is a longshot: 15.00% by the market's estimate, paying 566.67 per 100. Thin order books at low prices mean the quoted price and the price you actually get can differ by several cents.
Converting 15¢ by hand
Treat the price as a probability: 15¢ is 15.00%. Decimal odds are one divided by that, 6.667, which bookmakers would display as 6.67. American odds follow from the decimal price: an underdog, so (6.667 − 1) × 100 gives +567. In fractional terms the closest traditional price is 17/3.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 15¢ the NO side should be near 85.00%. 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 6.553 decimal, at 5% 6.383. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 6.553 | +555 | 15.26% |
| 5% | 6.383 | +538 | 15.67% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 15¢ price mean on Polymarket?
A share costs 15¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 15.00%. In sportsbook terms it is 6.67 decimal or +567 American odds.
How do I convert 15¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 15¢ gives 6.667, shown as 6.67.
What is the NO price when YES is 15¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 85.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 15¢ better than the sportsbook price?
Compare after fees. At 15¢ the share is worth 6.67 decimal before fees and 6.553 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 15¢?
100 dollars buys 100 / 15¢ shares, which pay 666.67 in total on a win: a profit of 566.67.