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Spread: Heat (-7.5)

4 of 7 top Polymarket traders hold Heat (57%) · Heat at 52¢ · $576 held · ends Nov 11

Heat52¢Jazz48¢Ends Wed, Nov 11, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Heat

Consensus Traders

7

Heat 57%

Total Value

$576.3

Combined PnL

-$7.14

Smart Money Entry

53.5¢ → 52¢

-3% since entry · 4 traders

Research grade

AvoidHeat at 52%

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

4 of 7 top traders (57%)3 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Heat52%
Jazz48%

Smart Money Breakdown by Outcome

Heat4 traders
Total Value$377.79
Total Shares731
Combined PnL-$13.11
Jazz3 traders
Total Value$198.45
Total Shares438
Combined PnL+$5.98
Heat — 57%Jazz — 43%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

4 traders

Top 2 hold 82%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

57% of non-arb traders are on Heat. Concentration is driven by the top two positions owning 82% 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.
sniperJazz 100% · 1
Diverging
ctrHeat 60% · 5
Aligned
Hand-pickedHeat 100% · 1
Aligned
Top 1000Jazz 50% · 6
Diverging

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EV Calculator

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

Break-even chance54.2%

52.0¢ 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
+$84.35
Max Loss
-$100.00
Shares
184.3

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
0x0a2f65cd...184d3a
Slug
nba-mia-uta-2026-11-10-spread-away-7pt5
Trade on Polymarket