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Smart money holds the underdog side

Most tracked traders hold No, while the market favors Yes (60%). 3 of 5 traders hold an outcome priced under 50%.

Will "Encore" be played at the 2027 Big Game halftime show?

3 of 5 top Polymarket traders hold No (60%) · No at 40¢ · $78 held · ends Feb 15, 2027

Yes60¢No40¢Ends Mon, Feb 15, 2027View on Polymarket
SIGNAL

⚖️

Neutral

No

Consensus Traders

5

No 60%

Total Value

$77.59

Combined PnL

-$17.61

Research grade

NeutralNo at 40%

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 30–50¢Full year, out of sample: 0.30–0.50 lost −4.8 % a trade (n 16,830, 95 % CI −6.6 to −3.1), worse than the plain consensus.

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

No

3 of 5 top traders (60%)Underdog side (market favors Yes 60%)3 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes60%
No40%

Smart Money Breakdown by Outcome

No3 traders
Total Value$52.66
Total Shares80
Combined PnL+$0.6
Yes2 traders
Total Value$24.93
Total Shares52
Combined PnL-$18.21
No — 60%Yes — 40%

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EV Calculator

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

Break-even chance42.2%

40.0¢ price + 1.0¢ spread + 1.2¢ fee (Culture 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$136.91
Max Loss
-$100.00
Shares
236.9

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
0xb85e77a0...478d13
Slug
will-encore-be-played-at-the-2027-big-game-halftime-show
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