69¢ Polymarket Price Explained
- Decimal
- 1.45
- American
- -223
- Fractional
- 31/69
- Implied probability
- 69.00%
- Polymarket
- 69¢
- $100 wins
- 44.93
- American
- -223
- Fractional
- 31/69
- Implied probability
- 69.00%
- Polymarket
- 69¢
- Profit
- 44.93
- Total return
- 144.93
1.449 decimal, -223 American, 69.00% implied probability
Buying at 69¢ means risking 69¢ to win the rest of a dollar. That is a payout ratio of 1.45 (decimal odds) or -223 in American notation, and it implies an implied probability of 69.00% probability before fees.
What a 69¢ 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 144.93, a profit of 44.93.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 4.49 | 14.49 |
| 25 | 11.23 | 36.23 |
| 50 | 22.46 | 72.46 |
| 100 | 44.93 | 144.93 |
| 500 | 224.64 | 724.64 |
| 1,000 | 449.28 | 1,449.28 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 69.00%. If your own estimate of the outcome is higher than 69.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 50% | -27.5% |
| 55% | -20.3% |
| 60% | -13.0% |
| 65% | -5.8% |
| 69% | 0.0% |
69¢ is a favourite's price on a prediction market, implying 69.00%. Compare it with a sportsbook's price on the same event: if the book offers better than -223 on the same side, or better than the complement on the other side, one of the two venues is mispriced.
Converting 69¢ by hand
Treat the price as a probability: 69¢ is 69.00%. Decimal odds are one divided by that, 1.449, which bookmakers would display as 1.45. American odds follow from the decimal price: a favourite, so −100 divided by (1.449 − 1) gives -223. In fractional terms the closest traditional price is 31/69.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 69¢ the NO side should be near 31.00%. 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 1.440 decimal, at 5% 1.427. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.440 | -227 | 69.43% |
| 5% | 1.427 | -234 | 70.09% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does a 69¢ price mean on Polymarket?
A share costs 69¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 69.00%. In sportsbook terms it is 1.45 decimal or -223 American odds.
How do I convert 69¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 69¢ gives 1.449, shown as 1.45.
What is the NO price when YES is 69¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 31.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 69¢ better than the sportsbook price?
Compare after fees. At 69¢ the share is worth 1.45 decimal before fees and 1.440 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 69¢?
100 dollars buys 100 / 69¢ shares, which pay 144.93 in total on a win: a profit of 44.93.