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Spread: Bears (-5.5)

6 of 8 top Polymarket traders hold Bears (75%) · Bears at 53¢ · $9K held · ends Nov 9

Bears53¢Buccaneers47¢Ends Mon, Nov 9, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Bears

Consensus Traders

8

Bears 75%

3 arb excluded

Total Value

$9.0K

Combined PnL

$9.35

Smart Money Entry

52.6¢ → 52.5¢

+0% since entry · 6 traders

Research grade

NeutralBears at 53%

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 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

Bears

6 of 8 top traders (75%)3 arbitrage traders dimmed2 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Bears53%
Buccaneers48%

Smart Money Breakdown by Outcome

Bears6 traders
Total Value$4.8K
Total Shares8,962
Combined PnL-$22.37
Buccaneers2 traders
Total Value$2.8K
Total Shares5,883
Combined PnL+$31.72
Bears — 75%Buccaneers — 25%

Signal Intelligence

Momentum

Surging

+25 pts consensus

Breadth

6 traders

Top 2 hold 96%

Freshness

Late

93h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

75% of non-arb traders are on Bears. Concentration is driven by the top two positions owning 96% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleBears 67% · 3
Aligned
ctrBears 75% · 8
Aligned
Top 1000Bears 75% · 8
Aligned

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EV Calculator

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

Break-even chance54.7%

52.5¢ 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
+$82.67
Max Loss
-$100.00
Shares
182.7

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
0x83c6ae8c...b23866
Slug
nfl-tb-chi-2026-11-09-spread-home-5pt5
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