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Spread: Magic (-24.5)

4 of 7 top Polymarket traders hold Jazz (57%) · Jazz at 99¢ · $607 held · ended Nov 12

Magic<1¢Jazz>99¢Ended Thu, Nov 12, 2026View on Polymarket
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⚠️

Avoid

Jazz

Consensus Traders

7

Jazz 57%

Total Value

$607.07

Combined PnL

-$6.41

Smart Money Entry

95.7¢ → 99.2¢

+4% since entry · 4 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.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.

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

4 of 7 top traders (57%)3 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic1%
Jazz99%

Smart Money Breakdown by Outcome

Jazz4 traders
Total Value$599.48
Total Shares613
Combined PnL+$8.36
Magic3 traders
Total Value$7.59
Total Shares368
Combined PnL-$14.77
Jazz — 57%Magic — 43%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

3 traders

Top 2 hold 99%

Freshness

Fresh

1h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

43% of non-arb traders are on Jazz. Concentration is driven by the top two positions owning 99% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrMagic 100% · 2
Diverging
Hand-pickedMagic 100% · 1
Diverging
Top 1000Magic 57% · 7
Diverging

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EV Calculator

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

Break-even chance99.9%

99.2¢ 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
+$0.10
Max Loss
-$100.00
Shares
100.1

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
0x3e65e61a...aee2a9
Slug
nba-orl-uta-2026-11-11-spread-away-24pt5
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