52¢ Polymarket Price Explained
- Decimal
- 1.92
- American
- -108
- Fractional
- 12/13
- Implied probability
- 52.00%
- Polymarket
- 52¢
- $100 wins
- 92.31
- American
- -108
- Fractional
- 12/13
- Implied probability
- 52.00%
- Polymarket
- 52¢
- Profit
- 92.31
- Total return
- 192.31
1.923 decimal, -108 American, 52.00% implied probability
52¢ is what a YES (or NO) share costs when the market thinks the outcome is 52.00% likely. Because a winning share pays a dollar, dividing one by the price gives the decimal odds, 1.92, and from there the American price of -108.
What a 52¢ 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 192.31, a profit of 92.31.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 9.23 | 19.23 |
| 25 | 23.08 | 48.08 |
| 50 | 46.15 | 96.15 |
| 100 | 92.31 | 192.31 |
| 500 | 461.54 | 961.54 |
| 1,000 | 923.08 | 1,923.08 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 52.00%. If your own estimate of the outcome is higher than 52.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 50% | -3.8% |
| 52% | -0.0% |
| 55% | 5.8% |
| 60% | 15.4% |
| 65% | 25.0% |
A share at 52¢ is a near coin flip at 52.00%. 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 52¢ by hand
Treat the price as a probability: 52¢ is 52.00%. Decimal odds are one divided by that, 1.923, which bookmakers would display as 1.92. American odds follow from the decimal price: a favourite, so −100 divided by (1.923 − 1) gives -108. In fractional terms the closest traditional price is 12/13.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 52¢ the NO side should be near 48.00%. 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 1.905 decimal, at 5% 1.877. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.905 | -111 | 52.50% |
| 5% | 1.877 | -114 | 53.28% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 52¢ price mean on Polymarket?
A share costs 52¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 52.00%. In sportsbook terms it is 1.92 decimal or -108 American odds.
How do I convert 52¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 52¢ gives 1.923, shown as 1.92.
What is the NO price when YES is 52¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 48.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 52¢ better than the sportsbook price?
Compare after fees. At 52¢ the share is worth 1.92 decimal before fees and 1.905 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 52¢?
100 dollars buys 100 / 52¢ shares, which pay 192.31 in total on a win: a profit of 92.31.