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Kalshi Price to Odds Converter

Convert any Kalshi contract price in cents to American odds, decimal odds, and implied probability. Instantly compare Kalshi prices against sportsbook lines.

Kalshi Yes Price (cents)

The price per Yes contract shown on Kalshi, 1-99 cents

American Odds:-186

Decimal Odds:1.538

Fractional Odds:0.54/1

Implied Probability:65.0%

Equivalent No Price:35 cents

Comparing Kalshi to a sportsbook

Convert the sportsbook line to implied probability with our Implied Probability Calculator, then compare it to the Kalshi price. The lower implied probability is the better deal. Factor in Kalshi's trading fee with the Kalshi Fees Calculator.

This calculator is for informational and educational purposes only. Results should be verified with your sportsbook before placing any wagers. All betting carries risk. Full Disclaimer

How to Use This Calculator

1
Enter Kalshi Price: Input the Yes price in cents from any Kalshi market (e.g. 65)
2
Read the Conversions: See the equivalent American odds, decimal odds, and implied probability
3
Compare to Sportsbooks: Use the American odds to compare Kalshi's price against sportsbook lines

Frequently Asked Questions

How do I convert a Kalshi price to American odds?

A Kalshi price in cents is the implied probability. For prices of 50 cents or more: American odds = -100 x price / (100 - price). For under 50 cents: +100 x (100 - price) / price. A 65-cent contract equals about -186 American odds; a 30-cent contract equals +233.

What does 65 cents mean on Kalshi?

A 65-cent Yes contract means the market prices the event at a 65% chance of happening. You pay $0.65 per contract and receive $1.00 if the event occurs - a profit of 35 cents per contract, equivalent to about -186 in American odds.

Is Kalshi better than a sportsbook for the same bet?

Often, yes - when the same event trades on both. A sportsbook line of -110 implies 52.4% including vig, while the equivalent Kalshi contract might trade at 51 cents. Convert both to implied probability and take the cheaper side. Remember to include Kalshi's trading fee (about 1-2 cents on mid-priced contracts).

What is the equivalent of -110 odds on Kalshi?

-110 American odds equal a 52.4% implied probability, which corresponds to a Kalshi price of about 52 cents. If the Kalshi contract for the same outcome trades below 52 cents, Kalshi is offering a better price than the sportsbook.

Do Kalshi prices include vig?

Not in the sportsbook sense. Kalshi is an exchange, so prices come from real buyers and sellers - the Yes and No prices typically sum to about 100 cents plus a small spread. Your costs are the bid-ask spread and the trading fee, which together are usually smaller than sportsbook vig.