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Spread: CD Santa Clara (-1.5)

3 of 6 top Polymarket traders hold Sport Lisboa e Benfica (50%) · Sport Lisboa e Benfica at 98¢ · $46K held · ended Oct 26

CD Santa Clara2¢Sport Lisboa e Benfica98¢Ended Mon, Oct 26, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Sport Lisboa e Benfica

Consensus Traders

6

Sport Lisboa e Benfica 50%

1 arb excluded

Total Value

$46.3K

Combined PnL

$-5.5K

Smart Money Entry

97.4¢ → 98.3¢

+1% since entry · 3 traders

Research grade

NeutralSport Lisboa e Benfica at 98%

No measured edge either way. The plain consensus (5+ holders, 60 %+, held to resolution) lost −4.8 % a trade after costs (n 10,051, 95 % CI −6.5 to −3.1 %).

  • Side priced over 95¢0.90–0.99 was −0.2 % a trade (n 4,210); above 95¢ little is left to win and the backtests' bands stop at 0.95.
  • Spread or totalSpreads 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.

Backtest of Oct 22 2026: one entry per market, held to resolution, after a 1¢ half-spread and Polymarket's taker fees. The grade never goes above “Research candidate”: no rule passed the multiple-testing check. It is not a forecast and not advice.

Smart Money Signal

Sport Lisboa e Benfica

3 of 6 top traders (50%)1 arbitrage trader dimmed3 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

CD Santa Clara2%
Sport Lisboa e Benfica98%

Smart Money Breakdown by Outcome

Sport Lisboa e Benfica3 traders
Total Value$32.8K
Total Shares50,055
Combined PnL$-16.0K
CD Santa Clara3 traders
Total Value$11.3K
Total Shares32,804
Combined PnL+$10.5K
Sport Lisboa e Benfica — 50%CD Santa Clara — 50%

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EV Calculator

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

Break-even chance99.3%

98.3¢ price + 1.0¢ spread + 0.0¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$0.67
Max Loss
-$100.00
Shares
100.7

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
0x933a4687...184c2a
Slug
por-cds-ben-2026-10-26-spread-home-1pt5
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