polyshadow

Esports: Tournament Brackets, Patch Meta, and Roster Changes

Markets analysed

42

Avg lead changes

2.2

per market

Avg probability swing

48%

winner min to loser max

One-sided markets

33%

never changed leader

Esports markets cover major tournament results (The International, World Championship, CS2 Majors) and individual match outcomes. Like traditional sports, these markets move in real-time with game events and can have sharp momentum swings within a single match.

Esports markets often have lower liquidity than comparable sports markets, meaning larger price swings are possible on relatively small capital. Information about team conditions (roster changes, bootcamp results, recent scrimmage performance) is frequently available on community forums and social media before it is priced into the market.

Lead Changes

Lead Change Distribution

How many times did the market leader flip during the market's lifetime? Zero means one side dominated from open to close. Higher numbers mean contested, back-and-forth outcomes: the kind that create the most trading opportunity.

14
10
6
3
3
1
1
1
3
0
1
2
3
4
5
6
7
8
9+

Number of lead changes per market

Probability Ranges

Probability Range by Market

Each bar is one resolved market. The coloured zone spans from the winner's lowest point (left edge) to the loser's peak (white marker) — this is where a reversal was possible. The dim green tail extends from the loser's peak to 100%, where the winner eventually resolved. A wide red zone means the market was nearly overturned.

0%Winner probability range100%
Low drama — winner dominatedHigh drama — near comebackWinner's clear zone → 100%
Reversal Timing

When Did Reversals Happen?

Each dot is a market that had at least one lead change. The x-axis shows when the last reversal happened as a percentage of the market's total lifetime. Points in the shaded red zone (75-100%) reversed in the final quarter, the highest-risk window for certainty sellers.

024680%25%50%75%100%lateCounter-Strike: FlyQuest vs paiN - Map 1 WinnerDota 2: Team Yandex vs LGD Gaming - Game 3 WinnerValorant: 100 Thieves vs LOUD - Map 4 WinnerValorant: Nova Esports vs TYLOO - Map 2 WinnerLoL: Once Upon A Team vs mCon esports - Game 4 WinnerLoL: Once Upon A Team vs mCon esports - Game 3 WinnerMap Handicap: VOCA (-1.5) vs Chicken Coop Esports (+1.5)Valorant: Pigeons vs Evil Geniuses Academy (BO3) - VCL North America: Stage 3 Group StageValorant: Chivas Esports vs Contra - Map 1 WinnerDota 2: GLYPH vs Aurora (BO1) - BLAST Slam Group StageCounter-Strike: HEROIC Academy vs TNC - Map 2 WinnerMobile Legends Bang Bang: Dark Phoenix vs Aterion Esports (BO3) - BetBoom Rise of Legends 2nd DivisionValorant: All Gamers vs FunPlus Phoenix - Map 1 WinnerMap Handicap: ALGO (-1.5) vs MANA eSports (+1.5)Counter-Strike: CYBERSHOKE Prospects vs ex-Zero Tenacity (BO3) - CCT Europe Closed Qualifier: Series #3 Play-InCounter-Strike: Misa Esports vs Bebop - Map 2 WinnerMap Handicap: BBP (-1.5) vs Misa Esports (+1.5)Counter-Strike: AM Gaming vs Just Players (BO3) - CCT Europe Series 2 Group StageLoL: Karmine Corp vs G2 Esports - Game 1 WinnerLoL: Karmine Corp vs G2 Esports - Game 2 WinnerLoL: Team WE vs LNG Esports - Game 4 WinnerLoL: Team WE vs LNG Esports - Game 2 WinnerLoL: Team WE vs LNG Esports - Game 1 WinnerLoL: Team WE vs LNG Esports - Game 3 WinnerDota 2: Tundra Esports vs Xtreme Gaming - Game 2 WinnerDota 2: Aurora vs Tundra Esports - Game 2 WinnerDota 2: BetBoom Team vs PlayTime - Game 2 WinnerDota 2: Tundra Esports vs Xtreme Gaming - Game 1 WinnerWhen did the last reversal happen (% through market)Lead changes
Trading Angle

Community information is a structural edge in esports markets. Team roster changes, player visa issues, and coach departures are often public information on team Discords and fan forums hours or days before Polymarket prices react. Monitoring team communications ahead of major tournaments is one of the most consistent information advantages in this category.

Calibration

Calibration Curve

When a Esports market prices the favourite at 80%, does it actually win 80% of the time? Points below the dashed diagonal mean the market is overconfident. Each coloured line shows calibration at a different stage of the market's lifetime; systematic deviation is where the edge lives.

Perfect calibration50%60%70%80%90%100%0%25%50%75%100%Favourite's implied probabilityActual win rateEarly (10%)Midpoint (50%)Late (80%)
Upset Probability

Upset Probability Matrix

If the favourite is at X% at this stage of the market, how often does the underdog still win? Red cells are where the market is systematically overconfident. The Late (80%) row is the most actionable: this is where traders decide whether to fade certainty or follow momentum.

When evaluated50–60%60–70%70–80%80–90%90–100%
Early (10%)
38%
upset
24 markets
63%
upset
8 markets
60%
upset
5 markets
0%
upset
5 markets
Midpoint (50%)
29%
upset
21 markets
40%
upset
10 markets
75%
upset
4 markets
0%
upset
7 markets
Late (80%)
44%
upset
16 markets
40%
upset
10 markets
50%
upset
2 markets
0%
upset
1 markets
0%
upset
13 markets
<5% upset
12–20%
20–30%
>30% (mispriced)
Smart Money

Where Smart Money Enters

Every $10,000+ trade on a Esports market plotted by two dimensions: what probability was the market at when the trade happened (x-axis), and how far through the market's lifetime it was placed (y-axis). Brighter cells mean more large-capital entries at that combination. A cluster at low probability early suggests informed contrarian positioning. A cluster at high probability late suggests momentum-following by large accounts.

0%10%20%30%40%50%60%70%80%90%Outcome probability at trade time0%10%20%30%40%50%60%70%80%90%% through market at trade timefewermore
Market Extremes

Most Dramatic Resolved Markets

Ranked by probability swing (the gap between the winner's lowest point and the loser's highest point). These are the markets where the eventual winner was most seriously challenged.

Act on these patterns in real time

Polyshadow signals fire when smart money bets match the patterns described above: late-money whale positions, new-account bets, and convergence across unconnected wallets.

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