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Spread: Toledo (-21.5)

2 of 11 top Polymarket traders hold Toledo (18%) · Toledo at 51¢ · $54K held · ended Nov 12

Toledo51¢UMass49¢Ended Thu, Nov 12, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Toledo

Consensus Traders

11

Toledo 18%

Total Value

$53.6K

Combined PnL

-$298.93

Smart Money Entry

52.8¢ → 50.5¢

-4% since entry · 2 traders

Research grade

NeutralToledo at 51%

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.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.
  • Side priced 50–60¢Full year, out of sample: 0.50–0.70 lost −2.9 % a trade (n 23,546, 95 % CI −3.9 to −1.9).

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

Toledo

2 of 11 top traders (18%)9 hold an outcome priced under 50%1 small position dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Toledo51%
UMass50%

Smart Money Breakdown by Outcome

Toledo2 traders
Total Value$26.6K
Total Shares52,647
Combined PnL$-1.2K
UMass9 traders
Total Value$27.0K
Total Shares55,284
Combined PnL+$892.78
Toledo — 18%UMass — 82%

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EV Calculator

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

Break-even chance52.7%

50.5¢ 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
+$89.58
Max Loss
-$100.00
Shares
189.6

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
0x29a7e6a5...d6349c
Slug
cfb-umass-toledo-2026-11-11-spread-home-21pt5
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