8¢ Polymarket Price Explained
- Decimal
- 12.50
- American
- +1,150
- Fractional
- 23/2
- Implied probability
- 8.00%
- Polymarket
- 8¢
- $100 wins
- 1,150.00
- American
- +1,150
- Fractional
- 23/2
- Implied probability
- 8.00%
- Polymarket
- 8¢
- Profit
- 1,150.00
- Total return
- 1,250.00
12.500 decimal, +1,150 American, 8.00% implied probability
Buying at 8¢ means risking 8¢ to win the rest of a dollar. That is a payout ratio of 12.50 (decimal odds) or +1,150 in American notation, and it implies an implied probability of 8.00% probability before fees.
What an 8¢ 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 1,250.00, a profit of 1,150.00.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 115.00 | 125.00 |
| 25 | 287.50 | 312.50 |
| 50 | 575.00 | 625.00 |
| 100 | 1,150.00 | 1,250.00 |
| 500 | 5,750.00 | 6,250.00 |
| 1,000 | 11,500.00 | 12,500.00 |
Break-even and long-run results
Because the price is a probability, the break-even rate is the price itself: 8.00%. If your own estimate of the outcome is higher than 8.00%, the share is value; if it is lower, it is not.
| Win rate | Return on stake |
|---|---|
| 8% | 0.0% |
| 50% | 525.0% |
| 55% | 587.5% |
| 60% | 650.0% |
| 65% | 712.5% |
An 8¢ share is a longshot: 8.00% by the market's estimate, paying 1,150.00 per 100. Thin order books at low prices mean the quoted price and the price you actually get can differ by several cents.
Converting 8¢ by hand
Treat the price as a probability: 8¢ is 8.00%. Decimal odds are one divided by that, 12.500, which bookmakers would display as 12.50. American odds follow from the decimal price: an underdog, so (12.500 − 1) × 100 gives +1,150. In fractional terms the closest traditional price is 23/2.
YES, NO and the spread
On a liquid market the YES and NO prices add up to about $1.00; at 8¢ the NO side should be near 92.00%. 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 12.270 decimal, at 5% 11.925. A sportsbook offering better than the effective price beats the market.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 12.270 | +1,127 | 8.15% |
| 5% | 11.925 | +1,093 | 8.39% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does an 8¢ price mean on Polymarket?
A share costs 8¢ and pays $1.00 if the market resolves in its favour, so the price is the market's probability: 8.00%. In sportsbook terms it is 12.50 decimal or +1,150 American odds.
How do I convert 8¢ to decimal odds?
Divide 1 by the price in dollars: 1 / 8¢ gives 12.500, shown as 12.50.
What is the NO price when YES is 8¢?
On a liquid market the NO side is about $1.00 minus the YES price, so roughly 92.00% in cents. The difference from exactly $1.00 in total is the spread.
Is 8¢ better than the sportsbook price?
Compare after fees. At 8¢ the share is worth 12.50 decimal before fees and 12.270 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 8¢?
100 dollars buys 100 / 8¢ shares, which pay 1,250.00 in total on a win: a profit of 1,150.00.