Smart money holds the underdog side
Most tracked traders hold Heat, while the market favors Kings (74%). 6 of 13 traders hold an outcome priced under 50%.
Historically, consensus on sides priced under 40¢ lost money after costs.

Spread: Heat (-12.5)
6 of 13 top Polymarket traders hold Heat (46%) · Heat at 27¢ · $10K held · ends Nov 9
⚠️
Avoid
Heat
13
Heat 46%
4 arb excluded
$10.2K
$-1.6K
46.3¢ → 26.5¢
-43% since entry · 6 traders
Research grade
AvoidHeat at 27%
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
6 of 13 top traders (46%)Underdog side (market favors Kings 74%)4 arbitrage traders dimmed6 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
0X 0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872ARB<$100 | Kingsavg 59.4¢ | $2.7K | $2.6K | -$143.79 | 57% 17059-13038 (30097) |
| └ Kings leg | Kingsavg 59.4¢ | $1.6K | $2.0K | +$356.22 | |
| └ Heat leg | Heatavg 50.7¢ | $1.1K | $593.28 | -$500.02 | |
LI LimousinCTR | Heatavg 47.8¢ | $3.7K | $2.1K | $-1.7K | 49% 2223-2352 (4575) |
FL FlaznorpARB<$100 | Kingsavg 43.1¢ | $1.4K | $1.8K | +$403.11 | 52% 47368-44608 (91976) |
| └ Kings leg | Kingsavg 43.1¢ | $832.93 | $1.4K | +$586.48 | |
| └ Heat leg | Heatavg 39.6¢ | $554.3 | $370.93 | -$183.37 | |
65 6512395314597884ARB<$100 | Heatavg 55.9¢ | $1.0K | $772.12 | -$233.12 | 51% 5685-5538 (11223) |
| └ Kings leg | Kingsavg 65.8¢ | $459.52 | $513.31 | +$53.79 | |
| └ Heat leg | Heatavg 55.9¢ | $545.72 | $258.81 | -$286.91 | |
![]() RN1ARB<$100 | Kingsavg 55¢ | $658.12 | $613.37 | -$44.75 | 53% 70249-61821 (132070) |
| └ Kings leg | Kingsavg 55¢ | $346.2 | $361.9 | +$15.69 | |
| └ Heat leg | Heatavg 52.7¢ | $311.92 | $251.48 | -$60.44 | |
0X 0x9b11866433281ade9f2811dbde8acdefc45f5375 | Kingsavg 63¢ | $818.37 | $587.56 | -$84.4 | 50% 5216-5115 (10331) |
LI LightParadox | Kingsavg 49.8¢ | $323.22 | $476.34 | +$153.12 | 47% 2157-2403 (4560) |
OM omnibus-076daa | Kingsavg 48¢ | $291.54 | $361.39 | +$69.85 | 50% 23496-23498 (46994) |
BI biying88888CTR | Heatavg 42.1¢ | $358.33 | $225.78 | -$132.55 | 47% 242-270 (512) |
38 38791873984189 | Kingsavg 43.1¢ | $94.84 | $153.66 | +$64.76 | 48% 70301-75984 (146285) |
MU Multicoloured-Serf | Kingsavg 53¢ | $116.21 | $128.26 | +$12.06 | 48% 521-567 (1088) |
TA takeormakeCTR | Heatavg 38.4¢ | $157.59 | $119.55 | -$38.04 | 52% 5562-5184 (10746) |
A4 0xa466...1c77CTR<$100 | Heatavg 32.1¢ | $73.76 | $95.45 | +$21.69 | — |
VE VenusianCTR | Heatavg 42.2¢ | $139.72 | $87.81 | -$51.92 | 47% 2189-2445 (4634) |
KE keeptheblueflagflyinghigh<$100 | Kingsavg 47¢ | $52.41 | $66.34 | +$13.94 | 46% 2028-2381 (4409) |
PA Pan9X<$100 | Kingsavg 40.7¢ | $25.66 | $31.61 | +$16.75 | 52% 27288-24794 (52082) |
MA MadridTimeCTR<$100 | Heatavg 45.2¢ | $10.29 | $9.44 | -$0.85 | 47% 2148-2414 (4562) |
Invested
$2,715.88
Value
$2.6K
PnL
-$143.79
Record
57%
17059-13038 (30097)
Both legs:
Invested
$3,717.44
Value
$2.1K
PnL
$-1.7K
Record
49%
2223-2352 (4575)
Invested
$1,387.23
Value
$1.8K
PnL
+$403.11
Record
52%
47368-44608 (91976)
Both legs:
Invested
$1,005.24
Value
$772.12
PnL
-$233.12
Record
51%
5685-5538 (11223)
Both legs:
RN1ARB<$100Invested
$658.12
Value
$613.37
PnL
-$44.75
Record
53%
70249-61821 (132070)
Both legs:
Invested
$818.37
Value
$587.56
PnL
-$84.4
Record
50%
5216-5115 (10331)
Invested
$323.22
Value
$476.34
PnL
+$153.12
Record
47%
2157-2403 (4560)
Invested
$291.54
Value
$361.39
PnL
+$69.85
Record
50%
23496-23498 (46994)
Invested
$358.33
Value
$225.78
PnL
-$132.55
Record
47%
242-270 (512)
Invested
$94.84
Value
$153.66
PnL
+$64.76
Record
48%
70301-75984 (146285)
Invested
$116.21
Value
$128.26
PnL
+$12.06
Record
48%
521-567 (1088)
Invested
$157.59
Value
$119.55
PnL
-$38.04
Record
52%
5562-5184 (10746)
Invested
$73.76
Value
$95.45
PnL
+$21.69
Record
—
Invested
$139.72
Value
$87.81
PnL
-$51.92
Record
47%
2189-2445 (4634)
Invested
$52.41
Value
$66.34
PnL
+$13.94
Record
46%
2028-2381 (4409)
Invested
$25.66
Value
$31.61
PnL
+$16.75
Record
52%
27288-24794 (52082)
Invested
$10.29
Value
$9.44
PnL
-$0.85
Record
47%
2148-2414 (4562)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
26.5¢ price + 1.0¢ spread + 1.0¢ fee (Sports 5%). Win more often than this and the bet pays.
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
Traders in this Market
0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872
ARBArbitrage — excluded
Limousin
CTRHeat — $2.1K
Flaznorp
ARBArbitrage — excluded
6512395314597884
ARBArbitrage — excluded

RN1
ARBArbitrage — excluded
0x9b11866433281ade9f2811dbde8acdefc45f5375
Kings — $587.56
LightParadox
Kings — $476.34
omnibus-076daa
Kings — $361.39
biying88888
CTRHeat — $225.78
38791873984189
Kings — $153.66