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Spread: Hawks (-4.5)

2 of 6 top Polymarket traders hold Heat (33%) · Heat at 59¢ · $579 held · ends Oct 28

Hawks42¢Heat58¢Ends Wed, Oct 28, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Heat

Consensus Traders

6

Heat 33%

Total Value

$579.1

Combined PnL

-$7.49

Smart Money Entry

57.5¢ → 58.5¢

+2% since entry · 2 traders

Research grade

AvoidHeat at 59%

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 50–60¢Full year, out of sample: 0.50–0.70 lost −2.9 % a trade (n 23,546, 95 % CI −3.9 to −1.9).

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 6 top traders (33%)4 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity
Loading chart data…

Outcome Probabilities

Hawks42%
Heat59%

Smart Money Breakdown by Outcome

Heat2 traders
Total Value$362.05
Total Shares658
Combined PnL-$16.34
Hawks4 traders
Total Value$217.04
Total Shares482
Combined PnL+$8.86
Heat — 33%Hawks — 67%

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EV Calculator

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

Break-even chance60.7%

58.5¢ 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
+$64.73
Max Loss
-$100.00
Shares
164.7

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
0xa6a98e58...bf90cf
Slug
nba-mia-atl-2026-10-28-spread-home-4pt5
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