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Spread: Magic (-18.5)

2 of 5 top Polymarket traders hold Kings (40%) · Kings at 84¢ · $493 held · ends Nov 11

Magic17¢Kings83¢Ends Wed, Nov 11, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Kings

Consensus Traders

5

Kings 40%

Total Value

$493.17

Combined PnL

$0.42

Smart Money Entry

82.9¢ → 83.5¢

+1% since entry · 2 traders

Research grade

AvoidKings at 84%

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.
  • Favourite (60–95¢)Full year, out of sample: 0.70–0.90 lost −0.9 % a trade (n 26,050, 95 % CI −1.5 to −0.3): the least bad band, still a loss. The Oct 22 backtest's +0.4 % (n 4,327) was not confirmed.

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

Kings

2 of 5 top traders (40%)3 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic17%
Kings84%

Smart Money Breakdown by Outcome

Kings2 traders
Total Value$415.63
Total Shares498
Combined PnL+$2.77
Magic3 traders
Total Value$77.55
Total Shares470
Combined PnL-$2.35
Kings — 40%Magic — 60%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

2 traders

Top 2 hold 100%

Freshness

Fresh

5h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

40% of non-arb traders are on Kings. Concentration is driven by the top two positions owning 100% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrMagic 100% · 3
Diverging
Top 1000Magic 60% · 5
Diverging

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EV Calculator

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

Break-even chance85.2%

83.5¢ price + 1.0¢ spread + 0.7¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$17.43
Max Loss
-$100.00
Shares
117.4

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
0x3440a424...d1f62e
Slug
nba-orl-sac-2026-11-10-spread-away-18pt5
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