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Spread: Nebraska (-8.5)

2 of 5 top Polymarket traders hold Washington (40%) · Washington at 53¢ · $3K held · ends Nov 1

Nebraska48¢Washington52¢Ends Sun, Nov 1, 2026View on Polymarket
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⚖️

Neutral

Washington

Consensus Traders

5

Washington 40%

Total Value

$2.6K

Combined PnL

-$42.91

Smart Money Entry

54¢ → 52.5¢

-3% since entry · 2 traders

Research grade

NeutralWashington 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

Washington

2 of 5 top traders (40%)3 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Nebraska48%
Washington53%

Smart Money Breakdown by Outcome

Washington2 traders
Total Value$2.1K
Total Shares4,003
Combined PnL-$57.43
Nebraska3 traders
Total Value$456.68
Total Shares963
Combined PnL+$14.51
Washington — 40%Nebraska — 60%

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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
0x0c6570a2...e6eec6
Slug
cfb-wash-nebr-2026-10-31-spread-home-8pt5
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