How to read the odds
Cents are percentages. A 30-second guide to turning a price into a plain-English chance — and its limits.
Cents = percent
Just read the cents as a percent: 65¢ ≈ a 65% chance, 22¢ ≈ 22%, 5¢ ≈ a long shot. The “Yes” and “No” prices of a binary market add up to roughly 100¢.
A feel for the numbers
Roughly: 50% is a coin toss, ~66% is “likely”, ~90% is “very likely”, and 95%+ is “almost certain” — mirrored on the low end. PredictPal shows this plain-English reading right on each market.
A strong signal, not a guarantee
Prediction-market odds are usually well-calibrated — historically, outcomes priced near 70% happen about 70% of the time. But the crowd can be wrong, and a price can lag the news, so treat it as a strong signal, not a guarantee.
Keep reading
🔮 What is a prediction market?🎯 Are prediction-market odds actually accurate?⚖️ How prediction markets are regulated (US)🤝 Why do different venues disagree?🧭 A field guide to the venues⚙️ Under the hood: order books, AMMs & market makers✅ How markets resolve🔎 Where the truth comes from: oracles & settlement⚠️ When to distrust the odds📖 A plain-English glossary