Skip to content
PolyConsensus
Back to Markets

Smart money holds the underdog side

Most tracked traders hold Utah, while the market favors Flyers (69%). 4 of 9 traders hold an outcome priced under 50%.

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

Spread: Utah (-1.5)

4 of 9 top Polymarket traders hold Utah (44%) · Utah at 31¢ · $11K held · ended Nov 1

Utah31¢Flyers69¢Ended Sun, Nov 1, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Utah

Consensus Traders

9

Utah 44%

1 arb excluded

Total Value

$10.8K

Combined PnL

-$124.63

Smart Money Entry

37¢ → 31¢

-16% since entry · 4 traders

Research grade

NeutralUtah at 31%

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

Utah

4 of 9 top traders (44%)Underdog side (market favors Flyers 69%)1 arbitrage trader dimmed4 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Utah31%
Flyers69%

Smart Money Breakdown by Outcome

Utah4 traders
Total Value$9.6K
Total Shares26,274
Combined PnL-$125.06
Flyers5 traders
Total Value$1.1K
Total Shares1,752
Combined PnL+$0.43
Utah — 44%Flyers — 56%

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 chance33.1%

31.0¢ 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
+$202.22
Max Loss
-$100.00
Shares
302.2

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
0x60d91a8f...130ca6
Slug
nhl-utah-phi-2026-11-01-spread-away-1pt5
Trade on Polymarket