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Spread: Commanders (-2.5)

4 of 9 top Polymarket traders hold Commanders (44%) · Commanders at 74¢ · $13K held · ended Nov 2

Commanders74¢Eagles26¢Ended Mon, Nov 2, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Commanders

Consensus Traders

9

Commanders 44%

1 arb excluded

Total Value

$12.9K

Combined PnL

$746.05

Smart Money Entry

56.4¢ → 73.5¢

+30% since entry · 4 traders

Research grade

NeutralCommanders at 74%

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.
  • Favourite (60–95¢)Full year, out of sample: 0.70–0.90 lost −0.9 % a trade (n 26,050, 95 % CI −1.5 to −0.3): the least bad band, still a loss. The Oct 22 backtest's +0.4 % (n 4,327) was not confirmed.

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

Commanders

4 of 9 top traders (44%)1 arbitrage trader dimmed5 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Commanders74%
Eagles27%

Smart Money Breakdown by Outcome

Commanders4 traders
Total Value$7.0K
Total Shares10,652
Combined PnL+$1.1K
Eagles5 traders
Total Value$2.8K
Total Shares7,862
Combined PnL-$362.31
Commanders — 44%Eagles — 56%

Signal Intelligence

Momentum

Surging

-20 pts consensus

Breadth

2 traders

Top 2 hold 100%

Freshness

Fresh

2h old

Flip Quality

Watch

1 consensus flip

Breadth vs concentrationCrowded

40% of non-arb traders are on Commanders. 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
sharpEagles 100% · 1
Diverging
ctrEagles 60% · 5
Diverging
Top 1000Eagles 60% · 5
Diverging

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EV Calculator

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

Break-even chance75.4%

73.5¢ price + 1.0¢ spread + 0.9¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$32.54
Max Loss
-$100.00
Shares
132.5

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
0xc96adefd...8c7c11
Slug
nfl-phi-was-2026-11-02-spread-home-2pt5
Trade on Polymarket