
Spread: Toledo (-9.5)
6 of 8 top Polymarket traders hold Toledo (75%) · Toledo at 94¢ · $4K held · ended Nov 12
⚖️
Neutral
Toledo
8
Toledo 75%
$4.0K
$9.39
84.3¢ → 93.5¢
+11% since entry · 6 traders
Research grade
NeutralToledo at 94%
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.
- Favourite (60–95¢)Full year, out of sample: 0.70–0.90 lost −0.9 % a trade (n 26,050, 95 % CI −1.5 to −0.3): the least bad band, still a loss. The Oct 22 backtest's +0.4 % (n 4,327) was not confirmed.
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
6 of 8 top traders (75%)2 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Flat
+0 pts consensus
Breadth
6 traders
Top 2 hold 60%
Freshness
Fresh
0h old
Flip Quality
Clean
0 consensus flips
75% of non-arb traders are on Toledo. Concentration is driven by the top two positions owning 60% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
0X 0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872 | Toledoavg 77.6¢ | $1.0K | $1.2K | +$199.62 | 55% 719-584 (1303) |
38 38791873984189 | Toledoavg 88.1¢ | $1.1K | $1.0K | -$40.81 | 48% 1430-1573 (3003) |
CI cigarettes | Toledoavg 88¢ | $871.2 | $920.7 | +$49.5 | 53% 5821-5182 (11003) |
![]() alpheclabs2 | Toledoavg 88¢ | $452.32 | $478.02 | +$25.7 | 44% 124-159 (283) |
65 6512395314597884CTR | UMassavg 13.6¢ | $488.46 | $268.95 | -$219.51 | 50% 3301-3258 (6559) |
PA Pan9X<$100 | Toledoavg 74.8¢ | $68.83 | $85.56 | +$16.73 | 49% 693-734 (1427) |
CM cm2897<$100 | Toledoavg 77¢ | $7.7 | $9.35 | +$1.65 | 49% 1112-1143 (2255) |
PR primmCTR<$100 | UMassavg 40¢ | $31.33 | $7.83 | -$23.5 | 61% 870-566 (1436) |
Invested
$1,026.53
Value
$1.2K
PnL
+$199.62
Record
55%
719-584 (1303)
Invested
$1,078.09
Value
$1.0K
PnL
-$40.81
Record
48%
1430-1573 (3003)
Invested
$871.2
Value
$920.7
PnL
+$49.5
Record
53%
5821-5182 (11003)
alpheclabs2Invested
$452.32
Value
$478.02
PnL
+$25.7
Record
44%
124-159 (283)
Invested
$488.46
Value
$268.95
PnL
-$219.51
Record
50%
3301-3258 (6559)
Invested
$68.83
Value
$85.56
PnL
+$16.73
Record
49%
693-734 (1427)
Invested
$7.7
Value
$9.35
PnL
+$1.65
Record
49%
1112-1143 (2255)
Invested
$31.33
Value
$7.83
PnL
-$23.5
Record
61%
870-566 (1436)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
93.5¢ price + 1.0¢ spread + 0.3¢ 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
0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872
Toledo — $1.2K
38791873984189
Toledo — $1.0K
cigarettes
Toledo — $920.7

alpheclabs2
Toledo — $478.02
6512395314597884
CTRUMass — $268.95
Pan9X
Toledo — $85.56
cm2897
Toledo — $9.35
primm
CTRUMass — $7.83