Skip to content
PolyConsensus
Back to Markets

Smart money holds the underdog side

Most tracked traders hold Under, while the market favors Over (54%). 2 of 6 traders hold an outcome priced under 50%.

Colts vs. Jaguars: O/U 44.5

2 of 6 top Polymarket traders hold Under (33%) · Under at 47¢ · $3K held · ends Nov 1

Over54¢Under46¢Ends Sun, Nov 1, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Under

Consensus Traders

6

Under 33%

Total Value

$2.9K

Combined PnL

-$54.11

Smart Money Entry

44.9¢ → 46.5¢

+4% since entry · 2 traders

Research grade

NeutralUnder at 47%

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.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.
  • 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

Under

2 of 6 top traders (33%)Underdog side (market favors Over 54%)2 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Over54%
Under47%

Smart Money Breakdown by Outcome

Under2 traders
Total Value$1.5K
Total Shares3,542
Combined PnL-$49.84
Over4 traders
Total Value$1.4K
Total Shares2,584
Combined PnL-$4.27
Under — 33%Over — 67%

Chat

Sign in with your wallet to post.

EV Calculator

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

Break-even chance48.7%

46.5¢ 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
+$105.14
Max Loss
-$100.00
Shares
205.1

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
0x8b3b079f...caf6a8
Slug
nfl-ind-jax-2026-11-01-total-44pt5
Trade on Polymarket