When a market enters UMA's oracle window (a proposed answer that anyone can dispute for a fixed 'liveness' period before it locks), the on-book price often still lags the now-obvious outcome. Buy the correct side at a discount and hold through the window, sizing for the small chance the proposed answer gets disputed and overturned. The edge is that many traders won't tie up capital during the multi-hour-to-days settlement lock, so they leave cheap shares behind.
Markets on Polymarket where uma dispute-window mispricing capture is the natural play: