Smart money holds the underdog side
Most tracked traders hold Under, while the market favors Over (84%). 12 of 19 traders hold an outcome priced under 50%.
Historically, consensus on sides priced under 40¢ lost money after costs.

Belgium vs. Italy: O/U 4.5
12 of 19 top Polymarket traders hold Under (63%) · Under at 17¢ · $7K held · ended Nov 15
⚠️
Avoid
Under
19
Under 63%
2 arb excluded
$6.8K
-$492.28
23.8¢ → 16.5¢
-31% since entry · 12 traders
Research grade
AvoidUnder at 17%
Matches a pattern that lost clearly more than the plain consensus in our tests.
- Consensus side under 30¢Full year, out of sample: 0.05–0.30 lost −8.1 % a trade (n 11,568), under 0.20 −20.5 % (n 3,615). Oct 22 backtest: −29.5 % (n 1,625). The strongest effect in every test.
- 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.
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
12 of 19 top traders (63%)Underdog side (market favors Over 84%)2 arbitrage traders dimmed12 hold an outcome priced under 50%12 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
GO GoalLineGhostARB<$100 | Underavg 42.5¢ | $3.1K | $1.6K | $-1.4K | 52% 2587-2373 (4960) |
| └ Under leg | Underavg 42.5¢ | $2.8K | $1.2K | $-1.7K | |
| └ Over leg | Overavg 48.6¢ | $262.83 | $445.72 | +$210.73 | |
![]() RN1ARB<$100 | Overavg 50.8¢ | $1.2K | $1.5K | +$288.71 | 54% 6095-5185 (11280) |
| └ Over leg | Overavg 50.8¢ | $736.19 | $1.2K | +$472.82 | |
| └ Under leg | Underavg 26.2¢ | $498.38 | $314.28 | -$184.11 | |
FL FlaznorpCTR | Underavg 22.5¢ | $1.3K | $1.1K | -$224.51 | 48% 4819-5125 (9944) |
![]() fxwd12345 | Overavg 83¢ | $1.0K | $1.0K | +$6.11 | 69% 59-27 (86) |
VE VenusianCTR | Underavg 16.6¢ | $458.71 | $482.73 | +$24.02 | 38% 1425-2300 (3725) |
BI biying88888CTR | Underavg 50¢ | $635 | $222.25 | -$412.75 | 43% 247-322 (569) |
38 38791873984189 | Overavg 83.1¢ | $314.5 | $152.49 | -$23.47 | 48% 4056-4455 (8511) |
SU suntori | Overavg 20¢ | $30.47 | $137.11 | +$106.64 | 46% 3397-3944 (7341) |
0X 0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872 | Overavg 73.5¢ | $94.03 | $115.17 | +$21.13 | 55% 1999-1665 (3664) |
FO fooooolCTR<$100 | Underavg 11.1¢ | $75.92 | $91.13 | +$65.97 | 41% 147-213 (360) |
NO NotJump<$100 | Overavg 81.5¢ | $76.38 | $83.08 | +$6.7 | 49% 1197-1222 (2419) |
WA WagerWizard<$100 | Overavg 66¢ | $51.7 | $64.62 | +$12.92 | 52% 265-240 (505) |
NO NordhavenCap<$100 | Overavg 90¢ | $82.36 | $54.87 | -$7.27 | 34% 127-245 (372) |
LI LimousinCTR<$100 | Underavg 16.1¢ | $36 | $39.17 | +$3.17 | 38% 1401-2279 (3680) |
LI LightParadoxCTR<$100 | Underavg 28.1¢ | $54.52 | $33.98 | -$20.54 | 38% 1425-2328 (3753) |
TO topdogbigboiCTR<$100 | Underavg 30.4¢ | $57.62 | $18.98 | -$38.64 | 39% 1657-2634 (4291) |
SE sentrioCTR<$100 | Underavg 15¢ | $11.29 | $11.67 | +$0.38 | 41% 1218-1750 (2968) |
SN SnakeBallCTR<$100 | Underavg 10¢ | $7.32 | $7.32 | +$0 | 46% 1234-1428 (2662) |
HY hydra1248CTR<$100 | Underavg 84¢ | $13.29 | $2.37 | -$10.92 | 73% 237-87 (324) |
LU LuckyLooCTR<$100 | Underavg 15¢ | $3.53 | $2.35 | -$1.18 | 35% 669-1223 (1892) |
![]() SecondhandvinylCTR<$100 | Underavg 14¢ | $0.7 | $0.65 | -$0.05 | 77% 398-118 (516) |
Invested
$3,105.92
Value
$1.6K
PnL
$-1.4K
Record
52%
2587-2373 (4960)
Both legs:
RN1ARB<$100Invested
$1,234.57
Value
$1.5K
PnL
+$288.71
Record
54%
6095-5185 (11280)
Both legs:
Invested
$1,333.89
Value
$1.1K
PnL
-$224.51
Record
48%
4819-5125 (9944)
fxwd12345Invested
$1,014.24
Value
$1.0K
PnL
+$6.11
Record
69%
59-27 (86)
Invested
$458.71
Value
$482.73
PnL
+$24.02
Record
38%
1425-2300 (3725)
Invested
$635
Value
$222.25
PnL
-$412.75
Record
43%
247-322 (569)
Invested
$314.5
Value
$152.49
PnL
-$23.47
Record
48%
4056-4455 (8511)
Invested
$30.47
Value
$137.11
PnL
+$106.64
Record
46%
3397-3944 (7341)
Invested
$94.03
Value
$115.17
PnL
+$21.13
Record
55%
1999-1665 (3664)
Invested
$75.92
Value
$91.13
PnL
+$65.97
Record
41%
147-213 (360)
Invested
$76.38
Value
$83.08
PnL
+$6.7
Record
49%
1197-1222 (2419)
Invested
$51.7
Value
$64.62
PnL
+$12.92
Record
52%
265-240 (505)
Invested
$82.36
Value
$54.87
PnL
-$7.27
Record
34%
127-245 (372)
Invested
$36
Value
$39.17
PnL
+$3.17
Record
38%
1401-2279 (3680)
Invested
$54.52
Value
$33.98
PnL
-$20.54
Record
38%
1425-2328 (3753)
Invested
$57.62
Value
$18.98
PnL
-$38.64
Record
39%
1657-2634 (4291)
Invested
$11.29
Value
$11.67
PnL
+$0.38
Record
41%
1218-1750 (2968)
Invested
$7.32
Value
$7.32
PnL
+$0
Record
46%
1234-1428 (2662)
Invested
$13.29
Value
$2.37
PnL
-$10.92
Record
73%
237-87 (324)
Invested
$3.53
Value
$2.35
PnL
-$1.18
Record
35%
669-1223 (1892)
SecondhandvinylCTR<$100Invested
$0.7
Value
$0.65
PnL
-$0.05
Record
77%
398-118 (516)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
16.5¢ price + 1.0¢ spread + 0.7¢ 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.
Market Info
Traders in this Market
GoalLineGhost
ARBArbitrage — excluded

RN1
ARBArbitrage — excluded
Flaznorp
CTRUnder — $1.1K

fxwd12345
Over — $1.0K
Venusian
CTRUnder — $482.73
biying88888
CTRUnder — $222.25
38791873984189
Over — $152.49
suntori
Over — $137.11
0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872
Over — $115.17
foooool
CTRUnder — $91.13