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Spread: Heat (-28.5)

4 of 8 top Polymarket traders hold Jazz (50%) · Jazz at 93¢ · $3K held · ended Nov 11

Heat7¢Jazz93¢Ended Wed, Nov 11, 2026View on Polymarket
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⚠️

Avoid

Jazz

Consensus Traders

8

Jazz 50%

Total Value

$3.3K

Combined PnL

-$275.37

Smart Money Entry

90.7¢ → 93¢

+3% since entry · 4 traders

Research grade

AvoidJazz at 93%

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.
  • Favourite (60–95¢)Full year, out of sample: 0.70–0.90 lost −0.9 % a trade (n 26,050, 95 % CI −1.5 to −0.3): the least bad band, still a loss. The Oct 22 backtest's +0.4 % (n 4,327) was not confirmed.

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

Jazz

4 of 8 top traders (50%)4 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Heat7%
Jazz93%

Smart Money Breakdown by Outcome

Jazz4 traders
Total Value$3.1K
Total Shares3,632
Combined PnL-$234.9
Heat4 traders
Total Value$212.27
Total Shares2,880
Combined PnL-$40.47
Jazz — 50%Heat — 50%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

4 traders

Top 2 hold 69%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationBalanced

67% of non-arb traders are on Jazz. Concentration is driven by the top two positions owning 69% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
The hand-picked list (1 on Heat) and the top 1000 (6 on Jazz) disagree here.
ctrJazz 100% · 1
Aligned
Hand-pickedHeat 100% · 1
Diverging
Top 1000Jazz 67% · 6
Aligned

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EV Calculator

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

Break-even chance94.3%

93.0¢ price + 1.0¢ spread + 0.3¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$6.06
Max Loss
-$100.00
Shares
106.1

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
0xba2cd62a...2373e1
Slug
nba-mia-uta-2026-11-10-spread-away-28pt5
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