Smart money holds the underdog side
Most tracked traders hold Maryland, while the market favors Wisconsin (51%). 5 of 9 traders hold an outcome priced under 50%.

Spread: Wisconsin (-16.5)
5 of 9 top Polymarket traders hold Maryland (56%) · Maryland at 50¢ · $2K held · ended Nov 14
⚖️
Neutral
Maryland
9
Maryland 56%
$2.1K
-$4.74
53.1¢ → 49.5¢
-7% since entry · 5 traders
Research grade
NeutralMaryland at 50%
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 30–50¢Full year, out of sample: 0.30–0.50 lost −4.8 % a trade (n 16,830, 95 % CI −6.6 to −3.1), worse than the plain consensus.
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
5 of 9 top traders (56%)Underdog side (market favors Wisconsin 51%)5 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Flat
+0 pts consensus
Breadth
5 traders
Top 2 hold 98%
Freshness
Fresh
0h old
Flip Quality
Clean
0 consensus flips
56% of non-arb traders are on Maryland. Concentration is driven by the top two positions owning 98% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
JU justaluckydudeCTR | Marylandavg 48.6¢ | $696.38 | $666.22 | -$30.15 | 47% 540-597 (1137) |
MA MadridTime | Wisconsinavg 32.3¢ | $311.3 | $515.16 | +$203.86 | 37% 985-1642 (2627) |
KE keeptheblueflagflyinghigh | Wisconsinavg 51.5¢ | $454.61 | $472.27 | +$17.65 | 50% 2532-2495 (5027) |
38 38791873984189CTR | Marylandavg 61.3¢ | $464.39 | $352.2 | -$112.19 | 48% 3231-3545 (6776) |
LI LightParadox<$100 | Wisconsinavg 33¢ | $40.02 | $61.85 | +$21.83 | 37% 977-1669 (2646) |
PA Pan9XCTR<$100 | Marylandavg 68¢ | $54.52 | $10.54 | -$8.99 | 50% 1593-1619 (3212) |
GH ghorrockCTR<$100 | Marylandavg 67¢ | $6.75 | $4.9 | -$1.85 | 53% 1809-1607 (3416) |
65 6512395314597884<$100 | Wisconsinavg 52¢ | $3.16 | $3.25 | +$0.09 | 50% 3807-3775 (7582) |
0X 0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872CTR | Marylandavg 68¢ | $595 | $2 | -$95 | 55% 1630-1336 (2966) |
Invested
$696.38
Value
$666.22
PnL
-$30.15
Record
47%
540-597 (1137)
Invested
$311.3
Value
$515.16
PnL
+$203.86
Record
37%
985-1642 (2627)
Invested
$454.61
Value
$472.27
PnL
+$17.65
Record
50%
2532-2495 (5027)
Invested
$464.39
Value
$352.2
PnL
-$112.19
Record
48%
3231-3545 (6776)
Invested
$40.02
Value
$61.85
PnL
+$21.83
Record
37%
977-1669 (2646)
Invested
$54.52
Value
$10.54
PnL
-$8.99
Record
50%
1593-1619 (3212)
Invested
$6.75
Value
$4.9
PnL
-$1.85
Record
53%
1809-1607 (3416)
Invested
$3.16
Value
$3.25
PnL
+$0.09
Record
50%
3807-3775 (7582)
Invested
$595
Value
$2
PnL
-$95
Record
55%
1630-1336 (2966)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
49.5¢ 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
justaluckydude
CTRMaryland — $666.22
MadridTime
Wisconsin — $515.16
keeptheblueflagflyinghigh
Wisconsin — $472.27
38791873984189
CTRMaryland — $352.2
LightParadox
Wisconsin — $61.85
Pan9X
CTRMaryland — $10.54
ghorrock
CTRMaryland — $4.9
6512395314597884
Wisconsin — $3.25
0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872
CTRMaryland — $2