Smart money holds the underdog side
Most tracked traders hold Under, while the market favors Over (100%). 3 of 4 traders hold an outcome priced under 50%.
Historically, consensus on sides priced under 40¢ lost money after costs.

Paris Saint-Germain FC vs. FC Bayern München: 1st Half O/U 1.5
3 of 4 top Polymarket traders hold Under (75%) · Under at 0.1¢ · $9K held · ended Nov 10
⚠️
Avoid
Under
4
Under 75%
1 arb excluded
$8.9K
$1.3K
51.9¢ → 0.1¢
-100% since entry · 3 traders
Research grade
AvoidUnder at 0%
Matches a pattern that lost clearly more than the plain consensus in our tests.
- Consensus side under 30¢Full year, out of sample: 0.05–0.30 lost −8.1 % a trade (n 11,568), under 0.20 −20.5 % (n 3,615). Oct 22 backtest: −29.5 % (n 1,625). The strongest effect in every test.
- 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.
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
3 of 4 top traders (75%)Underdog side (market favors Over 100%)1 arbitrage trader dimmed3 hold an outcome priced under 50%1 small position dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Flat
+0 pts consensus
Breadth
3 traders
Top 2 hold 100%
Freshness
Fresh
0h old
Flip Quality
Clean
0 consensus flips
75% of non-arb traders are on Under. Concentration is driven by the top two positions owning 100% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
0X 0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872ARB<$100 | Overavg 39.3¢ | $2.2K | $4.2K | +$2.1K | 56% 488-383 (871) |
| └ Over leg | Overavg 39.3¢ | $1.2K | $3.0K | +$1.8K | |
| └ Under leg | Underavg 52.9¢ | $992.08 | $1.3K | +$283.49 | |
FL FlaznorpCTR | Underavg 61¢ | $3.0K | $3.7K | +$736.33 | 50% 1421-1422 (2843) |
![]() RN1CTR | Underavg 5¢ | $45.53 | $609.01 | +$563.48 | 58% 3766-2722 (6488) |
0X 0xE337F5A28E9C530a676C959A1888Ba5368664ad6-1779639269540 | Overavg 99¢ | $332.3 | $335.49 | +$3.19 | 79% 22-6 (28) |
0X 0xdbdd45150249e229eB4cA8aa48A30Dca21Faa5de-1757094771846CTR<$100 | Underavg 55¢ | $5 | $6.18 | +$1.18 | 24% 103-322 (425) |
Invested
$2,166.62
Value
$4.2K
PnL
+$2.1K
Record
56%
488-383 (871)
Both legs:
Invested
$2,993.98
Value
$3.7K
PnL
+$736.33
Record
50%
1421-1422 (2843)
RN1CTRInvested
$45.53
Value
$609.01
PnL
+$563.48
Record
58%
3766-2722 (6488)
Invested
$332.3
Value
$335.49
PnL
+$3.19
Record
79%
22-6 (28)
Invested
$5
Value
$6.18
PnL
+$1.18
Record
24%
103-322 (425)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
0.1¢ price + 1.0¢ spread + 0.1¢ fee (Sports 5%). Win more often than this and the bet pays.
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
Traders in this Market
0x228B8d11EBa89BF1c554f8879a9293B7106DaF4c-1765442354872
ARBArbitrage — excluded
Flaznorp
CTRUnder — $3.7K

RN1
CTRUnder — $609.01
0xE337F5A28E9C530a676C959A1888Ba5368664ad6-1779639269540
Over — $335.49
0xdbdd45150249e229eB4cA8aa48A30Dca21Faa5de-1757094771846
CTRUnder — $6.18