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Smart money holds the underdog side

Most tracked traders hold Magic, while the market favors Raptors (90%). 4 of 6 traders hold an outcome priced under 50%.

Historically, consensus on sides priced under 40¢ lost money after costs.

Spread: Raptors (-7.5)

4 of 6 top Polymarket traders hold Magic (67%) · Magic at 10¢ · $12K held · ended Oct 28

Raptors90¢Magic10¢Ended Wed, Oct 28, 2026View on Polymarket
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⚠️

Avoid

Magic

Consensus Traders

6

Magic 67%

2 arb excluded

Total Value

$12.1K

Combined PnL

$1.0K

Smart Money Entry

47.7¢ → 10¢

-79% since entry · 4 traders

Research grade

AvoidMagic at 10%

Matches a pattern that lost clearly more than the plain consensus in our tests.

  • Consensus side under 30¢Full year, out of sample: 0.05–0.30 lost −8.1 % a trade (n 11,568), under 0.20 −20.5 % (n 3,615). Oct 22 backtest: −29.5 % (n 1,625). The strongest effect in every test.
  • 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.

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

4 of 6 top traders (67%)Underdog side (market favors Raptors 90%)2 arbitrage traders dimmed4 hold an outcome priced under 50%1 small position dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Raptors90%
Magic10%

Smart Money Breakdown by Outcome

Magic4 traders
Total Value$3.1K
Total Shares4,024
Combined PnL+$716.95
Raptors2 traders
Total Value$813.78
Total Shares911
Combined PnL+$287.76
Magic — 67%Raptors — 33%

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EV Calculator

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

Break-even chance11.5%

10.0¢ 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
+$770.36
Max Loss
-$100.00
Shares
870.4

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
0xcce229e9...df80c3
Slug
nba-orl-tor-2026-10-28-spread-home-7pt5
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