What is the fee on Kalshi for this market?

At the current typical price of 5¢, about 0¢ per contract (7% × price × (1 − price), rounded up, on orders that take liquidity). On a $50 trade that is about $3.33.

What win rate do I need to break even?

About 5% if you hold to settlement, against a market price of 5%. The gap is the fee.

Markets › Kalshi › Sports

Missouri Valley Conference Tournament on Kalshi

If the Valparaiso men's college basketball team is the 2027 Missouri Valley Conference tournament champion, then the market resolves to Yes.

Settles on: Kalshi using information originating from the NCAA, ESPN, Fox Sports.

Market says (typical open contract)

Median YES price across 11 open contracts, 10 Nov 2026 09:57 UTC.

Real-world odds

—

No independent base rate yet. Until we connect one (sportsbook consensus, forecasts, the score), the market's own price is the best public forecast, and the fee sits on top of it.

Luck needed meter

10% 😈

Mostly decided, says the market. You are paying a fee to collect a few cents the market already agrees on.

The cover charge

Fee and break-even by purchase price
If you buy at	Fee per contract	On $50	Win rate to break even
5¢ (now)	0.3¢	$3.33	5.3%
30¢	1.5¢	$2.45	31.5%
50¢	1.8¢	$1.75	51.7%
70¢	1.5¢	$1.05	71.5%
90¢	0.6¢	$0.35	90.6%

Resting orders pay no fee on this series. Formula: 7% × contracts × price × (1 − price), rounded up, on orders that take liquidity. Break-even assumes you hold to settlement; trading out early pays the fee twice.

How long until your balance is $0 in this market? →

Open contracts right now

Open contracts in this series with price, implied probability, volume and close time
Contract	YES price	Implied	Fee at this price	Real-world odds	Luck needed	Volume	Closes
Will Murray St. be the 2027 Missouri Valley Conference tournament champions? · Murray St.	32¢	32%	1.5¢	—	63%	516	Mar 22, 20:00 UTC
Will Southern Illinois be the 2027 Missouri Valley Conference tournament champions? · Southern Illinois	3¢	3%	0.2¢	—	6%	57	Mar 22, 20:00 UTC
Will Valparaiso be the 2027 Missouri Valley Conference tournament champions? · Valparaiso	5¢	5%	0.3¢	—	10%	47	Mar 22, 20:00 UTC
Will Illinois St. be the 2027 Missouri Valley Conference tournament champions? · Illinois St.	14¢	14%	0.8¢	—	28%	31	Mar 22, 20:00 UTC
Will Bradley be the 2027 Missouri Valley Conference tournament champions? · Bradley	3¢	3%	0.2¢	—	6%	27	Mar 22, 20:00 UTC
Will Northern Iowa be the 2027 Missouri Valley Conference tournament champions? · Northern Iowa	4¢	4%	0.2¢	—	7%	0	Mar 22, 20:00 UTC
Will UIC be the 2027 Missouri Valley Conference tournament champions? · UIC	26¢	26%	1.3¢	—	51%	0	Mar 22, 20:00 UTC
Will Indiana St. be the 2027 Missouri Valley Conference tournament champions? · Indiana St.	2¢	2%	0.2¢	—	5%	0	Mar 22, 20:00 UTC
Will Evansville be the 2027 Missouri Valley Conference tournament champions? · Evansville	2¢	2%	0.1¢	—	4%	0	Mar 22, 20:00 UTC
Will Drake be the 2027 Missouri Valley Conference tournament champions? · Drake	5¢	5%	0.3¢	—	10%	0	Mar 22, 20:00 UTC
Will Belmont be the 2027 Missouri Valley Conference tournament champions? · Belmont	8¢	8%	0.5¢	—	15%	0	Mar 22, 20:00 UTC

Who actually wins this market

Whoever posts the resting orders and collects the spread without paying a fee.
The venue, on every fee.
Not, on average, the person clicking buy because the chart is going their way. That was us.

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