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Smart money holds the underdog side

Most tracked traders hold Over, while the market favors Under (85%). 3 of 11 traders hold an outcome priced under 50%.

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

Hornets vs. Wizards: O/U 213.5

3 of 11 top Polymarket traders hold Over (27%) · Over at 15¢ · $3K held · ended Oct 30

Over15¢Under85¢Ended Fri, Oct 30, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Over

Consensus Traders

11

Over 27%

1 arb excluded

Total Value

$3.0K

Combined PnL

-$744.65

Smart Money Entry

48.4¢ → 15¢

-69% since entry · 3 traders

Research grade

AvoidOver at 15%

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.
  • BasketballFull year, out of sample: basketball lost −4.8 % a trade (n 1,747, 95 % CI −9.2 to +0.3); Oct 22 backtest: −12.0 % and −9.2 % in its two windows.
  • 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.

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

3 of 11 top traders (27%)Underdog side (market favors Under 85%)1 arbitrage trader dimmed3 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Over15%
Under85%

Smart Money Breakdown by Outcome

Under8 traders
Total Value$1.4K
Total Shares2,807
Combined PnL-$25.08
Over3 traders
Total Value$1.3K
Total Shares4,166
Combined PnL-$719.57
Under — 73%Over — 27%

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EV Calculator

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

Break-even chance16.7%

15.0¢ price + 1.0¢ spread + 0.7¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$499.81
Max Loss
-$100.00
Shares
599.8

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
0xe3c22bd5...978013
Slug
nba-cha-was-2026-10-30-total-213pt5
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