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Spread: England (-2.5)

6 of 12 top Polymarket traders hold Spain (50%) · Spain at 93¢ · $4K held · ended Nov 15

England7¢Spain93¢Ended Sun, Nov 15, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Spain

Consensus Traders

12

Spain 50%

Total Value

$3.8K

Combined PnL

$124.37

Smart Money Entry

94.2¢ → 92.5¢

-2% since entry · 6 traders

Research grade

NeutralSpain at 93%

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.
  • 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

Spain

6 of 12 top traders (50%)6 hold an outcome priced under 50%8 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

England7%
Spain93%

Smart Money Breakdown by Outcome

Spain6 traders
Total Value$3.4K
Total Shares3,552
Combined PnL-$11.32
England6 traders
Total Value$406.18
Total Shares5,093
Combined PnL+$135.69
Spain — 50%England — 50%

Signal Intelligence

Momentum

Surging

+12 pts consensus

Breadth

6 traders

Top 2 hold 96%

Freshness

Fresh

6h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

50% of non-arb traders are on Spain. Concentration is driven by the top two positions owning 96% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrEngland 80% · 5
Diverging
Top 1000Spain 50% · 12
Aligned

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EV Calculator

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

Break-even chance93.9%

92.5¢ price + 1.0¢ spread + 0.3¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$6.55
Max Loss
-$100.00
Shares
106.6

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
0x60488d4a...b4abfb
Slug
unl-esp-eng-2026-11-15-spread-away-2pt5
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