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Spread: FC Arouca (-1.5)

1 of 3 top Polymarket traders hold CD Nacional (33%) · CD Nacional at 97¢ · $2K held · ended Nov 1

FC Arouca3¢CD Nacional97¢Ended Sun, Nov 1, 2026View on Polymarket
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⚖️

Neutral

CD Nacional

Consensus Traders

3

CD Nacional 33%

Total Value

$1.6K

Combined PnL

$380.27

Research grade

NeutralCD Nacional at 97%

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 %).

  • Side priced over 95¢Full year, out of sample: 0.90–0.95 −0.2 % a trade (n 12,989, 95 % CI −0.6 to +0.3); above 95¢ little is left to win and the tests stop at 0.95.
  • 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.
  • Fewer than 5 holdersEvery backtest needed 5+ holders; with fewer nothing was measured.

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

CD Nacional

1 of 3 top traders (33%)2 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

FC Arouca3%
CD Nacional97%

Smart Money Breakdown by Outcome

CD Nacional1 trader
Total Value$1.6K
Total Shares1,683
Combined PnL+$382.12
FC Arouca2 traders
Total Value$2.52
Total Shares84
Combined PnL-$1.85
CD Nacional — 33%FC Arouca — 67%

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EV Calculator

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

Break-even chance98.1%

97.0¢ price + 1.0¢ spread + 0.1¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$1.94
Max Loss
-$100.00
Shares
101.9

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
0x504b2401...928886
Slug
por-aro-nac-2026-11-01-spread-home-1pt5
Trade on Polymarket