What if I told you that you could make money on the stock market without buying or selling one share of stock?
You most likely would tell me I’m out of mind, but on Betonline.com, you can bet on the price of certain stocks like Annheuser-Busch (BUD) or even Tesla (TSLA).
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 go ahead and break down some of the popular stock prices and items we can bet on.
Let’s start with the popular beer manufacturer Annheuser-Busch (BUD) who is dealing with media coverage regarding their decision to include Dylan Mulvaney in their new Bud Light advertising campaign.
|BUD Share Price May 31st at Close|
|Under 64.5 $||-140||-140||-140|
|Over 64.5 $||+100||+100||+100|
In the last month, the price of Annheuser-Busch stock has declined .9% or .60 cents from the $66.50 price it closed at on April 4th.
However, the price of the stock has increased by $1.42 in the last 5 days, so this price is fluctuating quite a bit of late.
BetOnline has priced a continued decrease of the stock at -140 indicating a little better than a 58% chance the stock declines in price.
I do not agree with this and would recommend betting on the Over $64.50 option at +100 odds.
Summer is around the corner, which means much more consumption of alcoholic beverages around cookouts and parties.
I would recommend betting Over $64.50 for the BUD Share Price on May 31st.
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.
The next unique market we have to look at is the cost of shares of Tesla. It appears that this is one of the more unpredictable stock prices as there isn’t much value in betting over or under the selected price of $162.50.
|Tesla Share Price May 31st at Close|
|Under 162.5 $||-120||-120||-120|
|Over 162.5 $||-120||-120||-120|
Tesla seems to be a very unpredictable stock as it has decreased $24.32 in the past month but oddsmakers are telling you they are uncertain as to its future performance.
Despite dropping over $24 in the past month, the stock has increased by .37 cents in the past week.
This is a very tricky one to predict and I would usually advise staying away, however, in this situation, I’m going to take a shot at predicting.
I would bet on Over $162.5 for the TSLA Share Price on May 31st.
Gallon of Gas US National Avg on May 31st
Now we move on to another unique market that affects everyone. The cost of a gallon of gas.
|Gallon of Gas US National Avg on May 31st|
|$4.00 or Higher||+2000||+2000||+2000|
We have many more interesting options than just a standard over/under price, it appears we have a whopping 6 different options to choose from.
Before we share our predictions, let’s take a look at what the cost of a gallon of gas is today: $3.57 on May 5th.
It appears we will get plus-money odds on whatever selection we choose which is always a bonus when betting.
Looking a little bit further into this market, the cost of a gallon of gas one month ago was a little over $3.50.
I know it doesn’t seem like it but according to the oddsmakers, they believe the cost of a gallon of gas is set to decrease by month’s end!
Nice summary of EIA’s new projections for US gas prices – an average of $3.50 a gallon over this upcoming summer, down over $1.30 from a year ago https://t.co/QHyEq4fM26
— Energy Commenter (@energyenvcomm) April 11, 2023
I’m not so confident of that projection, I would imagine the cost of a gallon of gas to increase. Determining how much of an increase is the deciding factor before betting on it.
The temptation of wagering on it increasing to $3.75-3.99 at +400 is the one I like the most, however, that price isn’t very convincing.
+400 odds by the oddsmakers indicate they believe the chances of this happening are 20%. I will have to look elsewhere if I’d like to make some money on this one.
The $3.50-$3.74 looks like the best bet and value with the +175 price on it. I would estimate we see a small increase in the cost of a gallon of gas.
Again, it’s summer time which means more road trips and more outdoor BBQ grilling. The increased use of gas means price increases as well.
I would recommend betting on the cost of a gallon of gas to be $3.50-3.74 at +175 odds.
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.