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Smart money holds the underdog side

Most tracked traders hold Heat, while the market favors Hawks (59%). 2 of 5 traders hold an outcome priced under 50%.

Heat vs. Hawks

2 of 5 top Polymarket traders hold Heat (40%) · Heat at 42¢ · $3K held · ends Oct 28

Heat42¢Hawks58¢Ends Wed, Oct 28, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Heat

Consensus Traders

5

Heat 40%

Total Value

$3.3K

Combined PnL

-$28.89

Smart Money Entry

43¢ → 41.5¢

-4% since entry · 2 traders

Research grade

AvoidHeat at 42%

Matches a pattern that lost clearly more than the plain consensus in our tests.

  • 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.
  • 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

Heat

2 of 5 top traders (40%)Underdog side (market favors Hawks 59%)2 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity
Loading chart data…

Outcome Probabilities

Heat42%
Hawks59%

Smart Money Breakdown by Outcome

Heat2 traders
Total Value$1.7K
Total Shares3,931
Combined PnL-$22.15
Hawks3 traders
Total Value$1.6K
Total Shares2,769
Combined PnL-$6.73
Heat — 40%Hawks — 60%

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EV Calculator

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

Break-even chance43.7%

41.5¢ 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
+$128.72
Max Loss
-$100.00
Shares
228.7

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
0xaf2e6af4...7e6515
Slug
nba-mia-atl-2026-10-28
Trade on Polymarket