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Spread: Denmark (-2.5)

5 of 14 top Polymarket traders hold Portugal (36%) · Portugal at 94¢ · $24K held · ended Nov 14

Denmark6¢Portugal94¢Ended Sat, Nov 14, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Portugal

Consensus Traders

14

Portugal 36%

Total Value

$23.6K

Combined PnL

$709.93

Smart Money Entry

98.4¢ → 94¢

-4% since entry · 5 traders

Research grade

NeutralPortugal at 94%

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

Portugal

5 of 14 top traders (36%)9 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Denmark6%
Portugal94%

Smart Money Breakdown by Outcome

Portugal5 traders
Total Value$20.0K
Total Shares20,047
Combined PnL+$65.26
Denmark9 traders
Total Value$3.6K
Total Shares190,756
Combined PnL+$644.67
Portugal — 36%Denmark — 64%

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EV Calculator

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

Break-even chance95.3%

94.0¢ price + 1.0¢ spread + 0.2¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$4.95
Max Loss
-$100.00
Shares
104.9

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
0x1e2c9932...a9006e
Slug
unl-prt-den-2026-11-14-spread-away-2pt5
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