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Spread: Finland (-4.5)

3 of 11 top Polymarket traders hold Finland (27%) · Finland at 89¢ · $13K held · ended Nov 15

Finland89¢San Marino11¢Ended Sun, Nov 15, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Finland

Consensus Traders

11

Finland 27%

1 arb excluded

Total Value

$13.2K

Combined PnL

$472.88

Smart Money Entry

51.3¢ → 88.5¢

+72% since entry · 3 traders

Research grade

NeutralFinland at 89%

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

Finland

3 of 11 top traders (27%)1 arbitrage trader dimmed8 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Finland89%
San Marino12%

Smart Money Breakdown by Outcome

Finland3 traders
Total Value$8.8K
Total Shares12,030
Combined PnL+$2.6K
San Marino8 traders
Total Value$2.7K
Total Shares10,518
Combined PnL$-2.1K
Finland — 27%San Marino — 73%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

3 traders

Top 2 hold 100%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

30% of non-arb traders are on Finland. Concentration is driven by the top two positions owning 100% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrSan Marino 67% · 9
Diverging
Top 1000San Marino 70% · 10
Diverging

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EV Calculator

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

Break-even chance90.0%

88.5¢ price + 1.0¢ spread + 0.5¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$11.15
Max Loss
-$100.00
Shares
111.1

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
0x0c89dcd2...491256
Slug
unl-fin-smr-2026-11-15-spread-home-4pt5
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