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Spread: Hornets (-6.5)

3 of 6 top Polymarket traders hold Hornets (50%) · Hornets at 60¢ · $12K held · ended Oct 26

Hornets60¢Wizards40¢Ended Mon, Oct 26, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Hornets

Consensus Traders

6

Hornets 50%

3 arb excluded

Total Value

$12.4K

Combined PnL

-$115.96

Smart Money Entry

49.4¢ → 59.5¢

+20% since entry · 3 traders

Research grade

AvoidHornets at 60%

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.
  • 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

Hornets

3 of 6 top traders (50%)3 arbitrage traders dimmed3 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Hornets60%
Wizards41%

Smart Money Breakdown by Outcome

Hornets3 traders
Total Value$398.2
Total Shares905
Combined PnL-$121.13
Wizards3 traders
Total Value$90.84
Total Shares145
Combined PnL+$5.17
Hornets — 50%Wizards — 50%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

3 traders

Top 2 hold 100%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

50% of non-arb traders are on Hornets. 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
whaleHornets 100% · 2
Aligned
ctrWizards 67% · 3
Diverging
Top 1000Hornets 50% · 6
Aligned

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EV Calculator

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

Break-even chance61.7%

59.5¢ 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
+$62.09
Max Loss
-$100.00
Shares
162.1

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
0x43bb7957...dd220a
Slug
nba-was-cha-2026-10-26-spread-home-6pt5
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