Strategy5 min read
How to Read Prediction Market Odds
Odds, probability, spread and volume — explained without jargon.
A YES price of 0.62 means the market believes the event has a ~62% probability. NO trades at the complement (0.38).
The spread between best bid and ask tells you how liquid a market is — tight spreads mean you can enter and exit cheaply.
Volume shows how much capital has actually moved through the market. High volume plus tight spread equals a market you can trust.
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Prediction Markets: The Complete 2026 Guide