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Spread: Norway (-1.5)

1 of 12 top Polymarket traders hold Norway (8%) · Norway at 57¢ · $24K held · ends Nov 14

Norway57¢Wales43¢Ends Sat, Nov 14, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Norway

Consensus Traders

12

Norway 8%

1 arb excluded

Total Value

$24.1K

Combined PnL

-$129.39

Research grade

NeutralNorway at 57%

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.
  • Side priced 50–60¢Full year, out of sample: 0.50–0.70 lost −2.9 % a trade (n 23,546, 95 % CI −3.9 to −1.9).

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

Norway

1 of 12 top traders (8%)1 arbitrage trader dimmed11 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Norway57%
Wales43%

Smart Money Breakdown by Outcome

Norway1 trader
Total Value$14.0K
Total Shares24,430
Combined PnL-$952.53
Wales11 traders
Total Value$9.9K
Total Shares23,070
Combined PnL+$823.15
Norway — 8%Wales — 92%

Signal Intelligence

Momentum

Surging

-75 pts consensus

Breadth

1 traders

Top 2 hold 100%

Freshness

Mature

27h old

Flip Quality

Watch

1 consensus flip

Breadth vs concentrationCrowded

8% of non-arb traders are on Norway. 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
sharpNorway 100% · 1
Aligned
ctrWales 100% · 7
Diverging
Top 1000Wales 92% · 12
Diverging

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EV Calculator

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

Break-even chance59.7%

57.5¢ price + 1.0¢ spread + 1.2¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$67.47
Max Loss
-$100.00
Shares
167.5

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
0x7fd8a8e5...23bc19
Slug
unl-nor-wal-2026-11-14-spread-home-1pt5
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