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Spread: Heat (-6.5)

7 of 11 top Polymarket traders hold Heat (64%) · Heat at 59¢ · $2K held · ends Nov 11

Heat59¢Jazz41¢Ends Wed, Nov 11, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Heat

Consensus Traders

11

Heat 64%

3 arb excluded

Total Value

$2.1K

Combined PnL

-$46.5

Smart Money Entry

59.2¢ → 58.5¢

-1% since entry · 7 traders

Research grade

AvoidHeat at 59%

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

Heat

7 of 11 top traders (64%)3 arbitrage traders dimmed4 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Heat59%
Jazz42%

Smart Money Breakdown by Outcome

Heat7 traders
Total Value$1.0K
Total Shares1,727
Combined PnL-$25.1
Jazz4 traders
Total Value$304
Total Shares760
Combined PnL-$21.4
Heat — 64%Jazz — 36%

Signal Intelligence

Momentum

Surging

+6 pts consensus

Breadth

7 traders

Top 2 hold 81%

Freshness

Fresh

5h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

64% of non-arb traders are on Heat. Concentration is driven by the top two positions owning 81% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrHeat 63% · 8
Aligned
Hand-pickedHeat 100% · 1
Aligned
Top 1000Heat 60% · 10
Aligned

Chat

EV Calculator

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

Break-even chance60.7%

58.5¢ 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
+$64.73
Max Loss
-$100.00
Shares
164.7

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
0x55c305c3...66b91d
Slug
nba-mia-uta-2026-11-10-spread-away-6pt5
Trade on Polymarket