29¢ Polymarket Price Explained
- Decimal
- 3.45
- American
- +245
- Fractional
- 71/29
- Implied probability
- 29.00%
- Polymarket
- 29¢
- $100 wins
- 244.83
- American
- +245
- Fractional
- 71/29
- Implied probability
- 29.00%
- Polymarket
- 29¢
- Profit
- 244.83
- Total return
- 344.83
3.448 decimal, +245 American, 29.00% implied probability
Buying at 29¢ means risking 29¢ to win the rest of a dollar. That is a payout ratio of 3.45 (decimal odds) or +245 in American notation, and it implies an implied probability of 29.00% probability before fees.
What a 29¢ 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 344.83, a profit of 244.83.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 24.48 | 34.48 |
| 25 | 61.21 | 86.21 |
| 50 | 122.41 | 172.41 |
| 100 | 244.83 | 344.83 |
| 500 | 1,224.14 | 1,724.14 |
| 1,000 | 2,448.28 | 3,448.28 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 29.00%. If your own estimate of the outcome is higher than 29.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 29% | -0.0% |
| 50% | 72.4% |
| 55% | 89.7% |
| 60% | 106.9% |
| 65% | 124.1% |
29¢ is an underdog share with an implied chance of 29.00% and a payout of 244.83 per 100 dollars staked. Prediction markets often price underdogs closer to fair than sportsbooks do, so this is a good range for cross-market comparison.
Converting 29¢ by hand
Treat the price as a probability: 29¢ is 29.00%. Decimal odds are one divided by that, 3.448, which bookmakers would display as 3.45. American odds follow from the decimal price: an underdog, so (3.448 − 1) × 100 gives +245. In fractional terms the closest traditional price is 71/29.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 29¢ the NO side should be near 71.00%. 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 3.399 decimal, at 5% 3.326. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 3.399 | +240 | 29.42% |
| 5% | 3.326 | +233 | 30.07% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 29¢ price mean on Polymarket?
A share costs 29¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 29.00%. In sportsbook terms it is 3.45 decimal or +245 American odds.
How do I convert 29¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 29¢ gives 3.448, shown as 3.45.
What is the NO price when YES is 29¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 71.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 29¢ better than the sportsbook price?
Compare after fees. At 29¢ the share is worth 3.45 decimal before fees and 3.399 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 29¢?
100 dollars buys 100 / 29¢ shares, which pay 344.83 in total on a win: a profit of 244.83.