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Spread: Magic (-8.5)

7 of 11 top Polymarket traders hold Jazz (64%) · Jazz at 85¢ · $2K held · ended Nov 12

Magic16¢Jazz84¢Ended Thu, Nov 12, 2026View on Polymarket
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⚠️

Avoid

Jazz

Consensus Traders

11

Jazz 64%

1 arb excluded

Total Value

$1.9K

Combined PnL

-$24.28

Smart Money Entry

68.3¢ → 84.5¢

+24% since entry · 7 traders

Research grade

AvoidJazz at 85%

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

7 of 11 top traders (64%)1 arbitrage trader dimmed4 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic16%
Jazz85%

Smart Money Breakdown by Outcome

Jazz7 traders
Total Value$1.3K
Total Shares1,494
Combined PnL+$27.6
Magic4 traders
Total Value$48.03
Total Shares283
Combined PnL-$51.87
Jazz — 64%Magic — 36%

Signal Intelligence

Momentum

Flat

-20 pts consensus

Breadth

6 traders

Top 2 hold 77%

Freshness

Fresh

1h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

60% of non-arb traders are on Jazz. Concentration is driven by the top two positions owning 77% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrJazz 67% · 6
Aligned
Top 1000Jazz 60% · 10
Aligned

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EV Calculator

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

Break-even chance86.1%

84.5¢ price + 1.0¢ spread + 0.6¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$16.12
Max Loss
-$100.00
Shares
116.1

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
0x06037303...a2185d
Slug
nba-orl-uta-2026-11-11-spread-away-8pt5
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