46¢ Polymarket Price Explained
- Decimal
- 2.17
- American
- +117
- Fractional
- 27/23
- Implied probability
- 46.00%
- Polymarket
- 46¢
- $100 wins
- 117.39
- American
- +117
- Fractional
- 27/23
- Implied probability
- 46.00%
- Polymarket
- 46¢
- Profit
- 117.39
- Total return
- 217.39
2.174 decimal, +117 American, 46.00% implied probability
46¢ is what a YES (or NO) share costs when the market thinks the outcome is 46.00% likely. Because a winning share pays a dollar, dividing one by the price gives the decimal odds, 2.17, and from there the American price of +117.
What a 46¢ 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 217.39, a profit of 117.39.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 11.74 | 21.74 |
| 25 | 29.35 | 54.35 |
| 50 | 58.70 | 108.70 |
| 100 | 117.39 | 217.39 |
| 500 | 586.96 | 1,086.96 |
| 1,000 | 1,173.91 | 2,173.91 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 46.00%. If your own estimate of the outcome is higher than 46.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 46% | -0.0% |
| 50% | 8.7% |
| 55% | 19.6% |
| 60% | 30.4% |
| 65% | 41.3% |
A share at 46¢ is a near coin flip at 46.00%. Around 50¢ the spread between YES and NO is what matters: buying both sides at 51¢ and 51¢ costs $1.02 for a $1.00 payout, which is the market's margin.
Converting 46¢ by hand
Treat the price as a probability: 46¢ is 46.00%. Decimal odds are one divided by that, 2.174, which bookmakers would display as 2.17. American odds follow from the decimal price: an underdog, so (2.174 − 1) × 100 gives +117. In fractional terms the closest traditional price is 27/23.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 46¢ the NO side should be near 54.00%. 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 2.150 decimal, at 5% 2.115. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 2.150 | +115 | 46.50% |
| 5% | 2.115 | +112 | 47.28% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 46¢ price mean on Polymarket?
A share costs 46¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 46.00%. In sportsbook terms it is 2.17 decimal or +117 American odds.
How do I convert 46¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 46¢ gives 2.174, shown as 2.17.
What is the NO price when YES is 46¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 54.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 46¢ better than the sportsbook price?
Compare after fees. At 46¢ the share is worth 2.17 decimal before fees and 2.150 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 46¢?
100 dollars buys 100 / 46¢ shares, which pay 217.39 in total on a win: a profit of 117.39.