A Kalshi contract price is a probability in disguise. This converter turns a price in cents into the implied probability and the equivalent American and decimal odds, so you can compare a Kalshi market to odds you already understand.
Enter a price below and the rest update instantly.
Edit any field and the others convert instantly.
A 60% probability is a Kalshi price of 60¢, or -150 American / 1.67 decimal odds.
A Kalshi contract pays $1, so its price in cents is the market’s implied probability. American odds are negative for favorites (above 50%) and positive for underdogs (below 50%); decimal odds are 1 divided by the probability.
Price as probability
Because a Kalshi contract pays $1, its price in cents maps directly to the market's implied probability. A 60 cent contract reflects roughly a 60 percent chance the event happens.
Converting to odds
Decimal odds are simply 1 divided by the probability. American odds differ above and below 50 percent: favorites (above 50 percent) show as negative, underdogs (below 50 percent) as positive. This tool handles the conversion both ways.
FAQ
How do I convert a Kalshi price to odds?
Treat the price in cents as the implied probability, then convert. This tool shows the American and decimal odds for any Kalshi price automatically.
What does a 30 cent Kalshi contract mean in odds?
Roughly a 30 percent implied probability, which is about +233 in American odds and 3.33 in decimal odds. Enter 30 above to see exact figures.
Does the Kalshi price equal probability?
Yes, roughly. Since a contract pays $1, its price reflects the market's implied probability of the event happening.
Stop calculating one trade at a time
ContractTax does this across your whole Kalshi history: real P&L, a Sharp Score that rates your edge, and your tax numbers under every treatment.
These tools are for education and estimation only, not financial or tax advice. Fee estimates use Kalshi’s standard formula and may differ from your actual fees.