62¢ Polymarket Price Explained
- Decimal
- 1.61
- American
- -163
- Fractional
- 19/31
- Implied probability
- 62.00%
- Polymarket
- 62¢
- $100 wins
- 61.29
- American
- -163
- Fractional
- 19/31
- Implied probability
- 62.00%
- Polymarket
- 62¢
- Profit
- 61.29
- Total return
- 161.29
1.613 decimal, -163 American, 62.00% implied probability
Buying at 62¢ means risking 62¢ to win the rest of a dollar. That is a payout ratio of 1.61 (decimal odds) or -163 in American notation, and it implies an implied probability of 62.00% probability before fees.
What a 62¢ 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 161.29, a profit of 61.29.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 6.13 | 16.13 |
| 25 | 15.32 | 40.32 |
| 50 | 30.65 | 80.65 |
| 100 | 61.29 | 161.29 |
| 500 | 306.45 | 806.45 |
| 1,000 | 612.90 | 1,612.90 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 62.00%. If your own estimate of the outcome is higher than 62.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 50% | -19.4% |
| 55% | -11.3% |
| 60% | -3.2% |
| 62% | 0.0% |
| 65% | 4.8% |
62¢ is a favourite's price on a prediction market, implying 62.00%. Compare it with a sportsbook's price on the same event: if the book offers better than -163 on the same side, or better than the complement on the other side, one of the two venues is mispriced.
Converting 62¢ by hand
Treat the price as a probability: 62¢ is 62.00%. Decimal odds are one divided by that, 1.613, which bookmakers would display as 1.61. American odds follow from the decimal price: a favourite, so −100 divided by (1.613 − 1) gives -163. In fractional terms the closest traditional price is 19/31.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 62¢ the NO side should be near 38.00%. 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 1.601 decimal, at 5% 1.582. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.601 | -166 | 62.47% |
| 5% | 1.582 | -172 | 63.20% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 62¢ price mean on Polymarket?
A share costs 62¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 62.00%. In sportsbook terms it is 1.61 decimal or -163 American odds.
How do I convert 62¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 62¢ gives 1.613, shown as 1.61.
What is the NO price when YES is 62¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 38.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 62¢ better than the sportsbook price?
Compare after fees. At 62¢ the share is worth 1.61 decimal before fees and 1.601 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 62¢?
100 dollars buys 100 / 62¢ shares, which pay 161.29 in total on a win: a profit of 61.29.