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Fee formula from Kalshi's fee schedule effective July 7, 2026 · games snapshot October 25, 2026 at 11:20 UTC
A Kalshi price in cents is the implied chance: 60¢ means 60%, which is -150 in American odds, 1.67 in decimal odds and 2/3 fractional; 25¢ is +300. Kalshi's taker fee moves the break-even point: 100 contracts at 50¢ cost $1.75 in fees, so they need to win 51.75% of the time, about -107 in American odds, against the 52.38% a standard -110 sportsbook line needs.
Kalshi price (implied chance): 60.0¢
American odds: -150 · Decimal: 1.67
Taker fee on the order: $1.68
Break-even chance after fee: 61.68% (American -161)
Fees are rounded up to the next cent per order. Maker orders on series without maker fees pay none.
| Kalshi price | Implied chance | American | Decimal | Fractional | Break-even after fee | American after fee |
|---|---|---|---|---|---|---|
| 5¢ | 5% | +1900 | 20.00 | 19/1 | 5.34% | +1773 |
| 10¢ | 10% | +900 | 10.00 | 9/1 | 10.63% | +841 |
| 15¢ | 15% | +567 | 6.67 | 17/3 | 15.90% | +529 |
| 20¢ | 20% | +400 | 5.00 | 4/1 | 21.12% | +373 |
| 25¢ | 25% | +300 | 4.00 | 3/1 | 26.32% | +280 |
| 30¢ | 30% | +233 | 3.33 | 7/3 | 31.47% | +218 |
| 35¢ | 35% | +186 | 2.86 | 13/7 | 36.60% | +173 |
| 40¢ | 40% | +150 | 2.50 | 3/2 | 41.68% | +140 |
| 45¢ | 45% | +122 | 2.22 | 11/9 | 46.74% | +114 |
| 50¢ | 50% | +100 | 2.00 | 1/1 | 51.75% | -107 |
| 55¢ | 55% | -122 | 1.82 | 9/11 | 56.74% | -131 |
| 60¢ | 60% | -150 | 1.67 | 2/3 | 61.68% | -161 |
| 65¢ | 65% | -186 | 1.54 | 7/13 | 66.60% | -199 |
| 70¢ | 70% | -233 | 1.43 | 3/7 | 71.47% | -251 |
| 75¢ | 75% | -300 | 1.33 | 1/3 | 76.32% | -322 |
| 80¢ | 80% | -400 | 1.25 | 1/4 | 81.12% | -430 |
| 85¢ | 85% | -567 | 1.18 | 3/17 | 85.90% | -609 |
| 90¢ | 90% | -900 | 1.11 | 1/9 | 90.63% | -967 |
| 95¢ | 95% | -1900 | 1.05 | 1/19 | 95.34% | -2046 |
After-fee columns assume a 100-contract taker order with multiplier 1: the price plus the fee per contract. Fractional odds are rounded to the nearest simple fraction.
| Game | Favorite | Price | American | Underdog | Price | American |
|---|---|---|---|---|---|---|
| Prozorova vs Garland WTA Oct 24 | Tatiana Prozorova | 99.5¢ | -19900 | Joanna Garland | 1¢ | +9900 |
| Cincinnati vs Baltimore Oct 25 | Cincinnati | 58.5¢ | -141 | Baltimore | 41.5¢ | +141 |
| Pittsburgh vs New Orleans Oct 25 | Pittsburgh | 59.5¢ | -147 | New Orleans | 40.5¢ | +147 |
| Medvedev vs Basilashvili ATP Oct 25 | Daniil Medvedev | 77.5¢ | -344 | Nikoloz Basilashvili | 22.5¢ | +344 |
| New York G vs Houston Oct 25 | Houston | 80.5¢ | -413 | New York G | 19.5¢ | +413 |
| San Francisco vs Atlanta Oct 25 | San Francisco | 57.5¢ | -135 | Atlanta | 42.5¢ | +135 |
| Kansas City vs Seattle Oct 25 | Seattle | 58.5¢ | -141 | Kansas City | 41.5¢ | +141 |
| Indianapolis vs Minnesota Oct 25 | Minnesota | 73.5¢ | -277 | Indianapolis | 26.5¢ | +277 |
Prices are the Yes price of each side before fees. All games by league: Kalshi game odds. Current availability, prices, close time, fees, and settlement wording must be verified on Kalshi directly before trading.
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Treat the price in cents as the chance p. At 50¢ or more the American odds are minus 100 x p / (1 - p): 75¢ is -300. Below 50¢ they are plus 100 x (1 - p) / p: 20¢ is +400. Decimal odds are 1 / p.
Compare break-even chances. A 50¢ Kalshi contract bought 100 at a time breaks even at 51.75% after the taker fee; a -110 sportsbook bet needs 52.38%. The gap changes with the price, the order size (the fee is rounded up per order) and the book's line, so check the table above and the live prices on both before you trade.
1¢ is a 1% chance, +9900 in American odds; 99¢ is 99%, -9900. At the extremes the fee per contract is tiny, but so is the payout on a favorite, so a small misprice matters a lot.
The converter itself runs in your browser on the number you type. The games table below it lists this week's most traded Kalshi games with their prices and is refreshed twice a day.