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Spread: Magic (-16.5)

5 of 7 top Polymarket traders hold Jazz (71%) · Jazz at 99¢ · $818 held · ended Nov 12

Magic1¢Jazz99¢Ended Thu, Nov 12, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Jazz

Consensus Traders

7

Jazz 71%

Total Value

$818.09

Combined PnL

-$29.4

Smart Money Entry

81.7¢ → 98.6¢

+21% since entry · 5 traders

Research grade

AvoidJazz at 99%

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.
  • Side priced over 95¢Full year, out of sample: 0.90–0.95 −0.2 % a trade (n 12,989, 95 % CI −0.6 to +0.3); above 95¢ little is left to win and the tests stop at 0.95.
  • 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

Jazz

5 of 7 top traders (71%)2 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic1%
Jazz99%

Smart Money Breakdown by Outcome

Jazz5 traders
Total Value$768.19
Total Shares851
Combined PnL+$73.26
Magic2 traders
Total Value$49.9
Total Shares831
Combined PnL-$102.66
Jazz — 71%Magic — 29%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

5 traders

Top 2 hold 90%

Freshness

Fresh

1h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

71% of non-arb traders are on Jazz. Concentration is driven by the top two positions owning 90% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
The hand-picked list (1 on Magic) and the top 1000 (7 on Jazz) disagree here.
ctrJazz 50% · 2
Aligned
Hand-pickedMagic 100% · 1
Diverging
Top 1000Jazz 71% · 7
Aligned

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EV Calculator

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

Break-even chance99.6%

98.6¢ price + 1.0¢ spread + 0.0¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$0.43
Max Loss
-$100.00
Shares
100.4

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
0xc8c8f867...7fccce
Slug
nba-orl-uta-2026-11-11-spread-away-16pt5
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