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Smart money holds the underdog side

Most tracked traders hold Yes, while the market favors No (100%). 3 of 5 traders hold an outcome priced under 50%.

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

Will the Democrats win the Nebraska Senate race in 2026?

3 of 5 top Polymarket traders hold Yes (60%) · Yes at 0.1¢ · $125 held · ends Nov 3

Yes<1¢No>99¢Ends Tue, Nov 3, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Yes

Consensus Traders

5

Yes 60%

Total Value

$124.51

Combined PnL

-$675.53

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.

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 5 top traders (60%)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

No2 traders
Total Value$120.07
Total Shares120
Combined PnL+$3.46
Yes3 traders
Total Value$4.44
Total Shares8,885
Combined PnL-$679
No — 40%Yes — 60%

Signal Intelligence

Momentum

Fading

-11 pts consensus

Breadth

3 traders

Top 2 hold 89%

Freshness

Late

4825h old

Flip Quality

Choppy

17 consensus flips

Breadth vs concentrationCrowded

60% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 89% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
The hand-picked list (1 on No) and the top 1000 (5 on Yes) disagree here.
sharpNo 100% · 1
Diverging
ctrNo 100% · 1
Diverging
Hand-pickedNo 100% · 1
Diverging
Top 1000Yes 60% · 5
Aligned

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EV Calculator

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

Break-even chance1.1%

0.1¢ 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
0x12ac4753...b17597
Slug
will-the-democrats-win-the-nebraska-senate-race-in-2026
Trade on Polymarket