Odds Suggest Value Will Dip Under $17.5K

Bitcoin depreciation causes panic

For anyone who’s been following the cryptocurrency market over the past few months, it’s no secret that values ​​for altcoins are falling across the board.

On October 7, 2021, Bitcoin (BTC) was valued at just under $55,000 per coin. Today, BTC is trading at just over $19,600.

The sites featured in our legit online sports betting reviews are posting prop bets that suggest the price of bitcoin will continue to fall until at least the end of 2022.

Bitcoin odds as of 12/31/22 value

  • Under $17,500 +150
  • $17,501 to $20,000 +200
  • $20,001 to $22,500 +$350
  • Over $25,000 +400
  • $22,501 to $25,000 +$650

The above bitcoin prop bet was offered at Bovada.LV in their entertainment betting section, but these types of odds are most commonly found in the financial sections of other online sportsbooks.

Bovada will pay $2.50 for every dollar bet on the value of BTC falling below $17,500 when the clock strikes midnight on December 31, 2022, but we’d advise hurrying to place your bets now.

The reason for the desirability of betting on entertainment prop bets is that they are often snatched off the boards without notice, largely because they are not tied to game clocks and tee times.

Another bitcoin betting option found on Bovada when using their search function tool is the following line which appears to have been requested by a member.

Bitcoin value bets

  • $25,000 in Q4 2022 exceeds +175

The above line will only be paid out if the price of BTC rises above $25,000 at any point between October 1st and December 31st, 2022. At first it may seem like a no-brainer to invest in the higher money lines provided by the first pillar listed, this line allows for a broader timeline and does not rely on the dormant value as 2022 becomes 2023.

The midterm election cycle has always factored in global financial and commodity markets, and on November 8, votes will be cast nationwide for the US House of Representatives, US Senate and Governor elections.

Political polls and election betting odds point to strong performance by the Republican Party this fall, often coupled with improved performance in stock markets.

If you think the GOP will secure majorities in the House and Senate, now could be the time to bet on bullish values ​​for BTC and other cryptocurrencies.

ETH Value Betting

  • To exceed $1500 in Q4 2022 -150
  • To exceed $2000 in Q4 2022 +500

Speaking of other cryptocurrencies, Bovada also placed the aforementioned prop on Ethereum’s price in the fourth quarter of 2022.

Today the price of ETH is hovering around $1,339 but was worth $3,587 a year ago today. The above Ethereum odds imply a favorable probability that the price will surpass $1,500 in the fourth quarter, but the odds become much smaller when betting on the prospect of surpassing $2,000.

Those who deposit and withdraw using Bitcoin and other popular cryptocurrencies know that investing in altcoins is more of a marathon than a race these days.

So why not make extra profits in the cryptocurrency market by betting on Ethereum and Bitcoin futures that have guaranteed payout dates?

Cryptocurrency betting odds provided by Bovada Sportsbook

Sources – CoinDesk

Dave Gallo

Dave Gallo is a pioneering sports analytics expert, renowned for his revolutionary work in AI-driven sports simulations, projections, and advanced statistical analysis. With a profound passion for sports and technology, he crafts cutting-edge computer models that accurately predict outcomes. Dave's game-changing insights have reshaped strategy, player evaluation, and decision-making across various sports. His dynamic presentations make complex analytics accessible and inspiring, ensuring his legacy as a visionary in sports analytics. Check out Dave's Pick Record.

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