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Spread: Nigeria (-2.5)

4 of 12 top Polymarket traders hold Tanzania (33%) · Tanzania at 59¢ · $3K held · ended Nov 13

Nigeria41¢Tanzania59¢Ended Fri, Nov 13, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Tanzania

Consensus Traders

12

Tanzania 33%

1 arb excluded

Total Value

$3.1K

Combined PnL

-$90.81

Smart Money Entry

53.7¢ → 59¢

+10% since entry · 4 traders

Research grade

NeutralTanzania at 59%

No measured edge, which here means a loss: the plain consensus (5+ holders, 60 %+, held to resolution) lost −3.0 % a trade after costs out of sample in the full-year test (n 86,296, 95 % CI −3.6 to −2.4 %).

  • Spread or totalOct 22 backtest: spreads and totals −14.5 % a trade in spring (95 % CI −27 to −1), +1.5 % in October: no edge.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.
  • Side priced 50–60¢Full year, out of sample: 0.50–0.70 lost −2.9 % a trade (n 23,546, 95 % CI −3.9 to −1.9).

The rules come from our Oct 22 2026 backtest (one entry per market, held to resolution, after a 1¢ half-spread and Polymarket's taker fees). Our full-year test without hindsight (Oct 26 2026) found none of them profitable out of sample, and the plain consensus lost −3.0 % a trade. The grade describes the market; it is not a forecast, not an edge and not advice.

Smart Money Signal

Tanzania

4 of 12 top traders (33%)1 arbitrage trader dimmed8 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Nigeria41%
Tanzania59%

Smart Money Breakdown by Outcome

Nigeria8 traders
Total Value$1.4K
Total Shares2,842
Combined PnL-$17.43
Tanzania4 traders
Total Value$1.6K
Total Shares3,191
Combined PnL-$73.38
Nigeria — 67%Tanzania — 33%

Signal Intelligence

Momentum

Surging

-2 pts consensus

Breadth

4 traders

Top 2 hold 83%

Freshness

Fresh

2h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

31% of non-arb traders are on Tanzania. Concentration is driven by the top two positions owning 83% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrNigeria 60% · 10
Diverging
Hand-pickedNigeria 100% · 1
Diverging
Top 1000Nigeria 67% · 12
Diverging

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EV Calculator

Consensus % is how many tracked traders hold a side, not a win probability.

Break-even chance61.2%

59.0¢ price + 1.0¢ spread + 1.2¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$63.40
Max Loss
-$100.00
Shares
163.4

A market order pays the taker fee and crosses the spread (assumed 1.0¢); a limit order pays no fee but may not fill. The fee category is a guess from the title.

Market Info

Condition ID
0x48c61038...6f5bed
Slug
afcq-nig-tan-2026-11-13-spread-home-2pt5
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