Tag Archives: Bet

Square’s CEO, Jack Dorsey, is a big believer in the future of bitcoin. That’s why Square (SQ) has been investing both directly and indirectly in digital currency. The company invested $50.0 million and $170.0 million in bitcoin in the fourth quarter of 2020 and the first quarter of 2021, respectively, doubling down as the price of the digital currency dropped. Meanwhile, Square has been investing in technology that eases bitcoin transactions. For example, its Cash App allows peer-to-peer… Source link

Oh boy, crypto miners. Companies like SOS Limited (SOS) have been on a rocky ride of late, to say the least. Since hitting a high of nearly $16 per share earlier this year during the initial meme stock rally, shares of SOS stock have been on a downward trajectory. Currently, SOS stock trades at around $3 per share, at the time of writing. There are good reasons for this, and those will be described below. However, the real focus with SOS stock right now, at least among retail investors, is the… Source link

(Bloomberg) — After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire. The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of… Source link

Bitcoin’s (BTC-USD) chances of falling below $10,000 have increased significantly since mid-April, according to betting aggregators US-Bookies.com. The odds that Bitcoin drops to $10,000 in 2021 were 8/11 (57.9% implied probability), a sharp increase from mid-April, where the odds were 4/1 (20%). “The latest trends have not indicated a positive outcome for the popular cryptocurrency,” a US-Bookies spokesperson said. Bitcoin rose over $2,000 Thursday after the Basel Committee recognized… Source link

Last week I grabbed the Giants at 50/1 to win the World Series (you can still get them at 35/1), which seems appealing for a team with MLB’s best record. It’s not ideal San Francisco shares a division with the Padres and Dodgers, but baseball is far more wide open in the playoffs than other sports.  While some may suggest San Francisco is playing over its head or scream small sample (the long odds certainly do), the team’s major improvement at the plate dates to 2020. The Giants have… Source link

The New England Patriots went 7-9 in 2020, their first season without Tom Brady on the roster since 2000. The 2000 season was the last time the Patriots had a losing record, but one bettor at BetMGM thinks things will go a whole lot better for Bill Belichick’s group in 2021. According to BetMGM, one customer placed a $10,000 bet on the Patriots to win the Super Bowl next season at +3000 odds. If that comes to fruition, the bettor would win $300,000. Following that bet, BetMGM moved its odds… Source link

At least one bettor is extremely confident in the Los Angeles Clippers‘ chances of forcing a Game 7 in their first-round series with the Dallas Mavericks. A bettor at BetMGM has placed a $69,300 wager on the Clippers -2.5 vs. the host Mavericks on Friday night. If the Clippers win by three or more points, that bettor will net $63,000. If the Clippers win by one or two or the Mavericks win, well, the book will be happy to keep that bettor’s money. The Mavericks lead the series 3-2 and can… Source link

It took Amazon 13 years to deliver a 10,000% return to investors. It has now taken Dogecoin five months. The cryptocurrency (DOGE-USD) hit a new all-time high of $0.60 on Tuesday, pushing Dogecoin’s market cap north of $70 billion to become the fourth-most valued coin, according to Yahoo Finance’s data partner CoinMarketCap. That’s now larger than the market cap of Moderna, one of the companies shipping COVID-19 vaccines to save the world from the pandemic. That means a $1,000 bet placed on… Source link

Bloomberg U.K. On Course to Ease Lockdown; Denmark Drops J&J: Virus Update (Bloomberg) — U.K. Prime Minister Boris Johnson said the country is on course to scrap lockdown rules over the next seven weeks. Denmark will ease curbs this week and dropped Johnson & Johnson’s Covid-19 shot. Bavaria’s Oktoberfest festival was canceled, but free beer is available to New Jersey residents who get a vaccine.India was criticized for a “lack of leadership” by a former central bank chief, as Prime… Source link

TipRanks 2 “Strong Buy” Stocks Around $10 With Triple-Digit Upside Potential The S&P 500 rose to another record high on Friday, and at least one strategist believes we’re at the start of a new bull market. Writing from LPL Financial, chief market strategist Ryan Detrick noted several market-historical points that indicate sustained gains are in the offing. Key among his points are the first quarter returns and the breadth of the current stock rally. On returns, Detrick highlights that… Source link