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Smart money holds the underdog side

Most tracked traders hold Over, while the market favors Under (52%). 2 of 11 traders hold an outcome priced under 50%.

Cesena FC vs. Empoli FC: O/U 2.5

2 of 11 top Polymarket traders hold Over (18%) · Over at 49¢ · $12K held · ended Oct 27

Over49¢Under51¢Ended Tue, Oct 27, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Over

Consensus Traders

11

Over 18%

1 arb excluded

Total Value

$11.6K

Combined PnL

$93.1

Smart Money Entry

48.3¢ → 48.5¢

+0% since entry · 2 traders

Research grade

NeutralOver at 49%

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

Over

2 of 11 top traders (18%)Underdog side (market favors Under 52%)1 arbitrage trader dimmed2 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Over49%
Under52%

Smart Money Breakdown by Outcome

Over2 traders
Total Value$5.1K
Total Shares10,106
Combined PnL+$218.12
Under9 traders
Total Value$4.2K
Total Shares8,220
Combined PnL-$125.03
Over — 18%Under — 82%

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EV Calculator

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

Break-even chance50.7%

48.5¢ price + 1.0¢ spread + 1.2¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$97.04
Max Loss
-$100.00
Shares
197.0

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
0x9f7e4c73...7e3b2d
Slug
itsb-ces-emp-2026-10-27-total-2pt5
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