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Spread: Heat (-36.5)

2 of 5 top Polymarket traders hold Jazz (40%) · Jazz at 97¢ · $2K held · ended Nov 11

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

⚠️

Avoid

Jazz

Consensus Traders

5

Jazz 40%

Total Value

$1.8K

Combined PnL

$4.9

Smart Money Entry

96.7¢ → 96.7¢

+0% since entry · 2 traders

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

2 of 5 top traders (40%)3 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Heat3%
Jazz97%

Smart Money Breakdown by Outcome

Jazz2 traders
Total Value$1.7K
Total Shares1,786
Combined PnL+$4.76
Heat3 traders
Total Value$22.29
Total Shares583
Combined PnL+$0.14
Jazz — 40%Heat — 60%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

2 traders

Top 2 hold 100%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

40% of non-arb traders are on Jazz. 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
Hand-pickedHeat 100% · 1
Diverging
Top 1000Heat 60% · 5
Diverging

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EV Calculator

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

Break-even chance97.8%

96.7¢ 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
+$2.24
Max Loss
-$100.00
Shares
102.2

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
0xe37af6dd...96526d
Slug
nba-mia-uta-2026-11-10-spread-away-36pt5
Trade on Polymarket