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Spread: Magic (-1.5)

2 of 6 top Polymarket traders hold Magic (33%) · Magic at 55¢ · $4K held · ends Nov 3

Magic55¢Wizards45¢Ends Tue, Nov 3, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Magic

Consensus Traders

6

Magic 33%

Total Value

$3.7K

Combined PnL

-$32.56

Smart Money Entry

53.7¢ → 54.5¢

+2% since entry · 2 traders

Research grade

AvoidMagic at 55%

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.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.
  • Side priced 50–60¢Full year, out of sample: 0.50–0.70 lost −2.9 % a trade (n 23,546, 95 % CI −3.9 to −1.9).

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

Magic

2 of 6 top traders (33%)4 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic55%
Wizards46%

Smart Money Breakdown by Outcome

Magic2 traders
Total Value$3.2K
Total Shares6,000
Combined PnL-$10
Wizards4 traders
Total Value$527.47
Total Shares1,147
Combined PnL-$22.56
Magic — 33%Wizards — 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

33% of non-arb traders are on Magic. 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
whaleMagic 100% · 1
Aligned
ctrWizards 67% · 6
Diverging
Hand-pickedWizards 100% · 1
Diverging
Top 1000Wizards 60% · 5
Diverging

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EV Calculator

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

Break-even chance56.7%

54.5¢ 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
+$76.26
Max Loss
-$100.00
Shares
176.3

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
0xcf8ffd4e...c73a8e
Slug
nba-was-orl-2026-11-02-spread-home-1pt5
Trade on Polymarket