24¢ Polymarket Price Explained
- Decimal
- 4.17
- American
- +317
- Fractional
- 19/6
- Implied probability
- 24.00%
- Polymarket
- 24¢
- $100 wins
- 316.67
- American
- +317
- Fractional
- 19/6
- Implied probability
- 24.00%
- Polymarket
- 24¢
- Profit
- 316.67
- Total return
- 416.67
4.167 decimal, +317 American, 24.00% implied probability
24¢ is what a YES (or NO) share costs when the market thinks the outcome is 24.00% likely. Because a winning share pays a dollar, dividing one by the price gives the decimal odds, 4.17, and from there the American price of +317.
What a 24¢ 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 416.67, a profit of 316.67.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 31.67 | 41.67 |
| 25 | 79.17 | 104.17 |
| 50 | 158.33 | 208.33 |
| 100 | 316.67 | 416.67 |
| 500 | 1,583.33 | 2,083.33 |
| 1,000 | 3,166.67 | 4,166.67 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 24.00%. If your own estimate of the outcome is higher than 24.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 24% | 0.0% |
| 50% | 108.3% |
| 55% | 129.2% |
| 60% | 150.0% |
| 65% | 170.8% |
A 24¢ share is a longshot: 24.00% by the market's estimate, paying 316.67 per 100. Thin order books at low prices mean the quoted price and the price you actually get can differ by several cents.
Converting 24¢ by hand
Treat the price as a probability: 24¢ is 24.00%. Decimal odds are one divided by that, 4.167, which bookmakers would display as 4.17. American odds follow from the decimal price: an underdog, so (4.167 − 1) × 100 gives +317. In fractional terms the closest traditional price is 19/6.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 24¢ the NO side should be near 76.00%. 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 4.103 decimal, at 5% 4.008. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 4.103 | +310 | 24.37% |
| 5% | 4.008 | +301 | 24.95% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 24¢ price mean on Polymarket?
A share costs 24¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 24.00%. In sportsbook terms it is 4.17 decimal or +317 American odds.
How do I convert 24¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 24¢ gives 4.167, shown as 4.17.
What is the NO price when YES is 24¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 76.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 24¢ better than the sportsbook price?
Compare after fees. At 24¢ the share is worth 4.17 decimal before fees and 4.103 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 24¢?
100 dollars buys 100 / 24¢ shares, which pay 416.67 in total on a win: a profit of 316.67.