Smart money holds the underdog side
Most tracked traders hold Up, while the market favors Down (100%). 4 of 8 traders hold an outcome priced under 50%.
Historically, consensus on sides priced under 40¢ lost money after costs.

Ethereum Up or Down - November 6, 9:20PM-9:25PM ET
4 of 8 top Polymarket traders hold Up (50%) · Up at 0.1¢ · $86 held · ended Nov 7
⚠️
Avoid
Up
8
Up 50%
$85.86
-$3.44
Research grade
AvoidUp at 0%
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.
- 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
4 of 8 top traders (50%)Underdog side (market favors Down 100%)4 hold an outcome priced under 50%8 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
PL ply-pm2CTR<$100 | Upavg 34.3¢ | $28.22 | $35.09 | +$6.87 | 51% 10575-10032 (20607) |
AS asdcaxz<$100 | Downavg 68.9¢ | $41.32 | $30 | -$11.32 | 48% 6593-7284 (13877) |
AS asidjasiodja<$100 | Downavg 98.1¢ | $5.89 | $5.85 | -$0.04 | 61% 98632-62636 (161268) |
BL blue.birdsCTR<$100 | Upavg 12.7¢ | $1.27 | $5 | +$3.73 | 51% 12116-11612 (23728) |
DR drfc4eybh7i8<$100 | Downavg 89.7¢ | $4.53 | $4.47 | -$0.06 | 65% 130321-70183 (200504) |
PB PBot-5CTR<$100 | Upavg 53.7¢ | $2.82 | $2.63 | -$0.2 | 52% 12342-11390 (23732) |
![]() G-Penis-Monster<$100 | Downavg 81.1¢ | $2.94 | $1.81 | -$1.13 | 61% 46115-29290 (75405) |
![]() pspspsps5CTR<$100 | Upavg 8¢ | $2.29 | $1.01 | -$1.29 | 45% 40136-48079 (88215) |
Invested
$28.22
Value
$35.09
PnL
+$6.87
Record
51%
10575-10032 (20607)
Invested
$41.32
Value
$30
PnL
-$11.32
Record
48%
6593-7284 (13877)
Invested
$5.89
Value
$5.85
PnL
-$0.04
Record
61%
98632-62636 (161268)
Invested
$1.27
Value
$5
PnL
+$3.73
Record
51%
12116-11612 (23728)
Invested
$4.53
Value
$4.47
PnL
-$0.06
Record
65%
130321-70183 (200504)
Invested
$2.82
Value
$2.63
PnL
-$0.2
Record
52%
12342-11390 (23732)
G-Penis-Monster<$100Invested
$2.94
Value
$1.81
PnL
-$1.13
Record
61%
46115-29290 (75405)
pspspsps5CTR<$100Invested
$2.29
Value
$1.01
PnL
-$1.29
Record
45%
40136-48079 (88215)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
0.1¢ price + 1.0¢ spread + 0.1¢ fee (Crypto 7%). 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.