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Smart money holds the underdog side

Most tracked traders hold Jazz, while the market favors Magic (56%). 9 of 13 traders hold an outcome priced under 50%.

Spread: Magic (-2.5)

9 of 13 top Polymarket traders hold Jazz (69%) · Jazz at 45¢ · $10K held · ends Nov 12

Magic56¢Jazz44¢Ends Thu, Nov 12, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Jazz

Consensus Traders

13

Jazz 69%

Total Value

$9.8K

Combined PnL

-$62.82

Smart Money Entry

46.2¢ → 44.5¢

-4% since entry · 9 traders

Research grade

AvoidJazz at 45%

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.
  • Side priced 30–50¢Full year, out of sample: 0.30–0.50 lost −4.8 % a trade (n 16,830, 95 % CI −6.6 to −3.1), worse than the plain consensus.

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

9 of 13 top traders (69%)Underdog side (market favors Magic 56%)9 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic56%
Jazz45%

Smart Money Breakdown by Outcome

Jazz9 traders
Total Value$7.6K
Total Shares16,662
Combined PnL-$103.6
Magic4 traders
Total Value$2.2K
Total Shares3,943
Combined PnL+$40.78
Jazz — 69%Magic — 31%

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EV Calculator

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

Break-even chance46.7%

44.5¢ 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
+$113.95
Max Loss
-$100.00
Shares
214.0

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
0xdd62a514...a554af
Slug
nba-orl-uta-2026-11-11-spread-away-2pt5
Trade on Polymarket