68¢ Polymarket Price Explained
- Decimal
- 1.47
- American
- -212
- Fractional
- 8/17
- Implied probability
- 68.00%
- Polymarket
- 68¢
- $100 wins
- 47.06
- American
- -213
- Fractional
- 8/17
- Implied probability
- 68.00%
- Polymarket
- 68¢
- Profit
- 47.06
- Total return
- 147.06
1.471 decimal, -213 American, 68.00% implied probability
A Polymarket share priced at 68¢ pays $1.00 if the market resolves in its favour, so the price is the market's probability: 68.00%. In sportsbook terms that is 1.47 decimal odds or -212 American odds. The NO side of the same market sits near 32.00%.
What a 68¢ 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 147.06, a profit of 47.06.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 4.71 | 14.71 |
| 25 | 11.76 | 36.76 |
| 50 | 23.53 | 73.53 |
| 100 | 47.06 | 147.06 |
| 500 | 235.29 | 735.29 |
| 1,000 | 470.59 | 1,470.59 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 68.00%. If your own estimate of the outcome is higher than 68.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 50% | -26.5% |
| 55% | -19.1% |
| 60% | -11.8% |
| 65% | -4.4% |
| 68% | 0.0% |
68¢ is a favourite's price on a prediction market, implying 68.00%. Compare it with a sportsbook's price on the same event: if the book offers better than -212 on the same side, or better than the complement on the other side, one of the two venues is mispriced.
Converting 68¢ by hand
Treat the price as a probability: 68¢ is 68.00%. Decimal odds are one divided by that, 1.471, which bookmakers would display as 1.47. American odds follow from the decimal price: a favourite, so −100 divided by (1.471 − 1) gives -212. In fractional terms the closest traditional price is 8/17.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 68¢ the NO side should be near 32.00%. 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 1.461 decimal, at 5% 1.447. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.461 | -217 | 68.44% |
| 5% | 1.447 | -224 | 69.11% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 68¢ price mean on Polymarket?
A share costs 68¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 68.00%. In sportsbook terms it is 1.47 decimal or -212 American odds.
How do I convert 68¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 68¢ gives 1.471, shown as 1.47.
What is the NO price when YES is 68¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 32.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 68¢ better than the sportsbook price?
Compare after fees. At 68¢ the share is worth 1.47 decimal before fees and 1.461 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 68¢?
100 dollars buys 100 / 68¢ shares, which pay 147.06 in total on a win: a profit of 47.06.