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Spread: Magic (-8.5)

5 of 8 top Polymarket traders hold Kings (63%) · Kings at 51¢ · $6K held · ended Nov 11

Magic50¢Kings50¢Ended Wed, Nov 11, 2026View on Polymarket
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⚠️

Avoid

Kings

Consensus Traders

8

Kings 63%

1 arb excluded

Total Value

$5.9K

Combined PnL

-$997.33

Smart Money Entry

61.5¢ → 50.5¢

-18% since entry · 5 traders

Research grade

AvoidKings at 51%

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

Kings

5 of 8 top traders (63%)1 arbitrage trader dimmed3 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic50%
Kings51%

Smart Money Breakdown by Outcome

Kings5 traders
Total Value$4.4K
Total Shares8,297
Combined PnL$-1.1K
Magic3 traders
Total Value$1.0K
Total Shares2,329
Combined PnL+$66.12
Kings — 63%Magic — 37%

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EV Calculator

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

Break-even chance52.7%

50.5¢ 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
+$89.58
Max Loss
-$100.00
Shares
189.6

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
0x168f3bfa...bba9a4
Slug
nba-orl-sac-2026-11-10-spread-away-8pt5
Trade on Polymarket