60¢ Polymarket Price Explained
- Decimal
- 1.67
- American
- -150
- Fractional
- 4/6
- Implied probability
- 60.00%
- Polymarket
- 60¢
- $100 wins
- 66.67
- American
- -150
- Fractional
- 4/6
- Implied probability
- 60.00%
- Polymarket
- 60¢
- Profit
- 66.67
- Total return
- 166.67
1.667 decimal, -150 American, 60.00% implied probability
Buying at 60¢ means risking 60¢ to win the rest of a dollar. That is a payout ratio of 1.67 (decimal odds) or -150 in American notation, and it implies an implied probability of 60.00% probability before fees.
What a 60¢ 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 166.67, a profit of 66.67.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 6.67 | 16.67 |
| 25 | 16.67 | 41.67 |
| 50 | 33.33 | 83.33 |
| 100 | 66.67 | 166.67 |
| 500 | 333.33 | 833.33 |
| 1,000 | 666.67 | 1,666.67 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 60.00%. If your own estimate of the outcome is higher than 60.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 50% | -16.7% |
| 55% | -8.3% |
| 60% | 0.0% |
| 65% | 8.3% |
60¢ is a favourite's price on a prediction market, implying 60.00%. Compare it with a sportsbook's price on the same event: if the book offers better than -150 on the same side, or better than the complement on the other side, one of the two venues is mispriced.
Converting 60¢ by hand
Treat the price as a probability: 60¢ is 60.00%. Decimal odds are one divided by that, 1.667, which bookmakers would display as 1.67. American odds follow from the decimal price: a favourite, so −100 divided by (1.667 − 1) gives -150. In fractional terms the closest traditional price is 4/6.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 60¢ the NO side should be near 40.00%. 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 1.653 decimal, at 5% 1.633. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.653 | -153 | 60.48% |
| 5% | 1.633 | -158 | 61.22% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 60¢ price mean on Polymarket?
A share costs 60¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 60.00%. In sportsbook terms it is 1.67 decimal or -150 American odds.
How do I convert 60¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 60¢ gives 1.667, shown as 1.67.
What is the NO price when YES is 60¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 40.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 60¢ better than the sportsbook price?
Compare after fees. At 60¢ the share is worth 1.67 decimal before fees and 1.653 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 60¢?
100 dollars buys 100 / 60¢ shares, which pay 166.67 in total on a win: a profit of 66.67.