Skip to content
PolyConsensus
Back to Markets

Smart money holds the underdog side

Most tracked traders hold Yes, while the market favors No (100%). 3 of 4 traders hold an outcome priced under 50%.

Historically, consensus on sides priced under 40¢ lost money after costs.

Will Richard Grayson win the Alaska Senate race in 2026?

3 of 4 top Polymarket traders hold Yes (75%) · Yes at 0.0¢ · $12 held · ends Nov 4

Yes<1¢No>99¢Ends Wed, Nov 4, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Yes

Consensus Traders

4

Yes 75%

Total Value

$11.65

Combined PnL

-$498.08

Research grade

AvoidYes 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.
  • Fewer than 5 holdersEvery backtest needed 5+ holders; with fewer nothing was measured.

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

Yes

3 of 4 top traders (75%)Underdog side (market favors No 100%)3 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes0%
No100%

Smart Money Breakdown by Outcome

No1 trader
Total Value$4.32
Total Shares4
Combined PnL+$0.01
Yes3 traders
Total Value$7.33
Total Shares14,658
Combined PnL-$498.09
No — 25%Yes — 75%

Chat

Sign in with your wallet to post.

EV Calculator

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

Break-even chance1.1%

0.0¢ price + 1.0¢ spread + 0.0¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$9061.21
Max Loss
-$100.00
Shares
9161.2

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
0x998ee2bd...fd06d8
Slug
will-richard-grayson-win-the-alaska-senate-race-in-2026
Trade on Polymarket