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Smart money holds the underdog side

Most tracked traders hold Wizards, while the market favors Hornets (86%). 2 of 6 traders hold an outcome priced under 50%.

Historically, consensus on sides priced under 40¢ lost money after costs.

Spread: Wizards (-2.5)

2 of 6 top Polymarket traders hold Wizards (33%) · Wizards at 14¢ · $5K held · ended Oct 26

Wizards14¢Hornets86¢Ended Mon, Oct 26, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Wizards

Consensus Traders

6

Wizards 33%

Total Value

$5.0K

Combined PnL

-$8.37

Smart Money Entry

40¢ → 14.5¢

-64% since entry · 2 traders

Research grade

AvoidWizards at 14%

Matches a pattern that lost clearly more than the trading costs in the backtests.

  • Consensus side under 30¢Longshots (0.05–0.30) lost −29.5 % a trade pooled (n 1,625; −22 % in spring, −35 % in October): the strongest effect in the backtests.
  • BasketballBasketball lost in both windows: −12.0 % a trade in spring (95 % CI −22 to −2), −9.2 % in October.
  • Spread or totalSpreads 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.

Backtest of Oct 22 2026: one entry per market, held to resolution, after a 1¢ half-spread and Polymarket's taker fees. The grade never goes above “Research candidate”: no rule passed the multiple-testing check. It is not a forecast and not advice.

Smart Money Signal

Wizards

2 of 6 top traders (33%)Underdog side (market favors Hornets 86%)2 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Wizards14%
Hornets86%

Smart Money Breakdown by Outcome

Wizards2 traders
Total Value$2.8K
Total Shares7,220
Combined PnL-$75.95
Hornets4 traders
Total Value$2.2K
Total Shares3,614
Combined PnL+$67.58
Wizards — 33%Hornets — 67%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

2 traders

Top 2 hold 100%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

40% of non-arb traders are on Wizards. Concentration is driven by the top two positions owning 100% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
The hand-picked list (1 on Wizards) and the top 1000 (4 on Hornets) disagree here.
whaleWizards 67% · 3
Aligned
ctrWizards 50% · 2
Aligned
Hand-pickedWizards 100% · 1
Aligned
Top 1000Hornets 75% · 4
Diverging

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EV Calculator

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

Break-even chance16.2%

14.5¢ price + 1.0¢ spread + 0.7¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$519.01
Max Loss
-$100.00
Shares
619.0

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
0x5cd5059b...5edc5c
Slug
nba-was-cha-2026-10-26-spread-away-2pt5
Trade on Polymarket