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Spread: Memphis (-5.5)

3 of 8 top Polymarket traders hold Memphis (38%) · Memphis at 53¢ · $6K held · ends Nov 1

Memphis53¢Army47¢Ends Sun, Nov 1, 2026View on Polymarket
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⚖️

Neutral

Memphis

Consensus Traders

8

Memphis 38%

1 arb excluded

Total Value

$6.3K

Combined PnL

$0.28

Smart Money Entry

52.5¢ → 52.5¢

+0% since entry · 3 traders

Research grade

NeutralMemphis at 53%

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

Memphis

3 of 8 top traders (38%)1 arbitrage trader dimmed5 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Memphis53%
Army48%

Smart Money Breakdown by Outcome

Memphis3 traders
Total Value$3.2K
Total Shares6,070
Combined PnL-$22.4
Army5 traders
Total Value$2.2K
Total Shares4,587
Combined PnL+$22.69
Memphis — 38%Army — 62%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

3 traders

Top 2 hold 93%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

50% of non-arb traders are on Memphis. Concentration is driven by the top two positions owning 93% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleMemphis 100% · 1
Aligned
sharpMemphis 100% · 1
Aligned
ctrMemphis 50% · 4
Aligned
Top 1000Memphis 50% · 6
Aligned

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EV Calculator

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

Break-even chance54.7%

52.5¢ 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
+$82.67
Max Loss
-$100.00
Shares
182.7

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
0x4181898e...251d05
Slug
cfb-army-mphs-2026-10-31-spread-home-5pt5
Trade on Polymarket