Tony Reyes
When perusing sportsbooks you will want to make sure you take a look at everything that is offered. For example, did you know there are special financial markets you are allowed to bet on?
BetOnline.com allows you to wager on the price of stock shares as well as when Elon Musk will sell Twitter.
We’d like 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.
Let’s take a look at some of the more unique options you can gamble on.
Endeavor (EDR)
The sports, media and entertainment giant’s stock price is something we can bet on. The price of a share of stock has an over/under on it of $24.50. It’s currently set at -120 for both the Over and the Under.
| Endeavor Share Price May 31st at Close |  |  |  |
| Over $24.5 | -120 | -120 | -120 |
| Under $24.5 | -120 | -120 | -120 |
The acquisition of the WWE in early April added to their catalog and helped increase revenue and profits this quarter.
The plan to merge the WWE and UFC later this year should continue to help the company bring in record profits.
However, one cannot forget the pending writers strike going in Hollywood that could hurt the price of their stock.
“This, to me, feels like the same sort of existential crisis of capitalism that’s happening with teachers & support staff at schools, nurses, Starbucks baristas, Target employees, all across the country,” @nickadamsweb tells @inthesetimesmag #WGAstrike #1u https://t.co/XP6MD2ewNq
— Writers Guild of America West (@WGAWest) May 11, 2023
It seems like this writers strike is going to cause some issues and will affect the company in a negative fashion.
I recommend you bet on the price declining and going Under $24.50.
Debt Ceiling
Another interesting market I’ve found is if the US will raise the debt ceiling before July 2nd, 2023.
| Will US Debt Ceiling be Raised | | | |
| Yes | -325 | -325 | -325 |
| No | +215 | +215 | +215 |
There is a deadline of June 1st for the country to determine if they are going to raise or suspend the nation’s borrowing limit.
Many are encouraging President Biden to explore all his options in lifting the debt ceiling.
.@RepJamesClyburn becomes the most important Democratic official urging @POTUS to invoke the 14th amendment to lift the debt ceiling @OwenDCHayes https://t.co/thBsSh6MYy
— Andrea Mitchell (@mitchellreports) May 11, 2023
The oddsmakers are confident that President Biden will end up raising the debt ceiling. They have priced it at -325 indicating a little over a 76% implied chance of it occurring.
In the gambling world if you’re getting anything over -300 it’s a virtual lock, so I would have to recommend betting on YES the US will raise the Debt Ceiling.
There are several different websites 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.
Oil Price (Barrel)
I found another unique market that everyone should be interested in. The cost of a barrel of Oil.
| Oil Price (Barrel) May 31st at Close | | | |
| Over $73.50 | -120 | -120 | -120 |
| Under $73.50 | -120 | -120 | -120 |
Oddsmakers are a little uncertain on the price of this one. It looks like you will get the same odds if you choose Over or Under $73.50. This feels similar to the Endeavor stock price from above.
When making the decision on this, I wonder how much more people will rely on gas and oil this summer. There are more road trips taken in the summer months but fewer people use oil to heat their homes in summer.
Demand, production remain strong for refined petroleum products https://t.co/ICfaXTB4s2
— Crude Oil Prices (@CrudeOilPrices) May 10, 2023
This market closes at the end of May and I would have to say I believe the price is going to increase.
There have been steady increases year after year and it would shock me if suddenly Oil prices went down.
I don’t understand the oddsmakers placing even odds on both sides of this one, their mistake is your gain.
I would recommend betting on Over $73.50 for the price of Oil (Barrel).
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.
