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Spread: Magic (-7.5)

4 of 14 top Polymarket traders hold Kings (29%) · Kings at 56¢ · $12K held · ends Nov 11

Magic45¢Kings55¢Ends Wed, Nov 11, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Kings

Consensus Traders

14

Kings 29%

1 arb excluded

Total Value

$12.3K

Combined PnL

$53.12

Smart Money Entry

55¢ → 55.5¢

+1% since entry · 4 traders

Research grade

AvoidKings at 56%

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.
  • 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

Kings

4 of 14 top traders (29%)1 arbitrage trader dimmed10 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Magic45%
Kings56%

Smart Money Breakdown by Outcome

Kings4 traders
Total Value$6.4K
Total Shares11,466
Combined PnL+$64.07
Magic10 traders
Total Value$5.7K
Total Shares11,045
Combined PnL-$10.95
Kings — 29%Magic — 71%

Signal Intelligence

Momentum

Surging

-13 pts consensus

Breadth

4 traders

Top 2 hold 100%

Freshness

Fresh

3h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

25% of non-arb traders are on Kings. Concentration is driven by the top two positions owning 100% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
sharpKings 100% · 1
Aligned
ctrMagic 67% · 12
Diverging
Hand-pickedMagic 100% · 1
Diverging
Top 1000Magic 73% · 15
Diverging

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EV Calculator

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

Break-even chance57.7%

55.5¢ 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
+$73.22
Max Loss
-$100.00
Shares
173.2

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
0xbaa0e81a...c2ba1f
Slug
nba-orl-sac-2026-11-10-spread-away-7pt5
Trade on Polymarket