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Smart money holds the underdog side

Most tracked traders hold Hawks, while the market favors Heat (56%). 3 of 7 traders hold an outcome priced under 50%.

Spread: Heat (-6.5)

3 of 7 top Polymarket traders hold Hawks (43%) · Hawks at 44¢ · $7K held · ended Oct 28

Heat56¢Hawks44¢Ended Wed, Oct 28, 2026View on Polymarket
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⚠️

Avoid

Hawks

Consensus Traders

7

Hawks 43%

3 arb excluded

Total Value

$7.2K

Combined PnL

-$79.28

Smart Money Entry

42.5¢ → 44¢

+4% since entry · 3 traders

Research grade

AvoidHawks at 44%

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.
  • 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

Hawks

3 of 7 top traders (43%)Underdog side (market favors Heat 56%)3 arbitrage traders dimmed3 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Heat56%
Hawks44%

Smart Money Breakdown by Outcome

Hawks3 traders
Total Value$720.63
Total Shares1,858
Combined PnL-$68.35
Heat4 traders
Total Value$224.94
Total Shares399
Combined PnL-$10.93
Hawks — 43%Heat — 57%

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EV Calculator

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

Break-even chance46.2%

44.0¢ 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
+$116.27
Max Loss
-$100.00
Shares
216.3

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
0x0ed19f51...6109ca
Slug
nba-mia-atl-2026-10-28-spread-away-6pt5
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