For all of you data-driven people who love doing research, then investing in sports wagers, political futures, or horses, there is something new to hold your attention during the worldwide sports lockdown.
It’s been a long couple of months without sports. And those of us who supplement our income through sports investments are not only bored … but have very well taken a financial hit.
Our wagering opportunities have been relegated down to PlayStation simulations of Madden Football, MLB the Show, and NB2K, entertainment props such as competitive eating, and eSports. But now you can bet on the stock market’s daily movements at Bookmaker.
What’s the Deal with Betting Stocks
For the most part, you are assessing the price that you think a particular market will close at and then making an educated wager on OVER or UNDER the price that Bookmaker lines out. The S&P 500, Dow Jones, and NASDAQ are all up for grabs.
But on top of that, you can do LIVE mobile betting on hourly stock indexes. This is where it gets really fun and can be quite profitable if you know what you’re doing.
WHAT WILL THE DOW JONES INDUSTRIAL CLOSE AT THE END OF THE TRADING DAY (4PM EST) 04/30/2020 (MARKETWACH.COM)
Over o24300 -115
Under u24300 -115
Above is an example of betting lines for the DJIA, or Dow Jones Industrial Average. As you can see, it’s rather simple. At the time of writing, the DOW is at 24,323.24 and is 1.26% down. The previous close was 24,633.86. And the DOW is on track to nail its best close in 45 years. A headline stating that question went out in the morning on April 30th, so I would be inclined to think that it will close OVER 24,350 on April 30th, just because how well the DOW is doing is getting printed all over the media. This should bolster investments for the day to close out the month.
While I was writing this article, the 4 PM EST close of OVER/UNDER 23,000 was adjusted to OVER/UNDER 24,400. So, those that got in at 23,000 are sitting pretty. And the daily close of 23,350 is looking even more attractive.
The S&P 500
WHAT WILL THE S&P 500 CLOSE AT THE END OF THE TRADING DAY (4PM EST) 04/30/2020 (MARKETWACH.COM)
Over o2910 -105
Under u2910 -125
The S&P struggled early on in 2020 due to the global crash and price wars between Russia and Saudi Arabia. It should be noted that this is the worst quarter the S&P has seen in 12 years. The S&P 500 is known for being more volatile than the DOW. But why? Well, the S&P tends to lean towards manufacturing and there are many more companies in its index than Dow Jones’. Because of this, it’s harder to monitor the S&P 500.
The S&P is favored to close under 2910, but at 3:59 it’s up to 2916.56. Right at 4 PM, it moved to 2911.97. So, it’s looking like those who backed the over at -105 are going to pick up a little extra spending cash. But man, talk about a close line, right?
Common stocks and securities from the NASDAQ Composite are also wagerable at Bookmaker – although there were no early afternoon lines on its closing price. Top NASDAQ stocks are Apple, Citrix Systems, Liberty Global, and Gilead Sciences.
The NASDAQ Composite is down day over day .28% at the time of writing but it’s up around $300 over the last 5 days, from $8530 to $8879.
If you have dabbled in day trading, Bookmaker may have just given you a niche betting market to earn some extra quarantine cash while we’re all still stuck inside. Heck, they just might continue lining stock market odds if their handle is significant enough.