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Spread: Magic (-4.5)

4 of 8 top Polymarket traders hold Knicks (50%) · Knicks at 88¢ · $3K held · ended Oct 25

Magic12¢Knicks88¢Ended Sun, Oct 25, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Knicks

Consensus Traders

8

Knicks 50%

Total Value

$2.9K

Combined PnL

-$386.58

Smart Money Entry

76.1¢ → 88¢

+16% since entry · 4 traders

Research grade

AvoidKnicks at 88%

Matches a pattern that lost clearly more than the trading costs in the backtests.

  • BasketballBasketball lost in both windows: −12.0 % a trade in spring (95 % CI −22 to −2), −9.2 % in October.
  • Spread or totalSpreads 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.
  • Favourite (60–95¢)0.70–0.90 was about break-even after costs, +0.4 % a trade (n 4,327); 0.60–0.95 with 70 %+ and $10k+ +2.9 % (n 955). The consensus beats its price by 2–3 points here, about what the costs take.

Backtest of Oct 22 2026: one entry per market, held to resolution, after a 1¢ half-spread and Polymarket's taker fees. The grade never goes above “Research candidate”: no rule passed the multiple-testing check. It is not a forecast and not advice.

Smart Money Signal

Knicks

4 of 8 top traders (50%)4 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Magic12%
Knicks88%

Smart Money Breakdown by Outcome

Knicks4 traders
Total Value$1.7K
Total Shares2,286
Combined PnL-$2.55
Magic4 traders
Total Value$1.1K
Total Shares6,283
Combined PnL-$384.03
Knicks — 50%Magic — 50%

Signal Intelligence

Momentum

Fading

-7 pts consensus

Breadth

3 traders

Top 2 hold 99%

Freshness

Fresh

1h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

43% of non-arb traders are on Knicks. 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 Knicks) and the top 1000 (6 on Magic) disagree here.
whaleKnicks 100% · 1
Aligned
ctrMagic 67% · 6
Diverging
Hand-pickedKnicks 100% · 1
Aligned
Top 1000Magic 67% · 6
Diverging

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EV Calculator

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

Break-even chance89.5%

88.0¢ price + 1.0¢ spread + 0.5¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$11.74
Max Loss
-$100.00
Shares
111.7

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
0xdc5f1d4e...cbccda
Slug
nba-orl-nyk-2026-10-25-spread-away-4pt5
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