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Smart money holds the underdog side

Most tracked traders hold Bayer 04 Leverkusen, while the market favors 1. FC Nürnberg (96%). 2 of 6 traders hold an outcome priced under 50%.

Historically, consensus on sides priced under 40¢ lost money after costs.

Spread: Bayer 04 Leverkusen (-2.5)

2 of 6 top Polymarket traders hold Bayer 04 Leverkusen (33%) · Bayer 04 Leverkusen at 4.0¢ · $14K held · ended Oct 28

Bayer 04 Leverkusen4¢1. FC Nürnberg96¢Ended Wed, Oct 28, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Bayer 04 Leverkusen

Consensus Traders

6

Bayer 04 Leverkusen 33%

Total Value

$13.9K

Combined PnL

$244.42

Smart Money Entry

36.8¢ → 4¢

-89% since entry · 2 traders

Research grade

AvoidBayer 04 Leverkusen at 4%

Matches a pattern that lost clearly more than the plain consensus in our tests.

  • Consensus side under 30¢Full year, out of sample: 0.05–0.30 lost −8.1 % a trade (n 11,568), under 0.20 −20.5 % (n 3,615). Oct 22 backtest: −29.5 % (n 1,625). The strongest effect in every test.
  • 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.

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

Bayer 04 Leverkusen

2 of 6 top traders (33%)Underdog side (market favors 1. FC Nürnberg 96%)2 hold an outcome priced under 50%1 small position dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Bayer 04 Leverkusen4%
1. FC Nürnberg96%

Smart Money Breakdown by Outcome

Bayer 04 Leverkusen2 traders
Total Value$11.0K
Total Shares29,032
Combined PnL+$338.78
1. FC Nürnberg4 traders
Total Value$2.9K
Total Shares4,643
Combined PnL-$94.36
Bayer 04 Leverkusen — 33%1. FC Nürnberg — 67%

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EV Calculator

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

Break-even chance5.2%

4.0¢ price + 1.0¢ spread + 0.2¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$1809.31
Max Loss
-$100.00
Shares
1909.3

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
0xc0dfa9e8...d15f63
Slug
dfb-lev-fcn-2026-10-28-spread-home-2pt5
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