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Smart money holds the underdog side

Most tracked traders hold Magic, while the market favors Warriors (69%). 4 of 13 traders hold an outcome priced under 50%.

Historically, consensus on sides priced under 40¢ lost money after costs.

Magic vs. Warriors

4 of 13 top Polymarket traders hold Magic (31%) · Magic at 32¢ · $12K held · ends Nov 8

Magic32¢Warriors68¢Ends Sun, Nov 8, 2026View on Polymarket
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⚠️

Avoid

Magic

Consensus Traders

13

Magic 31%

2 arb excluded

Total Value

$11.6K

Combined PnL

$96.8

Smart Money Entry

31.1¢ → 31.5¢

+1% since entry · 4 traders

Research grade

AvoidMagic at 32%

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.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.
  • Side priced 30–50¢Full year, out of sample: 0.30–0.50 lost −4.8 % a trade (n 16,830, 95 % CI −6.6 to −3.1), worse than the plain consensus.

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

Magic

4 of 13 top traders (31%)Underdog side (market favors Warriors 69%)2 arbitrage traders dimmed4 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic32%
Warriors69%

Smart Money Breakdown by Outcome

Magic4 traders
Total Value$6.6K
Total Shares20,879
Combined PnL+$90.34
Warriors9 traders
Total Value$4.3K
Total Shares6,289
Combined PnL+$6.46
Magic — 31%Warriors — 69%

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EV Calculator

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

Break-even chance33.6%

31.5¢ price + 1.0¢ spread + 1.1¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$197.65
Max Loss
-$100.00
Shares
297.6

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
0x3937bae6...1514e6
Slug
nba-orl-gsw-2026-11-07
Trade on Polymarket