Are you aware you can profit from the stock market without ever owning or trading a single share of stock?
It may sound unconventional, but on Betonline.com, you can place bets on the prices of particular stocks such as Endeavor (EDR) 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.
Now, let’s look at Tesla, the popular but divisive energy company led by Elon Musk. Oddsmakers have priced the stock at $263.50 over/under total.
|Tesla Share Price Oct 31th at Close|
The stock has dropped nearly $10 a share in the past month. According to oddsmakers, it is currently at $263.62 but is set to land around $263.50.
Tesla is a very unpredictable stock; when it seems like it will decline, it rises, and vice versa. Tesla has currently increased $15.47 in the past five days.
Tesla stock dips after China EV sales fall 11% https://t.co/Y9FVxLc0N9
— CNBC (@CNBC) October 9, 2023
Dealing with the inherent unpredictability of this stock can pose a challenge, often necessitating a careful and cautious strategy. Nevertheless, I am ready to provide an assessment of the current situation.
I recommend betting over $263.50 by the end of the month at -120 odds. There isn’t an advantage to leaning one way or the other.
Both outcomes are priced at -120, so I’ll take the over.
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Let’s turn our attention to the well-known beer producer, Anheuser-Busch (BUD).
|BUD Share Price Oct 31st at Close|
Oddsmakers have placed an over/under price of $54.50 for Anheuser-Busch stock. With that price being set, let’s look at how the stock has performed in the last month.
The stock has decreased $3.50 or 6% in the last month. BUD is currently trading at $53.56 and should fluctuate over the coming month.
The uptick to an additional dollar at $54.50 seems possible, but I wonder why that outcome is being favored by oddsmakers. The price placed on that is -165, indicating an implied probability of 62% of an increase.
This is one I wasn’t really certain of the reasoning for the increase being projected.
I am not sure it will increase that much, so I recommend betting Under $54.50 at plus-money odds (+125).
The last price we will take a look at is going to be Endeavor (EDR). Endeavor is a major player in the sports, media, and entertainment industry. The current price per share stands at an over/under value of $21.50.
|Endeavor Share Price Oct 31st at Close|
Oddsmakers have priced the over at +110 odds, indicating an implied probability of 47% that the stock will increase.
Over the past month, the stock has shown a decrease of over 5%, dropping a $1.27 to $20.65 a share as of October 10th.
Despite the Writers Guild of America agreeing with the studios, the stock seems to continue its descent.
Members of the Writers Guild of America approved a new three-year contract with major studios, five months after the union called a strike that plunged Hollywood’s film and television production into turmoil https://t.co/2Ju12GJVxj pic.twitter.com/gav4Y36LEs
— Reuters (@Reuters) October 10, 2023
Although, the writers were able to agree with the studios, the Studio Actor’s Guild (SAG) has yet to.
Oddsmakers don’t think the company will be able to overcome any potential challenges it may see this year as they lean toward the stock continuing to decline.
I agree with the oddsmakers and recommend betting Under $21.50 option when targeting the Endeavor stock price at Betonline.
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