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Did you know you can profit from the stock market without owning or trading stocks?
In an unconventional approach, Betonline.com allows you to place bets on the prices of specific stocks, such as Tesla (TSLA) or Anheuser-Busch (BUD).
Let’s explore some of the popular stock prices and options 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 $177.50 over/under total.
| TSLA Share Price Mar 31st at Close |  |  |  |
| Under 164.5 $ | -130 | -130 | -130 |
| Over 164.5 $ | -110 | -110 | -110 |
Last month saw a 19% decline in the stock, plummeting by $38 per share to its current trading price of $162.50.
Tesla is the worst performing stock in the S&P 500. Analysts say it has further to fall https://t.co/Wop7LnmT5x
— CTV News (@CTVNews) March 15, 2024
Tesla’s stock is known for its high volatility, often surging when expected to decline and vice versa.
Navigating this inherent unpredictability requires a strategic and cautious approach.
Given the current uncertainties, it’s prudent to assess the current situation.
With the under priced at -130, opting for the under option seems advantageous, as oddsmakers seem to believe Tesla’s downturn will continue.
Analysts are forecasting that Tesla’s expansion will plateau this year, followed by a decline in 2025 due to escalating competition.
That decline should force the company’s necessity to once again reduce prices.
Anheuser-Busch (BUD)
Let’s focus on the renowned beer producer, Anheuser-Busch (BUD).
Oddsmakers have set Anheuser-Busch stock’s over/under price at $61.50.
| BUD Share Price Mar 31st at Close | | | |
| Under 61.5 $ | -120 | -120 | -120 |
| Over 61.5 $ | -120 | -120 | -120 |
This price closely aligns with its current trading value of $61.01, with a slight decline of about $1.81 observed this month.
Over the past 3 months, the price has shown a slight upward trend, making the outcome likely to hinge on the month’s final day.
Considering the influx of baseball games and marketing activities, there’s a strong chance the price could surge by month-end.
Marlboro maker to sell $2.3 billion worth of Bud Light maker’s stock https://t.co/xLMAnDe2qf
— MarketWatch (@MarketWatch) March 14, 2024
Despite large sale of the stock, oddsmakers favor the over-priced option at -120, indicating an implied probability of 54%.
I’m inclined to agree with the oddsmakers, predicting that BUD stock will continue its fluctuations but ultimately close above $61.50 by month-end.
I would recommend betting Over $61.50 for Bud stock by the end of March.
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Endeavor (EDR)
Our final analysis brings us to Endeavor (EDR), a major sports, media, and entertainment player.
| Endeavor Share Price Mar 31st at Close | | | |
| Under 25.5 $ | -130 | -130 | -130 |
| Over 25.5 $ | -110 | -110 | -110 |
Endeavor’s current share price hovers around the over/under mark of $25.50. Oddsmakers have offered a slight lean toward the under $25.50 mark, pricing it at –130. Over $25.50 is priced at -110.
@VinceMcMahon has $15 million dollars of shares at a current 9% ownership at @TKOGrp!
It is unclear what he will do with the remaining stock.
With this being said @MarkShapiro has refused the Board of Directors to engage with Vince.https://t.co/fi06WBZmwC
— Endeavor/WWE (@EndeavorWWE) March 14, 2024
Taking a look at the data from the past month, there has been a modest 2.5% increase.
Currently trading at $25.16, the stock has mostly stayed above the $24.50 target throughout the month.
Based on this trend, it appears more likely than not that the stock will finish the month above the $25.50 mark.
I recommend bet on the Over $25.50 for Endeavor shares by the end of March, with -110 odds.
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