Smart money holds the underdog side
Most tracked traders hold Yes, while the market favors No (100%). 5 of 5 traders hold an outcome priced under 50%.
Historically, consensus on sides priced under 40¢ lost money after costs.

Will Yolanda Díaz be the next Prime Minister of Spain?
5 of 5 top Polymarket traders hold Yes (100%) · Yes at 0.1¢ · $3 held · ends Apr 1, 2028
⚠️
Avoid
Yes
5
Yes 100%
$3.25
-$52.64
Research grade
AvoidYes at 0%
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
5 of 5 top traders (100%)Underdog side (market favors No 100%)5 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Flat
+0 pts consensus
Breadth
5 traders
Top 2 hold 76%
Freshness
Late
575h old
Flip Quality
Choppy
14 consensus flips
100% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 76% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
12 123987456CTR<$100 | Yesavg 1.7¢ | $34.19 | $1.98 | -$32.21 | 45% 1824-2263 (4087) |
KL klli27CTR<$100 | Yesavg 1.7¢ | $8.22 | $0.48 | -$7.75 | 31% 295-651 (946) |
GH ghorrockCTR<$100 | Yesavg 1.7¢ | $7.87 | $0.46 | -$7.41 | 57% 13182-10034 (23216) |
![]() UbuntuTradingCTR<$100 | Yes | $0.2 | $0.2 | -$3.25 | 57% 3053-2302 (5355) |
VA vamosgamingCTR<$100 | Yesavg 1.7¢ | $2.16 | $0.13 | -$2.03 | 27% 197-526 (723) |
Invested
$34.19
Value
$1.98
PnL
-$32.21
Record
45%
1824-2263 (4087)
Invested
$8.22
Value
$0.48
PnL
-$7.75
Record
31%
295-651 (946)
Invested
$7.87
Value
$0.46
PnL
-$7.41
Record
57%
13182-10034 (23216)
UbuntuTradingCTR<$100Invested
$0.2
Value
$0.2
PnL
-$3.25
Record
57%
3053-2302 (5355)
Invested
$2.16
Value
$0.13
PnL
-$2.03
Record
27%
197-526 (723)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
0.1¢ price + 1.0¢ spread + 0.0¢ 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.