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Spread: Heat (-34.5)

1 of 6 top Polymarket traders hold Jazz (17%) · Jazz at 97¢ · $2K held · ended Nov 11

Heat3¢Jazz97¢Ended Wed, Nov 11, 2026View on Polymarket
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Avoid

Jazz

Consensus Traders

6

Jazz 17%

Total Value

$2.4K

Combined PnL

-$49.68

Research grade

AvoidJazz at 97%

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.
  • Side priced over 95¢Full year, out of sample: 0.90–0.95 −0.2 % a trade (n 12,989, 95 % CI −0.6 to +0.3); above 95¢ little is left to win and the tests stop at 0.95.
  • 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

Jazz

1 of 6 top traders (17%)5 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Heat3%
Jazz97%

Smart Money Breakdown by Outcome

Jazz1 trader
Total Value$2.4K
Total Shares2,509
Combined PnL-$36.75
Heat5 traders
Total Value$66.15
Total Shares2,061
Combined PnL-$12.93
Jazz — 17%Heat — 83%

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EV Calculator

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

Break-even chance98.1%

97.0¢ price + 1.0¢ spread + 0.1¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$1.89
Max Loss
-$100.00
Shares
101.9

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
0xf25b265b...5d2294
Slug
nba-mia-uta-2026-11-10-spread-away-34pt5
Trade on Polymarket