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Spread: Spain (-1.5)

7 of 11 top Polymarket traders hold England (64%) · England at 74¢ · $709 held · ends Nov 15

Spain27¢England73¢Ends Sun, Nov 15, 2026View on Polymarket
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⚖️

Neutral

England

Consensus Traders

11

England 64%

Total Value

$709.39

Combined PnL

$12.41

Smart Money Entry

71.2¢ → 73.5¢

+3% since entry · 7 traders

Research grade

NeutralEngland at 74%

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

England

7 of 11 top traders (64%)4 hold an outcome priced under 50%9 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Spain27%
England74%

Smart Money Breakdown by Outcome

England7 traders
Total Value$659.91
Total Shares861
Combined PnL+$13.18
Spain4 traders
Total Value$49.49
Total Shares190
Combined PnL-$0.77
England — 64%Spain — 36%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

6 traders

Top 2 hold 72%

Freshness

Fresh

9h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

75% of non-arb traders are on England. Concentration is driven by the top two positions owning 72% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrEngland 75% · 4
Aligned
Top 1000England 75% · 8
Aligned

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EV Calculator

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

Break-even chance75.4%

73.5¢ price + 1.0¢ spread + 0.9¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$32.54
Max Loss
-$100.00
Shares
132.5

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
0xcebf2d75...283b41
Slug
unl-esp-eng-2026-11-15-spread-home-1pt5
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