Smart money holds the underdog side
Most tracked traders hold Yes, while the market favors No (72%). 4 of 5 traders hold an outcome priced under 50%.
Historically, consensus on sides priced under 40¢ lost money after costs.

Will the Democratic Party candidate win the 2026 Ohio Senate election by 3%-6%?
4 of 5 top Polymarket traders hold Yes (80%) · Yes at 28¢ · $995 held · ends Nov 4
⚠️
Avoid
Yes
5
Yes 80%
1 arb excluded
$994.97
$110.42
23.9¢ → 28¢
+17% since entry · 4 traders
Research grade
AvoidYes at 28%
Matches a pattern that lost clearly more than the plain consensus in our tests.
- Consensus side under 30¢Full year, out of sample: 0.05–0.30 lost −8.1 % a trade (n 11,568), under 0.20 −20.5 % (n 3,615). Oct 22 backtest: −29.5 % (n 1,625). The strongest effect in every test.
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
4 of 5 top traders (80%)Underdog side (market favors No 72%)1 arbitrage trader dimmed4 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
![]() IstarothARB<$100 | Noavg 72¢ | $378.26 | $374.96 | -$0.11 | 27% 281-769 (1050) |
| └ No leg | Noavg 72¢ | $269.97 | $262.48 | -$7.52 | |
| └ Yes leg | Yesavg 28¢ | $104.99 | $112.49 | +$7.4 | |
LO Loyalty-CrashCTR | Yesavg 24¢ | $274.38 | $342.97 | +$62.88 | 62% 45-28 (73) |
XT xtxpleasecallmeCTR | Yesavg 26.1¢ | $163.94 | $184.58 | +$20.64 | 36% 14842-26964 (41806) |
![]() fkpaCTR<$100 | Yesavg 16.3¢ | $32.17 | $59.14 | +$25.98 | — 1-0 (1) |
IM immanuelcan<$100 | Noavg 70¢ | $23.47 | $23.47 | +$0.17 | 53% 903-786 (1689) |
GH ghorrockCTR<$100 | Yesavg 26.6¢ | $13.04 | $9.84 | +$0.75 | 57% 13137-10012 (23149) |
IstarothARB<$100Invested
$378.26
Value
$374.96
PnL
-$0.11
Record
27%
281-769 (1050)
Both legs:
Invested
$274.38
Value
$342.97
PnL
+$62.88
Record
62%
45-28 (73)
Invested
$163.94
Value
$184.58
PnL
+$20.64
Record
36%
14842-26964 (41806)
fkpaCTR<$100Invested
$32.17
Value
$59.14
PnL
+$25.98
Record
—
1-0 (1)
Invested
$23.47
Value
$23.47
PnL
+$0.17
Record
53%
903-786 (1689)
Invested
$13.04
Value
$9.84
PnL
+$0.75
Record
57%
13137-10012 (23149)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
28.0¢ price + 1.0¢ spread + 0.8¢ fee (Politics 4%). Win more often than this and the bet pays.
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.