# Market Odds

## Price vs Probability

The price of a share equals the probability of the market resolving to this outcome. If Yes shares in a market are trading at 45c, it simply means the market participants currently believe there is 45% probability of market being resolved to Yes and 55% chance for the market to be resolved to No.&#x20;

{% hint style="info" %}
The prices of the Yes and No tokens may not exactly sum to one because of the bid-ask spread.
{% endhint %}


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