How do Polymarket odds work?
Polymarket odds work differently from traditional betting odds. The platform displays prices as values between $0 and $1 (or as percentages).
70 means the market predicts a 70% chance of that outcome. 70 or 70%. Converting to percentages - Simply multiply by 100 to get the probability percentage.
30). 20 per share. 43 (7/5) roughly equal 70% probability.
70 directly. Arbitrage opportunity - If all outcomes in a market don't sum to 100%, there's theoretically risk-free profit (but fees prevent this). The price changes based on buying and selling activity, reflecting real-time market sentiment.