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Spread: Cuba (-3.5)

4 of 10 top Polymarket traders hold Bonaire (40%) · Bonaire at 81¢ · $5K held · ends Nov 12

Cuba19¢Bonaire81¢Ends Thu, Nov 12, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Bonaire

Consensus Traders

10

Bonaire 40%

Total Value

$5.1K

Combined PnL

$248.48

Smart Money Entry

65.4¢ → 81¢

+24% since entry · 4 traders

Research grade

NeutralBonaire at 81%

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.
  • 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

Bonaire

4 of 10 top traders (40%)6 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Cuba19%
Bonaire81%

Smart Money Breakdown by Outcome

Bonaire4 traders
Total Value$4.1K
Total Shares4,788
Combined PnL+$424.03
Cuba6 traders
Total Value$969.21
Total Shares3,135
Combined PnL-$175.55
Bonaire — 40%Cuba — 60%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

3 traders

Top 2 hold 93%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

33% of non-arb traders are on Bonaire. Concentration is driven by the top two positions owning 93% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrCuba 60% · 5
Diverging
Top 1000Cuba 67% · 9
Diverging

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EV Calculator

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

Break-even chance82.7%

81.0¢ price + 1.0¢ spread + 0.7¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$20.86
Max Loss
-$100.00
Shares
120.9

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
0x68bd586b...032cdb
Slug
conl-bon-cub-2026-11-12-spread-away-3pt5
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