Tony Reyes
When navigating through sportsbooks, you must carefully assess the options. Discovering exclusive financial markets that offer unique opportunities for placing your bets is 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.
BetOnline.com will allow you to bet on the price of stock shares to make money off the stock market without buying a share. Let’s take a look at some of the more unique markets.
S & P 500 (Sep 30th)
The S&P 500, often referred to as the Standard and Poor’s 500, functions as an index designed to monitor the performance of 500 leading companies listed on different stock exchanges throughout the United States.
This index holds a prominent position as one of the most closely observed indicators of equity market performance.
| S & P Sep 30th at close |  |  |  |
| Over $4495.50 | -120 | -120 | -120 |
| Under $4495.50 | -120 | -120 | -120 |
Oddsmakers have set an over/under on the total of $4495.50 at -120 odds for both over or under that number.
As of this writing, the S&P is at $4477.23, clearly under that total. Taking a closer look at the past month, the S&P has decreased by $12.29.
The S&P 500 could crash nearly 50% and approach pandemic lows as a severe recession sets in warns Milton Berg, a former advisor to George Soros and Stanley Druckenmiller pic.twitter.com/HVMzF5vlv4
— Barchart (@Barchart) September 12, 2023
These oddsmakers are overestimating the value of the S&P 500 right now. Looking at the data, I would recommend betting under $4495.50 by the end of September at -120 odds at BetOnline.
S & P 500 (End of Year)
We can also look at what oddsmakers believe the S&P 500 will perform by the end of the year.
| S & P End of Year | | | |
| Over $4517.50 | -120 | -120 | -120 |
| Under $4517.50 | -120 | -120 | -120 |
Oddsmakers have provided the same odds, but the price is much higher. $4517.50 is a higher number than has been on the S&P 500 for the majority of the year.
Small Cap stocks are underperforming the S&P 500 by the largest margin in 22 years pic.twitter.com/Efpe6ByjME
— Barchart (@Barchart) September 12, 2023
Gaining clarity or reaching a consensus on the future of the S&P 500 is a challenging task. There’s an abundance of projections and estimates, each leaning in different directions.
There’s a ton of division in the speculation about how the S&P 500 will perform the rest of the year. There were rumors earlier this summer how Artificial Intelligence would affect earnings.
I don’t think we got any clarification on the AI matter and I think companies are starting to realize how they can profit from it.
Contrarian strategies are often highly profitable. Although an increase may seem optimistic, I can’t recommend betting over that threshold at -120 odds.
Instead, I suggest considering a bet under $4517.50.
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.
Crypto.com Arena changes name or Coinbase leaves the US
The future of both the Crypto.com Arena and Coinbase, a prominent player in the cryptocurrency exchange market, is clouded with uncertainty.
While some skeptics may anticipate a decline in the cryptocurrency sector, Betonline’s oddsmakers maintain strong confidence in Coinbase’s continued presence.
| | |
|
| Crypto.com Arena | -500 | -500 | -500 |
| Coinbase leaves US Market | +300 | +300 | +300 |
They provide an interesting +300 option, indicating a potential exit of Coinbase from the US market. The +300 odds imply a 25% chance of this happening, which is quite significant.
Conversely, oddsmakers have a different outlook for the Crypto.com Arena, giving it a -500 price for the possibility of a name change.
I align with the oddsmakers’ perspective and am inclined to bet on the likelihood of another company acquiring the naming rights for the Crypto.com Arena.
However, it’s important to note that the steep -500 price may not offer much value in return.
Before placing bets on any event, we advise you to check out the top sportsbook bonuses available, which can be used to double your initial bankroll.
