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Spread: Hornets (-3.5)

10 of 12 top Polymarket traders hold Hornets (83%) · Hornets at 52¢ · $11K held · ends Nov 5

Hornets52¢Nets48¢Ends Thu, Nov 5, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Hornets

Consensus Traders

12

Hornets 83%

1 arb excluded

Total Value

$11.2K

Combined PnL

-$148.11

Smart Money Entry

51.3¢ → 51.5¢

+0% since entry · 10 traders

Research grade

AvoidHornets at 52%

Matches a pattern that lost clearly more than the plain consensus in our tests.

  • BasketballFull year, out of sample: basketball lost −4.8 % a trade (n 1,747, 95 % CI −9.2 to +0.3); Oct 22 backtest: −12.0 % and −9.2 % in its two windows.
  • 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 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

Hornets

10 of 12 top traders (83%)1 arbitrage trader dimmed2 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Hornets52%
Nets49%

Smart Money Breakdown by Outcome

Nets2 traders
Total Value$4.7K
Total Shares9,613
Combined PnL-$116.45
Hornets10 traders
Total Value$6.1K
Total Shares11,808
Combined PnL-$31.66
Nets — 17%Hornets — 83%

Signal Intelligence

Momentum

Surging

+12 pts consensus

Breadth

9 traders

Top 2 hold 66%

Freshness

Fresh

8h old

Flip Quality

Watch

1 consensus flip

Breadth vs concentrationBalanced

82% of non-arb traders are on Hornets. Concentration is driven by the top two positions owning 66% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleHornets 100% · 4
Aligned
sharpHornets 100% · 2
Aligned
ctrHornets 86% · 7
Aligned
Top 1000Hornets 82% · 11
Aligned

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EV Calculator

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

Break-even chance53.7%

51.5¢ 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
+$86.06
Max Loss
-$100.00
Shares
186.1

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
0xb8aab221...6f5331
Slug
nba-cha-bkn-2026-11-04-spread-away-3pt5
Trade on Polymarket