
Spread: Texas (-2.5)
4 of 8 top Polymarket traders hold Texas (50%) · Texas at 52¢ · $8K held · ends Nov 7
⚖️
Neutral
Texas
8
Texas 50%
2 arb excluded
$7.6K
$24.44
51.3¢ → 51.5¢
+0% since entry · 4 traders
Research grade
NeutralTexas at 52%
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
4 of 8 top traders (50%)2 arbitrage traders dimmed4 hold an outcome priced under 50%1 small position dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Cooling
-7 pts consensus
Breadth
4 traders
Top 2 hold 91%
Freshness
Late
114h old
Flip Quality
Choppy
3 consensus flips
50% of non-arb traders are on Texas. Concentration is driven by the top two positions owning 91% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
HO HomeRunHazard | Texasavg 51¢ | $3.7K | $3.8K | +$72.31 | 54% 18472-15543 (34015) |
IC ic4creamCTR | Missouriavg 50.9¢ | $1.4K | $1.3K | -$44.5 | 56% 2788-2199 (4987) |
SN SnakeBallARB<$100 | Texasavg 50¢ | $733.42 | $749.53 | +$16.68 | 51% 38190-37427 (75617) |
| └ Texas leg | Texasavg 50¢ | $402.52 | $418.62 | +$20.13 | |
| └ Missouri leg | Missouriavg 48¢ | $330.9 | $330.9 | -$3.45 | |
![]() nigiri99 | Texasavg 52¢ | $496.08 | $491.31 | -$4.77 | 46% 8764-10458 (19222) |
0X 0xb4F978BE63cDF75554b0B46a4262a6dB597cc9A7-1779258330186 | Texasavg 52.7¢ | $408.83 | $403.03 | +$3.88 | 47% 532-610 (1142) |
38 38791873984189ARB<$100 | Texasavg 50.6¢ | $1.5K | $290.9 | +$40.79 | 48% 62379-67237 (129616) |
| └ Texas leg | Texasavg 50.6¢ | $168.42 | $171.51 | +$25.88 | |
| └ Missouri leg | Missouriavg 47.6¢ | $117.05 | $119.38 | +$14.9 | |
![]() RollAwayTheDew | Texasavg 52¢ | $259.88 | $259.88 | -$2.5 | 54% 540-457 (997) |
NM NM-PCTR | Missouriavg 48¢ | $168 | $168 | +$0 | 64% 10178-5715 (15893) |
SE sentrioCTR | Missouriavg 48¢ | $161.4 | $161.4 | +$0 | 50% 26383-26006 (52389) |
GH ghorrockCTR<$100 | Missouriavg 48.6¢ | $16.18 | $16.19 | +$0.02 | 58% 21678-15777 (37455) |
Invested
$3,687.81
Value
$3.8K
PnL
+$72.31
Record
54%
18472-15543 (34015)
Invested
$1,403.9
Value
$1.3K
PnL
-$44.5
Record
56%
2788-2199 (4987)
Invested
$733.42
Value
$749.53
PnL
+$16.68
Record
51%
38190-37427 (75617)
Both legs:
nigiri99Invested
$496.08
Value
$491.31
PnL
-$4.77
Record
46%
8764-10458 (19222)
Invested
$408.83
Value
$403.03
PnL
+$3.88
Record
47%
532-610 (1142)
Invested
$1,534.78
Value
$290.9
PnL
+$40.79
Record
48%
62379-67237 (129616)
Both legs:
RollAwayTheDewInvested
$259.88
Value
$259.88
PnL
-$2.5
Record
54%
540-457 (997)
Invested
$168
Value
$168
PnL
+$0
Record
64%
10178-5715 (15893)
Invested
$161.4
Value
$161.4
PnL
+$0
Record
50%
26383-26006 (52389)
Invested
$16.18
Value
$16.19
PnL
+$0.02
Record
58%
21678-15777 (37455)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
51.5¢ price + 1.0¢ spread + 1.2¢ fee (Sports 5%). Win more often than this and the bet pays.
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
Traders in this Market
HomeRunHazard
Texas — $3.8K
ic4cream
CTRMissouri — $1.3K
SnakeBall
ARBArbitrage — excluded

nigiri99
Texas — $491.31
0xb4F978BE63cDF75554b0B46a4262a6dB597cc9A7-1779258330186
Texas — $403.03
38791873984189
ARBArbitrage — excluded

RollAwayTheDew
Texas — $259.88
NM-P
CTRMissouri — $168
sentrio
CTRMissouri — $161.4
ghorrock
CTRMissouri — $16.19