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Spread: Raptors (-5.5)

2 of 4 top Polymarket traders hold Magic (50%) · Magic at 52¢ · $3K held · ends Oct 28

Raptors48¢Magic52¢Ends Wed, Oct 28, 2026View on Polymarket
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⚠️

Avoid

Magic

Consensus Traders

4

Magic 50%

Total Value

$2.9K

Combined PnL

-$24.4

Smart Money Entry

52.9¢ → 52¢

-2% since entry · 2 traders

Research grade

AvoidMagic at 52%

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.
  • Fewer than 5 holdersEvery backtest needed 5+ holders; with fewer nothing was measured.
  • 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

Magic

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

Market Activity
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Outcome Probabilities

Raptors48%
Magic52%

Smart Money Breakdown by Outcome

Magic2 traders
Total Value$2.9K
Total Shares5,463
Combined PnL-$25
Raptors2 traders
Total Value$28.25
Total Shares60
Combined PnL+$0.6
Magic — 50%Raptors — 50%

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EV Calculator

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

Break-even chance54.2%

52.0¢ 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
+$84.35
Max Loss
-$100.00
Shares
184.3

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
0x4187dbfe...bca0c3
Slug
nba-orl-tor-2026-10-28-spread-home-5pt5
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