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Did you know that it’s possible to generate profits from the stock market without actually possessing or engaging in the trading of stocks?
While this approach may seem unconventional, Betonline.com offers the opportunity to place bets on the prices of specific stocks, such as Tesla (TSLA) or even Anheuser-Busch (BUD).
Now, let’s delve into the details of some popular stock prices and items available for betting.
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.
Tesla (TSLA)
Now, let’s look at Tesla, the popular but divisive energy company led by Elon Musk. Oddsmakers have priced the stock at $215.50 over/under total.
| TSLA Share Price Jan 31st at Close |  |  |  |
| Under 215.5 $ | -120 | -120 | -120 |
| Over 215.5 $ | -120 | -120 | -120 |
Most investors and shareholders are unhappy with Elon Musk’s stance towards Artificial Intelligence.
From @Breakingviews: Elon Musk has said that he is ‘uncomfortable’ developing Tesla into a leader in #AI unless he has more control. One way to do that is to issue common stock to Musk, but Jonathan Guilford says that option is not going to be easy pic.twitter.com/eurP8jYoji
— Reuters (@Reuters) January 19, 2024
The stock has declined 17% last month, dropping $45 per share. It’s currently trading at $211.88.
Tesla exhibits a high level of unpredictability in its stock performance. It surges when poised for a decline, and vice versa.
Effectively managing the inherent unpredictability of this stock poses a challenge, demanding a strategic and cautious approach.
Because of the existing uncertainties, I am ready to look at the current scenario.
Considering the even pricing with both outcomes set at -120, choosing the under option appears advantageous, as there is no distinct advantage in either direction.
Anheuser-Busch (BUD)
Let’s turn our attention to the well-known beer producer, Anheuser-Busch (BUD).
| BUD Share Price Jan 31st at Close | | | |
| Under 62.5 $ | +110 | +110 | +110 |
| Over 62.5 $ | -150 | -150 | -150 |
Oddsmakers have placed an over/under price of $62.50 for Anheuser-Busch stock.
The price set is very close to where it’s currently trading ($62.70), and it’s had a slight decline this month, dropping about $1.15.
The price has been trending slightly over the past 3 months, so this one will come down to the last day of the month.
With all the additional football games and marketing, the price could quickly increase by the end of the month.
The wild card round is here, but there’s still time to score a seat at the AFC & NFC Championship games or even Super Bowl LVIII
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— Bud Light (@budlight) January 14, 2024
Oddsmakers favor over-pricing that option at -150, indicating an implied probability of 60%.
I will agree with the oddsmakers and believe BUD stock will continue fluctuating throughout the month but will end up over $62.50.
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Endeavor (EDR)
The last price we will take a look at is going to be Endeavor (EDR). Endeavor is a significant sports, media, and entertainment player.
The current price per share stands at an over/under value of $23.50.
| Endeavor Share Price Jan 31st at Close | | | |
| Under 63.5 $ | -120 | -120 | -120 |
| Over 63.5 $ | -120 | -120 | -120 |
Oddsmakers don’t seem to be providing much indication of how they feel toward Endeavor. They’ve provided even odds of -120 on either side of this option.
Let’s dive into the data for the past month. There has been a slight decline of 2.5%.
It’s currently trading at $23.04 and has spent most of the month trading above the target of $23.50.
This makes me believe it’s more probable than not that the stock ends the month over the $23.50 total.
I recommend betting Over $23.50 for the price of Endeavor shares by the end of January at -120 odds.
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