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Spread: Sport Lisboa e Benfica (-2.5)

7 of 11 top Polymarket traders hold FC Alverca (64%) · FC Alverca at 73¢ · $4K held · ended Nov 2

Sport Lisboa e Benfica28¢FC Alverca72¢Ended Mon, Nov 2, 2026View on Polymarket
SIGNAL

⚖️

Neutral

FC Alverca

Consensus Traders

11

FC Alverca 64%

1 arb excluded

Total Value

$4.3K

Combined PnL

$64.81

Smart Money Entry

56.7¢ → 72.5¢

+28% since entry · 7 traders

Research grade

NeutralFC Alverca at 73%

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.
  • 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

FC Alverca

7 of 11 top traders (64%)1 arbitrage trader dimmed4 hold an outcome priced under 50%8 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Sport Lisboa e Benfica28%
FC Alverca73%

Smart Money Breakdown by Outcome

FC Alverca7 traders
Total Value$2.9K
Total Shares4,229
Combined PnL+$61.9
Sport Lisboa e Benfica4 traders
Total Value$56.78
Total Shares109
Combined PnL+$2.91
FC Alverca — 64%Sport Lisboa e Benfica — 36%

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EV Calculator

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

Break-even chance74.5%

72.5¢ price + 1.0¢ spread + 1.0¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$34.28
Max Loss
-$100.00
Shares
134.3

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
0x757c65b2...c91204
Slug
por-ben-alv-2026-11-02-spread-home-2pt5
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