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Spread: Bears (-4.5)

5 of 10 top Polymarket traders hold Bears (50%) · Bears at 84¢ · $9K held · ended Nov 9

Bears84¢Buccaneers16¢Ended Mon, Nov 9, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Bears

Consensus Traders

10

Bears 50%

1 arb excluded

Total Value

$8.9K

Combined PnL

-$330.68

Smart Money Entry

55¢ → 84¢

+53% since entry · 5 traders

Research grade

NeutralBears at 84%

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

Bears

5 of 10 top traders (50%)1 arbitrage trader dimmed5 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Bears84%
Buccaneers16%

Smart Money Breakdown by Outcome

Bears5 traders
Total Value$7.5K
Total Shares13,326
Combined PnL+$191.96
Buccaneers5 traders
Total Value$933.95
Total Shares3,346
Combined PnL-$522.64
Bears — 50%Buccaneers — 50%

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EV Calculator

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

Break-even chance85.6%

84.0¢ price + 1.0¢ spread + 0.6¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$16.77
Max Loss
-$100.00
Shares
116.8

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
0x16f7975e...ec9772
Slug
nfl-tb-chi-2026-11-09-spread-home-4pt5
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