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Spread: Heat (-9.5)

3 of 5 top Polymarket traders hold Jazz (60%) · Jazz at 53¢ · $232 held · ends Nov 11

Heat48¢Jazz52¢Ends Wed, Nov 11, 2026View on Polymarket
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⚠️

Avoid

Jazz

Consensus Traders

5

Jazz 60%

Total Value

$231.73

Combined PnL

-$0.13

Smart Money Entry

52¢ → 52.5¢

+1% since entry · 3 traders

Research grade

AvoidJazz 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.
  • 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

Jazz

3 of 5 top traders (60%)2 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Heat48%
Jazz53%

Smart Money Breakdown by Outcome

Jazz3 traders
Total Value$209.65
Total Shares403
Combined PnL+$0.16
Heat2 traders
Total Value$22.08
Total Shares47
Combined PnL-$0.29
Jazz — 60%Heat — 40%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

3 traders

Top 2 hold 99%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

60% of non-arb traders are on Jazz. Concentration is driven by the top two positions owning 99% 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 (4 on Jazz) disagree here.
ctrJazz 75% · 4
Aligned
Hand-pickedHeat 100% · 1
Diverging
Top 1000Jazz 75% · 4
Aligned

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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
0x845a69ce...35e09d
Slug
nba-mia-uta-2026-11-10-spread-away-9pt5
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