47¢ Polymarket Price Explained
- Decimal
- 2.13
- American
- +113
- Fractional
- 53/47
- Implied probability
- 47.00%
- Polymarket
- 47¢
- $100 wins
- 112.77
- American
- +113
- Fractional
- 53/47
- Implied probability
- 47.00%
- Polymarket
- 47¢
- Profit
- 112.77
- Total return
- 212.77
2.128 decimal, +113 American, 47.00% implied probability
Buying at 47¢ means risking 47¢ to win the rest of a dollar. That is a payout ratio of 2.13 (decimal odds) or +113 in American notation, and it implies an implied probability of 47.00% probability before fees.
What a 47¢ 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 212.77, a profit of 112.77.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 11.28 | 21.28 |
| 25 | 28.19 | 53.19 |
| 50 | 56.38 | 106.38 |
| 100 | 112.77 | 212.77 |
| 500 | 563.83 | 1,063.83 |
| 1,000 | 1,127.66 | 2,127.66 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 47.00%. If your own estimate of the outcome is higher than 47.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 47% | -0.0% |
| 50% | 6.4% |
| 55% | 17.0% |
| 60% | 27.7% |
| 65% | 38.3% |
A share at 47¢ is a near coin flip at 47.00%. 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 47¢ by hand
Treat the price as a probability: 47¢ is 47.00%. Decimal odds are one divided by that, 2.128, which bookmakers would display as 2.13. American odds follow from the decimal price: an underdog, so (2.128 − 1) × 100 gives +113. In fractional terms the closest traditional price is 53/47.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 47¢ the NO side should be near 53.00%. 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 2.105 decimal, at 5% 2.071. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 2.105 | +111 | 47.50% |
| 5% | 2.071 | +107 | 48.28% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 47¢ price mean on Polymarket?
A share costs 47¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 47.00%. In sportsbook terms it is 2.13 decimal or +113 American odds.
How do I convert 47¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 47¢ gives 2.128, shown as 2.13.
What is the NO price when YES is 47¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 53.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 47¢ better than the sportsbook price?
Compare after fees. At 47¢ the share is worth 2.13 decimal before fees and 2.105 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 47¢?
100 dollars buys 100 / 47¢ shares, which pay 212.77 in total on a win: a profit of 112.77.