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Cryptocurrency reminds us of a very divisive topic regardless of who you speak to or how you feel about it.
Despite this, we can bet on the cryptocurrency market and speculate on the future of the companies involved in cryptocurrencies, like Binance and Coinbase.
New Binance CEO odds
Let’s look at the odds for the Binance CEO Changpeng Zhao.
Oddsmakers are confident that the company will maintain its operations without significant changes.
Nevertheless, a new betting option has emerged – you can now place a wager on the future of Changpeng Zhao, who currently serves as the CEO of Binance.
When analyzing the situation, oddsmakers suggest that Binance may be permitted to continue its operations, but it may come at the cost of CEO Changpeng Zhao’s departure.
Take a closer look at the odds of him stepping down this year. The odds of Zhao stepping down are currently set at -200, which implies a 66.7% likelihood of this outcome, indicating strong confidence in this scenario.
Given Binance’s recent legal troubles involving federal securities law violations, it’s logical to consider that a change in leadership may be necessary.
Consider a bet on Zhao stepping down this year at -200 on BetOnline.
Oil Price (Barrel)
I’ve stumbled upon another intriguing market that should pique everyone’s interest: the price of a barrel of oil. Interestingly, oddsmakers are still determining this one.
The odds for selecting “Over” or “Under” $90.50 seem identical.
|Oil Price (Barrel) September 30th at Close|
Considering this wager, it’s worth contemplating the seasonal gas and oil consumption patterns during the winter.
While these months typically see fewer road trips, more people use oil for heating their homes in the summertime.
Japan may extend fuel subsidies as retail gas prices top $5 per gallon https://t.co/XGHGuth9dH
— Crude Oil Prices (@CrudeOilPrices) August 30, 2023
This particular market will close at the end of September, and I anticipate a price increase. A sudden price drop would be surprising, given the consistent year-after-year price hikes in the oil market.
Oddsmakers have evenly matched the odds on both sides of this market. However, their uncertainty might work in your favor, presenting an opportunity for potential gains.
If there are threats to the oil supply, prices will rise.
Several websites are available for you to wager with; you can even choose to use the newest form of funds transfer, cryptocurrency. We have a list of the best betting sites that accept cryptocurrency as a payment method.
Gallon of Gas US National Avg on September 30th
Now, let’s explore another fascinating market that has a widespread impact on everyone: the cost of a gallon of gas.
|Gallon of Gas US National Avg on September 30|
|$4.25 or Higher||+2500||+2500||+2500|
We have many exciting options beyond this market’s standard over/under price. Surprisingly, we have a remarkable six different choices to consider.
The average cost for a gallon of gas in the United States just hit $3.90, the highest since August 2022.
On a trailing 12-month basis, this is a new seasonal record as prices are up 11% over the last month.
Compared to the historical average at this time of the year, gas prices… pic.twitter.com/nTqY05MrZq
— The Kobeissi Letter (@KobeissiLetter) September 15, 2023
Before we reveal our predictions, let’s examine the current cost of a gallon of gas, which stands at $3.87 as of September 21st.
The exciting part is that we will receive favorable odds on most selections, which is always a bonus in betting.
A closer look at this market shows that a gallon of gas cost slightly over $3.85 a month ago.
Although it may not seem apparent, the oddsmakers believe that the cost of a gallon of gas is expected to stay around the same amount.
Oddsmakers have set a price of -200 in the $3.50-$3.74 range. The implied probability of that price is -200, indicating an implied probability of around 66%
I see little value in wagering on the gas price to stay in the same range. I will have to look at another price range to find some value.
The $4.00-$4.24 looks like the best bet for value with the +155 price. I would estimate we see a slight increase in the cost of a gallon of gas.
This range has a price of +155, an implied probability of around 39%. This feels like a mistake and something we can take advantage of.
Unfortunately, it feels like the gas price will increase as we head toward the winter months.
I recommend betting on a gallon of gas cost of $4.00-4.24 at +155 odds.
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