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Spread: Türkiye (-2.5)

2 of 7 top Polymarket traders hold Belgium (29%) · Belgium at 97¢ · $12K held · ends Nov 12

Türkiye3¢Belgium97¢Ends Thu, Nov 12, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Belgium

Consensus Traders

7

Belgium 29%

Total Value

$12.0K

Combined PnL

-$7.72

Smart Money Entry

96.9¢ → 96.8¢

+0% since entry · 2 traders

Research grade

NeutralBelgium at 97%

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 %).

  • Side priced over 95¢Full year, out of sample: 0.90–0.95 −0.2 % a trade (n 12,989, 95 % CI −0.6 to +0.3); above 95¢ little is left to win and the tests stop at 0.95.
  • 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.

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

Belgium

2 of 7 top traders (29%)5 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Türkiye3%
Belgium97%

Smart Money Breakdown by Outcome

Belgium2 traders
Total Value$11.2K
Total Shares11,555
Combined PnL-$16.86
Türkiye5 traders
Total Value$778.96
Total Shares23,756
Combined PnL+$9.14
Belgium — 29%Türkiye — 71%

Signal Intelligence

Momentum

Surging

-3 pts consensus

Breadth

1 traders

Top 2 hold 100%

Freshness

Fresh

4h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

17% of non-arb traders are on Belgium. 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
sharpBelgium 100% · 1
Aligned
ctrTürkiye 100% · 3
Diverging
Top 1000Türkiye 83% · 6
Diverging

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EV Calculator

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

Break-even chance97.9%

96.8¢ price + 1.0¢ spread + 0.1¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$2.19
Max Loss
-$100.00
Shares
102.2

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
0xe4bf446d...ef6f8b
Slug
unl-tur-bel-2026-11-12-spread-home-2pt5
Trade on Polymarket