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Smart money holds the underdog side

Most tracked traders hold Team Liquid, while the market favors LEGION (70%). 4 of 9 traders hold an outcome priced under 50%.

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

Game Handicap: Liquid (-1.5) vs LEGION (+1.5)

4 of 9 top Polymarket traders hold Team Liquid (44%) · Team Liquid at 31¢ · $7K held · ends Nov 14

Team Liquid31¢LEGION69¢Ends Sat, Nov 14, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Team Liquid

Consensus Traders

9

Team Liquid 44%

1 arb excluded

Total Value

$7.5K

Combined PnL

$1.4K

Smart Money Entry

59.1¢ → 30.5¢

-48% since entry · 4 traders

Research grade

NeutralTeam Liquid at 31%

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

Team Liquid

4 of 9 top traders (44%)Underdog side (market favors LEGION 70%)1 arbitrage trader dimmed4 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Team Liquid31%
LEGION70%

Smart Money Breakdown by Outcome

LEGION5 traders
Total Value$4.3K
Total Shares6,923
Combined PnL+$1.4K
Team Liquid4 traders
Total Value$3.1K
Total Shares4,955
Combined PnL-$38.22
LEGION — 56%Team Liquid — 44%

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EV Calculator

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

Break-even chance32.6%

30.5¢ price + 1.0¢ spread + 1.1¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$206.95
Max Loss
-$100.00
Shares
306.9

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
0xa54719b0...822836
Slug
dota2-liquid-legion1-2026-11-13-game-handicap-away-1pt5
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