When exploring sportsbooks, it’s essential to assess the available options thoroughly. Discovering unique financial markets that offer exclusive betting opportunities can be fascinating.
For instance, BetOnline allows you to bet on the prices of stock shares, allowing you to profit from the stock market without actually purchasing any shares.
Let’s look at some of the less conventional markets available. However, it is worth exploring betting opportunities in the cryptocurrency market and considering its future trajectory.
The first market we will examine is the price of Bitcoin at the end of June.
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.
Bitcoin End of June Price
Bitcoin continues its steady ascent, increasing over 8% this past month.
Last month, oddsmakers set the prop on the Bitcoin price at the end of May at $63,500.50, which is quite a bit lower than the $68,500,50 currently offered.
Oddsmakers have raised the total $5000 from last month, and to be honest, it may not be high enough! The total has spiked to $70,000 and over a couple of times in June already.
With the information available, it seems likely that Bitcoin will continue this price surge. I would agree with the oddsmakers and bet Over $68,500.50 at -130 odds.
Bitcoin End of Year Price
After analyzing Bitcoin’s market trends for the end of June, let’s project its price at the end of the year.
Bitcoin has experienced a significant surge over the past year, doubling its value, with an increase of approximately $35,000—over 125%!
JUST IN: Donald Trump says “We want all the remaining Bitcoin to be made in the USA”
— unusual_whales (@unusual_whales) June 12, 2024
I agree with the oddsmakers here; it feels like a reactionary figure. A few months ago, they predicted Bitcoin’s end-of-year price to reach $75,500.
I would bet on the Over $72,000.50 at -150 odds, even though the temptation to go against the oddsmakers with the plus money odds on the Under at +110 is strong.
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When will Bitcoin hit $100k
The final market we will discuss is when Bitcoin will hit the glorious $100,000 mark.
The speculation on this prop is all over the place. We are halfway through the year, so we do only have six more months in which Bitcoin could hit this number.
Oddsmakers do not believe Bitcoin reaches this number this year. -2000 odds are about as high as you can get on a prop when gambling. The implied probability of -2000 odds is over 95%.
A -2000 prop is absolutely dreadful to bet on. That is no fun and not much return unless you’re willing to wager a large amount.
Let’s take a look at two more possibilities. The first one is Bitcoin hitting $100,000 next month. We mentioned earlier it had spiked and hit $70,000 several times this month already.
JUST IN: 🇺🇸 Coinbase CEO met with Senators in DC “to discuss creating clear rules for the crypto industry.” 👀 pic.twitter.com/b06GBGbXjZ
— Bitcoin Magazine (@BitcoinMagazine) June 12, 2024
To reach $100,000, Bitcoin would need to increase over $30,000. Oddsmakers are offering +1000 odds on Bitcoin, reaching $100k in July. The implied probability on +1000 odds is just over 9%.
Over $30,000 would be a record-shattering 45% increase in one month! Those increases are not impossible, but they are unlikely to occur in such a short time.
The final option we can explore is my personal favorite for this prop.
December is the last month to reach the $100k mark for Bitcoin. It gives more time for Bitcoin to keep increasing, and it provides much better odds at +1600.
Although +1600 odds indicate an implied probability of around 6%, I like this month better than the other options. I would sprinkle on December for the month Bitcoin reaches $100k.
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