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Spread: Jacksonville State (-3.5)

2 of 10 top Polymarket traders hold New Mexico State (20%) · New Mexico State at 55¢ · $64K held · ends Oct 29

Jacksonville State46¢New Mexico State54¢Ends Thu, Oct 29, 2026View on Polymarket
SIGNAL

⚖️

Neutral

New Mexico State

Consensus Traders

10

New Mexico State 20%

Total Value

$64.3K

Combined PnL

$-1.3K

Smart Money Entry

54¢ → 54.5¢

+1% since entry · 2 traders

Research grade

NeutralNew Mexico State at 55%

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

New Mexico State

2 of 10 top traders (20%)8 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Jacksonville State46%
New Mexico State55%

Smart Money Breakdown by Outcome

New Mexico State2 traders
Total Value$39.8K
Total Shares75,860
Combined PnL$-1.1K
Jacksonville State8 traders
Total Value$24.5K
Total Shares53,775
Combined PnL-$187.49
New Mexico State — 20%Jacksonville State — 80%

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EV Calculator

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

Break-even chance56.7%

54.5¢ 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
+$76.26
Max Loss
-$100.00
Shares
176.3

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
0x221bf598...5acc4c
Slug
cfb-jaxst-nmxst-2026-10-28-spread-away-3pt5
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