Smart money holds the underdog side
Most tracked traders hold Yes, while the market favors No (68%). 2 of 3 traders hold an outcome priced under 50%.
Historically, consensus on sides priced under 40¢ lost money after costs.

Will the highest temperature in Lucknow be 31°C on October 28?
2 of 3 top Polymarket traders hold Yes (67%) · Yes at 32¢ · $845 held
⚖️
Neutral
Yes
3
Yes 67%
1 arb excluded
$844.57
-$42.06
34.4¢ → 32.4¢
-6% since entry · 2 traders
Research grade
NeutralYes at 32%
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 %).
- Fewer than 5 holdersEvery backtest needed 5+ holders; with fewer 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
2 of 3 top traders (67%)Underdog side (market favors No 68%)1 arbitrage trader dimmed2 hold an outcome priced under 50%1 small position dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
![]() IstarothARB<$100 | Noavg 64.8¢ | $387.29 | $370.64 | -$7.89 | 30% 277-652 (929) |
| └ No leg | Noavg 64.8¢ | $240.08 | $250.54 | +$10.48 | |
| └ Yes leg | Yesavg 37.3¢ | $138.41 | $120.11 | -$18.38 | |
0X 0x65f7226a82e093e5115e47ec2f4f7e733cd28b98CTR | Yesavg 34.2¢ | $1.1K | $321.44 | -$38.77 | 46% 566-656 (1222) |
HE HellYeahTrader | Noavg 70¢ | $145.32 | $140.31 | +$1.01 | 54% 233-196 (429) |
24 241532532432CTR<$100 | Yesavg 40¢ | $16 | $12.18 | -$4.31 | 61% 1550-999 (2549) |
IstarothARB<$100Invested
$387.29
Value
$370.64
PnL
-$7.89
Record
30%
277-652 (929)
Both legs:
Invested
$1,106.9
Value
$321.44
PnL
-$38.77
Record
46%
566-656 (1222)
Invested
$145.32
Value
$140.31
PnL
+$1.01
Record
54%
233-196 (429)
Invested
$16
Value
$12.18
PnL
-$4.31
Record
61%
1550-999 (2549)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
32.4¢ price + 1.0¢ spread + 1.1¢ fee (Other / General 5%). 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.