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Smart money holds the underdog side

Most tracked traders hold Ravens, while the market favors Bills (68%). 8 of 11 traders hold an outcome priced under 50%.

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

Spread: Bills (-6.5)

8 of 11 top Polymarket traders hold Ravens (73%) · Ravens at 33¢ · $12K held · ended Nov 1

Bills68¢Ravens32¢Ended Sun, Nov 1, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Ravens

Consensus Traders

11

Ravens 73%

1 arb excluded

Total Value

$12.2K

Combined PnL

$605.77

Smart Money Entry

55.6¢ → 32.5¢

-42% since entry · 8 traders

Research grade

NeutralRavens at 33%

No measured edge, which here means a loss: the plain consensus (5+ holders, 60 %+, held to resolution) lost −3.0 % a trade after costs out of sample in the full-year test (n 86,296, 95 % CI −3.6 to −2.4 %).

  • 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.
  • Side priced 30–50¢Full year, out of sample: 0.30–0.50 lost −4.8 % a trade (n 16,830, 95 % CI −6.6 to −3.1), worse than the plain consensus.

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

Ravens

8 of 11 top traders (73%)Underdog side (market favors Bills 68%)1 arbitrage trader dimmed8 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Bills68%
Ravens33%

Smart Money Breakdown by Outcome

Ravens8 traders
Total Value$8.0K
Total Shares13,189
Combined PnL+$655.75
Bills3 traders
Total Value$210.6
Total Shares540
Combined PnL-$49.98
Ravens — 73%Bills — 27%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

5 traders

Top 2 hold 80%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

83% of non-arb traders are on Ravens. Concentration is driven by the top two positions owning 80% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleRavens 50% · 2
Aligned
ctrRavens 100% · 4
Aligned
Top 1000Ravens 83% · 6
Aligned

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EV Calculator

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

Break-even chance34.6%

32.5¢ price + 1.0¢ spread + 1.1¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$188.90
Max Loss
-$100.00
Shares
288.9

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
0x7584608d...4f4a2c
Slug
nfl-bal-buf-2026-11-01-spread-home-6pt5
Trade on Polymarket