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.com 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.
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.
The first market we will examine is the price of Ethereum at the end of the year.
Ethereum End of Year
We will have the opportunity to wager on the future price of the cryptocurrency Ethereum.
Oddsmakers have priced it evenly on both sides of the $4000.50 total. Over that amount, there are -120 odds, indicating an implied probability of just over 45%.
Ethereum is currently priced at about $3400 but has decreased considerably in the past month. A 13% decline and a $500 price decrease have hurt Ethereum’s bottom line.
I talked about the SEC’s Ethereum 2.0 closing letter and why it doesn’t go far enough for @Consensys and the industry with @CNBC Crypto. Thanks to @TaliaKaplan for having me on and asking such great questions. https://t.co/lOOQmL7hSf
— Laura Brookover (@laurabrooksie1) June 21, 2024
Speculation for the end of the year provides plenty of time for the price to fluctuate. It has only exceeded the $4000.50 price point once in early April for a few days.
However, there is a presidential election this year, and many other factors can contribute to Ethereum’s price increases.
I’m not buying it, however, and I estimate that Ethereum will fall flat and end the year under the $4000.50 price point.
Several websites offer wagering opportunities; you can even use the newest form of funds transfer, cryptocurrency. We have a list of the best betting sites that accept cryptocurrency as a payment method.
Bitcoin vs. Ethereum
Let’s delve into a unique market that pits two of the most popular cryptocurrencies against each other. We’re presented with the option to bet whether Bitcoin will reach $100,000 first or Ethereum will reach $6,000.
It’s an intriguing speculation because Bitcoin is currently far from $100,000, while Ethereum sits at $3,000. Although Ethereum’s target seems closer, we must recognize Bitcoin’s potential.
Oddsmakers have given Bitcoin a slight edge, with (-130 vs. -110) odds, but this difference doesn’t seem significant enough to draw any concrete conclusions.
Further research suggests that Ethereum may be gaining popularity, but the evidence must fully support this claim.
In this scenario, I respectfully agree with the oddsmakers. I have confidence in Bitcoin’s trajectory and will continue to support it whenever the opportunity arises.
When will Ethereum hit $6K?
The next prop we will explore with Ethereum is if it will ever reach the $6,000 mark.
This one is pure speculation as Ethereum has never even reached $5,000, so the $6,000 price seems out of reach. Oddsmakers certainly feel that way.
It doesn’t seem very likely that it will reach that mark in the next six months. -2000 odds are a virtual lock at any sportsbook, so it’s difficult to disagree with them.
JUST IN: The SEC could approve Ethereum exchange traded funds as soon as July 4, per Reuters.
— unusual_whales (@unusual_whales) June 26, 2024
However, there are some fun props if you want to explore this market even further. For example, we can speculate as to which month Ethereum reaches the $6,000 mark.
December provides the best odds because it gives the bettor the most time. You have until the very last day of December, hoping to reach the $6,000 mark. 10-1 odds are not the worst but are challenging to overcome.
November is the month we will examine next. This seems to be another popular selection because it provides more time for Ethereum to reach the $6,000 mark.
Betting November provides 12-1 odds, so it still seems like a long shot, but it might be worth a sprinkle.
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.
