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Smart money holds the underdog side

Most tracked traders hold Steelers, while the market favors Browns (51%). 4 of 7 traders hold an outcome priced under 50%.

Spread: Steelers (-3.5)

4 of 7 top Polymarket traders hold Steelers (57%) · Steelers at 50¢ · $39K held · ends Nov 1

Steelers50¢Browns50¢Ends Sun, Nov 1, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Steelers

Consensus Traders

7

Steelers 57%

1 arb excluded

Total Value

$38.6K

Combined PnL

$80.65

Smart Money Entry

48.5¢ → 49.5¢

+2% since entry · 4 traders

Research grade

NeutralSteelers at 50%

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 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

Steelers

4 of 7 top traders (57%)Underdog side (market favors Browns 51%)1 arbitrage trader dimmed4 hold an outcome priced under 50%1 small position dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Steelers50%
Browns51%

Smart Money Breakdown by Outcome

Steelers4 traders
Total Value$18.2K
Total Shares36,794
Combined PnL+$351.73
Browns3 traders
Total Value$11.2K
Total Shares22,215
Combined PnL-$271.07
Steelers — 57%Browns — 43%

Signal Intelligence

Momentum

Building

-3 pts consensus

Breadth

4 traders

Top 2 hold 97%

Freshness

Late

117h old

Flip Quality

Clean

1 consensus flip

Breadth vs concentrationCrowded

57% of non-arb traders are on Steelers. Concentration is driven by the top two positions owning 97% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleBrowns 100% · 1
Diverging
sharpBrowns 100% · 2
Diverging
ctrSteelers 60% · 5
Aligned
Hand-pickedSteelers 100% · 1
Aligned
Top 1000Steelers 50% · 6
Aligned

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EV Calculator

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

Break-even chance51.7%

49.5¢ 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
+$93.24
Max Loss
-$100.00
Shares
193.2

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
0xc428f6d3...689af5
Slug
nfl-cle-pit-2026-11-01-spread-home-3pt5
Trade on Polymarket