Smart money holds the underdog side
Most tracked traders hold Over, while the market favors Under (53%). 1 of 5 traders hold an outcome priced under 50%.

Capitals vs. Senators: O/U 6.5
1 of 5 top Polymarket traders hold Over (20%) · Over at 48¢ · $979 held · ends Nov 11
⚖️
Neutral
Over
5
Over 20%
$979.08
-$26.69
Research grade
NeutralOver at 48%
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
1 of 5 top traders (20%)Underdog side (market favors Under 53%)1 holds an outcome priced under 50%4 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
RO royalestakeCTR | Overavg 47¢ | $938.17 | $908.23 | -$29.94 | 1% 2-178 (180) |
FL Flaznorp<$100 | Underavg 52¢ | $36.4 | $38.15 | +$1.75 | 50% 1375-1392 (2767) |
![]() 0xheavy888<$100 | Underavg 52¢ | $26 | $27.25 | +$1.25 | 54% 93-78 (171) |
38 38791873984189<$100 | Underavg 52¢ | $2.6 | $2.73 | +$0.13 | 48% 695-751 (1446) |
AM ameisgoat11<$100 | Underavg 52¢ | $2.6 | $2.73 | +$0.13 | 22% 133-482 (615) |
Invested
$938.17
Value
$908.23
PnL
-$29.94
Record
1%
2-178 (180)
Invested
$36.4
Value
$38.15
PnL
+$1.75
Record
50%
1375-1392 (2767)
0xheavy888<$100Invested
$26
Value
$27.25
PnL
+$1.25
Record
54%
93-78 (171)
Invested
$2.6
Value
$2.73
PnL
+$0.13
Record
48%
695-751 (1446)
Invested
$2.6
Value
$2.73
PnL
+$0.13
Record
22%
133-482 (615)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
47.5¢ price + 1.0¢ spread + 1.2¢ fee (Sports 5%). Win more often than this and the bet pays.
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.