59¢ Polymarket Price Explained
- Decimal
- 1.69
- American
- -144
- Fractional
- 41/59
- Implied probability
- 59.00%
- Polymarket
- 59¢
- $100 wins
- 69.49
- American
- -144
- Fractional
- 41/59
- Implied probability
- 59.00%
- Polymarket
- 59¢
- Profit
- 69.49
- Total return
- 169.49
1.695 decimal, -144 American, 59.00% implied probability
A Polymarket share priced at 59¢ pays $1.00 if the market resolves in its favour, so the price is the market's probability: 59.00%. In sportsbook terms that is 1.69 decimal odds or -144 American odds. The NO side of the same market sits near 41.00%.
What a 59¢ 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 169.49, a profit of 69.49.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 6.95 | 16.95 |
| 25 | 17.37 | 42.37 |
| 50 | 34.75 | 84.75 |
| 100 | 69.49 | 169.49 |
| 500 | 347.46 | 847.46 |
| 1,000 | 694.92 | 1,694.92 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 59.00%. If your own estimate of the outcome is higher than 59.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 50% | -15.3% |
| 55% | -6.8% |
| 59% | -0.0% |
| 60% | 1.7% |
| 65% | 10.2% |
59¢ is a favourite's price on a prediction market, implying 59.00%. Compare it with a sportsbook's price on the same event: if the book offers better than -144 on the same side, or better than the complement on the other side, one of the two venues is mispriced.
Converting 59¢ by hand
Treat the price as a probability: 59¢ is 59.00%. Decimal odds are one divided by that, 1.695, which bookmakers would display as 1.69. American odds follow from the decimal price: a favourite, so −100 divided by (1.695 − 1) gives -144. In fractional terms the closest traditional price is 41/59.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 59¢ the NO side should be near 41.00%. 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 1.681 decimal, at 5% 1.660. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.681 | -147 | 59.49% |
| 5% | 1.660 | -151 | 60.23% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 59¢ price mean on Polymarket?
A share costs 59¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 59.00%. In sportsbook terms it is 1.69 decimal or -144 American odds.
How do I convert 59¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 59¢ gives 1.695, shown as 1.69.
What is the NO price when YES is 59¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 41.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 59¢ better than the sportsbook price?
Compare after fees. At 59¢ the share is worth 1.69 decimal before fees and 1.681 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 59¢?
100 dollars buys 100 / 59¢ shares, which pay 169.49 in total on a win: a profit of 69.49.