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Spread: New Zealand (-2.5)

5 of 9 top Polymarket traders hold New Zealand (56%) · New Zealand at 73¢ · $495 held · ended Nov 12

New Zealand73¢India27¢Ended Thu, Nov 12, 2026View on Polymarket
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Neutral

New Zealand

Consensus Traders

9

New Zealand 56%

1 arb excluded

Total Value

$494.82

Combined PnL

$88.8

Smart Money Entry

41.5¢ → 73¢

+76% since entry · 5 traders

Research grade

NeutralNew Zealand at 73%

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

New Zealand

5 of 9 top traders (56%)1 arbitrage trader dimmed4 hold an outcome priced under 50%8 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

New Zealand73%
India27%

Smart Money Breakdown by Outcome

New Zealand5 traders
Total Value$319.33
Total Shares509
Combined PnL+$88.39
India4 traders
Total Value$41.19
Total Shares78
Combined PnL+$0.41
New Zealand — 56%India — 44%

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EV Calculator

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

Break-even chance75.0%

73.0¢ price + 1.0¢ spread + 1.0¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$33.40
Max Loss
-$100.00
Shares
133.4

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
0x7bba4c51...c0090d
Slug
fif-nzl-ind-2026-11-12-spread-home-2pt5
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