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Smart money holds the underdog side

Most tracked traders hold Wizards, while the market favors Hornets (55%). 5 of 11 traders hold an outcome priced under 50%.

Spread: Hornets (-7.5)

5 of 11 top Polymarket traders hold Wizards (45%) · Wizards at 45¢ · $26K held · ended Oct 26

Hornets55¢Wizards45¢Ended Mon, Oct 26, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Wizards

Consensus Traders

11

Wizards 45%

2 arb excluded

Total Value

$26.0K

Combined PnL

$1.6K

Smart Money Entry

50.3¢ → 45¢

-11% since entry · 5 traders

Research grade

AvoidWizards at 45%

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 30–50¢0.30–0.50 lost −6.5 % a trade pooled (n 2,793), a little worse than the plain consensus.

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

5 of 11 top traders (45%)Underdog side (market favors Hornets 55%)2 arbitrage traders dimmed5 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Hornets55%
Wizards45%

Smart Money Breakdown by Outcome

Wizards5 traders
Total Value$13.7K
Total Shares22,837
Combined PnL+$2.2K
Hornets6 traders
Total Value$11.0K
Total Shares22,930
Combined PnL-$553.4
Wizards — 45%Hornets — 55%

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EV Calculator

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

Break-even chance47.2%

45.0¢ 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
+$111.68
Max Loss
-$100.00
Shares
211.7

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
0xa62980ed...90aa6e
Slug
nba-was-cha-2026-10-26-spread-home-7pt5
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