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Spread: Knicks (-5.5)

3 of 8 top Polymarket traders hold Magic (38%) · Magic at 97¢ · $3K held · ended Oct 25

Knicks4¢Magic96¢Ended Sun, Oct 25, 2026View on Polymarket
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Avoid

Magic

Consensus Traders

8

Magic 38%

1 arb excluded

Total Value

$2.9K

Combined PnL

$215.01

Smart Money Entry

49.9¢ → 96.5¢

+93% since entry · 3 traders

Research grade

AvoidMagic at 97%

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.
  • Side priced over 95¢0.90–0.99 was −0.2 % a trade (n 4,210); above 95¢ little is left to win and the backtests' bands stop at 0.95.
  • 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.

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

Magic

3 of 8 top traders (38%)1 arbitrage trader dimmed5 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Knicks4%
Magic97%

Smart Money Breakdown by Outcome

Magic3 traders
Total Value$2.4K
Total Shares3,146
Combined PnL+$281.02
Knicks5 traders
Total Value$344.01
Total Shares777
Combined PnL-$66.01
Magic — 38%Knicks — 62%

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EV Calculator

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

Break-even chance97.6%

96.5¢ 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
+$2.44
Max Loss
-$100.00
Shares
102.4

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
0x925304cf...235d2e
Slug
nba-orl-nyk-2026-10-25-spread-home-5pt5
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