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When exploring sportsbooks, it’s essential to assess the available options thoroughly. Discovering unique financial markets that offer exclusive betting opportunities can be fascinating.
We want to remind you that the best way to ensure you have all the necessary information before placing any bet is to check out the best sportsbook reviews.
For instance, BetOnline allows you to bet on the prices of stock shares, allowing you to profit from the stock market without actually purchasing any shares.
Let’s look at some of the less conventional markets available. However, it is worth exploring betting opportunities in the cryptocurrency market and considering its future trajectory.
The first market we will examine is the price of Bitcoin at the end of May.
Bitcoin End of May Price
| Bitcoin End of May Price |  |  |  |
| Over $63500.50 | -110 | -110 | -110 |
| Under $63500.50 | -120 | -120 | -120 |
Oddsmakers have flipped the script and are now skeptical of Bitcoin. They’ve set the odds on Over $63,500.50 at -110. The Under is priced at -120, indicating an implied probability of 54%.
Let’s look at why Oddsmakers have had this sudden change of heart regarding Bitcoin.
Bitcoin dropped about $6500 last month but spiked several times in April. Everything indicates that Bitcoin will continue to increase this month.
Historically, crypto bull runs end 18 months after halving.
Bitcoin dips or moves sideways in the weeks after the halving.
And alt seasons kick off a few weeks after the halving.
But for some reason, everyone’s acting like BTC should be at 100k already and alts 100x…
What’s…
— Lady of Crypto (@LadyofCrypto1) May 9, 2024
I agree with the oddsmakers and would bet over $63,500.50 at -120 odds.
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Bitcoin End of Year Price
After we’ve explored the market for Bitcoin’s price at the end of May, let’s extrapolate what the price will be at the End of the Year.
| Bitcoin End of Year | | | |
| Over $68000.5 | -150 | -150 | -150 |
| Under $68000.5 | +110 | +110 | +110 |
Bitcoin has seen a massive increase in the past year, more than doubling its initial value. It has increased by about $35K in the past year—an increase of over 125%!
Although it seems like Bitcoin has been skyrocketing lately, the upcoming halving event in April did not lead to the projected increase.
In the 2015-2017 cycle, Bitcoin peaked 518 days after the Halving
In the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving
If history repeats and the next Bull Market peak occurs 518-546 days after the Halving…
That would mean Bitcoin could peak in this cycle… pic.twitter.com/rCgmxdDA3D
— Rekt Capital (@rektcapital) May 8, 2024
I agree with the oddsmakers on this one; it feels like a reactionary number. Last month, oddsmakers were willing to go all the way up to $75,500 for Bitcoin’s end-of-year price.
A decline of $7000 in one month feels like a lot in the short term, but by year’s end, I would have to agree that Bitcoin will be over $68,000.50.
I would bet Over $68,000.50 at -150 odds, even though it is tempting to try and fade the oddsmakers with the plus money odds offered on the Under at +110.
Bitcoin Vs. Ethereum
Let’s delve into a unique market that pits two of the most popular cryptocurrencies against each other. We’re presented with the option to bet whether Bitcoin will reach $100,000 first or Ethereum will reach $6,000.
| Bitcoin vs Ethereum | | | |
| Bitcoin hits $100 | 000 | -130 | -130 |
| Ethereum hits $6 | 000 | -110 | -110 |
It’s an intriguing speculation because Bitcoin is currently far from $100,000, while Ethereum sits at $3,000. Although Ethereum’s target seems closer, we must recognize Bitcoin’s potential.
Gary says crypto doesn’t have disclosures.
He is wrong.
Ethereum issues a decentralized earnings report every 12 seconds and it’s available globally to anyone with an internet connection.
Crypto doesn’t just have disclosures – it has better disclosures. Open source and… pic.twitter.com/J5pGz8MTlZ
— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) May 8, 2024
Oddsmakers have given Bitcoin a slight edge, with (-130 vs. -110) odds, but this difference doesn’t seem significant enough to draw any concrete conclusions.
Further research suggests that Ethereum may be gaining popularity, but the evidence doesn’t fully support this claim.
In this scenario, I respectfully agree with the oddsmakers. I have confidence in Bitcoin’s trajectory and will continue to support it whenever the opportunity arises.
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