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Spread: Magic (-10.5)

6 of 9 top Polymarket traders hold Jazz (67%) · Jazz at 94¢ · $3K held · ended Nov 12

Magic7¢Jazz93¢Ended Thu, Nov 12, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Jazz

Consensus Traders

9

Jazz 67%

1 arb excluded

Total Value

$3.4K

Combined PnL

$75.24

Smart Money Entry

73.1¢ → 93.5¢

+28% since entry · 6 traders

Research grade

AvoidJazz at 94%

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.
  • 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

Jazz

6 of 9 top traders (67%)1 arbitrage trader dimmed3 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic7%
Jazz94%

Smart Money Breakdown by Outcome

Jazz6 traders
Total Value$2.9K
Total Shares3,122
Combined PnL+$245.59
Magic3 traders
Total Value$174.69
Total Shares1,467
Combined PnL-$170.36
Jazz — 67%Magic — 33%

Signal Intelligence

Momentum

Surging

+11 pts consensus

Breadth

6 traders

Top 2 hold 80%

Freshness

Fresh

1h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

67% of non-arb traders are on Jazz. Concentration is driven by the top two positions owning 80% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrJazz 50% · 4
Aligned
Hand-pickedJazz 100% · 1
Aligned
Top 1000Jazz 67% · 9
Aligned

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EV Calculator

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

Break-even chance94.8%

93.5¢ price + 1.0¢ spread + 0.3¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$5.53
Max Loss
-$100.00
Shares
105.5

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
0x337e9a0f...8dceb3
Slug
nba-orl-uta-2026-11-11-spread-away-10pt5
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