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Spread: Norway (-2.5)

2 of 9 top Polymarket traders hold Wales (22%) · Wales at 64¢ · $678 held · ends Nov 14

Norway36¢Wales64¢Ends Sat, Nov 14, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Wales

Consensus Traders

9

Wales 22%

Total Value

$677.66

Combined PnL

-$1.72

Smart Money Entry

64.2¢ → 64¢

+0% since entry · 2 traders

Research grade

NeutralWales at 64%

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

Wales

2 of 9 top traders (22%)7 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Norway36%
Wales64%

Smart Money Breakdown by Outcome

Wales2 traders
Total Value$516.14
Total Shares814
Combined PnL-$6.14
Norway7 traders
Total Value$161.52
Total Shares442
Combined PnL+$4.42
Wales — 22%Norway — 78%

Signal Intelligence

Momentum

Surging

+0 pts consensus

Breadth

2 traders

Top 2 hold 100%

Freshness

Mature

33h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

25% of non-arb traders are on Wales. 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
ctrNorway 100% · 4
Diverging
Top 1000Norway 75% · 8
Diverging

Chat

EV Calculator

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

Break-even chance66.1%

64.0¢ price + 1.0¢ spread + 1.1¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$51.20
Max Loss
-$100.00
Shares
151.2

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
0xca41dd38...b33b23
Slug
unl-nor-wal-2026-11-14-spread-home-2pt5
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