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Spread: Heat (-9.5)

5 of 12 top Polymarket traders hold Heat (42%) · Heat at 53¢ · $32K held · ends Nov 9

Heat53¢Kings47¢Ends Mon, Nov 9, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Heat

Consensus Traders

12

Heat 42%

Total Value

$31.9K

Combined PnL

$12.49

Smart Money Entry

52.9¢ → 52.5¢

-1% since entry · 5 traders

Research grade

AvoidHeat at 53%

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

5 of 12 top traders (42%)7 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Heat53%
Kings48%

Smart Money Breakdown by Outcome

Heat5 traders
Total Value$17.7K
Total Shares33,620
Combined PnL-$140.08
Kings7 traders
Total Value$14.2K
Total Shares29,877
Combined PnL+$152.57
Heat — 42%Kings — 58%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

5 traders

Top 2 hold 100%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

42% of non-arb traders are on Heat. Concentration is driven by the top two positions owning 100% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleHeat 50% · 4
Aligned
ctrKings 78% · 9
Diverging
Top 1000Kings 58% · 12
Diverging

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EV Calculator

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

Break-even chance54.7%

52.5¢ 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
+$82.67
Max Loss
-$100.00
Shares
182.7

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
0xb34d5e65...7da0c8
Slug
nba-mia-sac-2026-11-08-spread-away-9pt5
Trade on Polymarket