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Smart money holds the underdog side

Most tracked traders hold Energetik Mingechevir, while the market favors Shahdag Qusar FK (60%). 4 of 4 traders hold an outcome priced under 50%.

Spread: Shahdag Qusar FK (-2.5)

4 of 4 top Polymarket traders hold Energetik Mingechevir (100%) · Energetik Mingechevir at 41¢ · $537 held · ended Nov 4

Shahdag Qusar FK60¢Energetik Mingechevir40¢Ended Wed, Nov 4, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Energetik Mingechevir

Consensus Traders

4

Energetik Mingechevir 100%

1 arb excluded

Total Value

$537.32

Combined PnL

$2.05

Smart Money Entry

47.4¢ → 40.5¢

-15% since entry · 4 traders

Research grade

NeutralEnergetik Mingechevir at 41%

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.
  • 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

Energetik Mingechevir

4 of 4 top traders (100%)Underdog side (market favors Shahdag Qusar FK 60%)1 arbitrage trader dimmed4 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Shahdag Qusar FK60%
Energetik Mingechevir41%

Smart Money Breakdown by Outcome

Energetik Mingechevir4 traders
Total Value$371.85
Total Shares918
Combined PnL+$2.05

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

4 traders

Top 2 hold 98%

Freshness

Mature

41h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

100% of non-arb traders are on Energetik Mingechevir. Concentration is driven by the top two positions owning 98% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleEnergetik Mingechevir 100% · 2
Aligned
ctrEnergetik Mingechevir 100% · 2
Aligned
Hand-pickedEnergetik Mingechevir 100% · 1
Aligned
Top 1000Energetik Mingechevir 100% · 3
Aligned

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EV Calculator

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

Break-even chance42.7%

40.5¢ price + 1.0¢ spread + 1.2¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$134.12
Max Loss
-$100.00
Shares
234.1

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
0x38506e15...d6eeb0
Slug
aze2-emi-sha-2026-11-04-spread-away-2pt5
Trade on Polymarket