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Spread: Hornets (-3.5)

1 of 4 top Polymarket traders hold Wizards (25%) · Wizards at 53¢ · $219 held · ends Oct 26

Hornets47¢Wizards53¢Ends Mon, Oct 26, 2026View on Polymarket
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Avoid

Wizards

Consensus Traders

4

Wizards 25%

Total Value

$218.97

Combined PnL

-$6.64

Research grade

AvoidWizards at 53%

Matches a pattern that lost clearly more than the trading costs 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.
  • Fewer than 5 holdersEvery backtest needed 5+ holders; with fewer nothing was measured.
  • Side priced 50–60¢0.50–0.70 lost −3.2 % a trade pooled (n 3,834).

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

1 of 4 top traders (25%)3 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Hornets47%
Wizards53%

Smart Money Breakdown by Outcome

Wizards1 trader
Total Value$115.09
Total Shares217
Combined PnL-$1.83
Hornets3 traders
Total Value$103.88
Total Shares200
Combined PnL-$4.81
Wizards — 25%Hornets — 75%

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EV Calculator

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

Break-even chance55.2%

53.0¢ 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
+$81.02
Max Loss
-$100.00
Shares
181.0

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
0x412e0049...0f0fe4
Slug
nba-was-cha-2026-10-26-spread-home-3pt5
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