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Spread: Portugal (-2.5)

4 of 8 top Polymarket traders hold Denmark (50%) · Denmark at 83¢ · $4K held · ends Nov 14

Portugal18¢Denmark82¢Ends Sat, Nov 14, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Denmark

Consensus Traders

8

Denmark 50%

Total Value

$4.2K

Combined PnL

$73.7

Smart Money Entry

81¢ → 82.5¢

+2% since entry · 4 traders

Research grade

NeutralDenmark at 83%

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

Denmark

4 of 8 top traders (50%)4 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Portugal18%
Denmark83%

Smart Money Breakdown by Outcome

Denmark4 traders
Total Value$4.2K
Total Shares5,035
Combined PnL+$77
Portugal4 traders
Total Value$54.16
Total Shares285
Combined PnL-$3.31
Denmark — 50%Portugal — 50%

Signal Intelligence

Momentum

Building

+3 pts consensus

Breadth

3 traders

Top 2 hold 99%

Freshness

Fresh

12h old

Flip Quality

Watch

1 consensus flip

Breadth vs concentrationCrowded

43% of non-arb traders are on Denmark. Concentration is driven by the top two positions owning 99% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrPortugal 75% · 4
Diverging
Top 1000Portugal 57% · 7
Diverging

Chat

EV Calculator

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

Break-even chance84.2%

82.5¢ price + 1.0¢ spread + 0.7¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$18.78
Max Loss
-$100.00
Shares
118.8

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
0x83d642fa...64472a
Slug
unl-prt-den-2026-11-14-spread-home-2pt5
Trade on Polymarket