Oddsmakers Not Confident in Summer Surge for Bitcoin or Dogecoin

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Oddsmakers Not Confident in Summer Surge for Bitcoin or Dogecoin
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Odds Suggest Bitcoin or Dogecoin Not Likely to Reach Milestone Prices by Summer’s End

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Copenhagen – August 5, 2021 – Bitcoin (BTC) has 4/1 odds to reach $50,000 by September 22 (20% implied probability), according to betting aggregators US-Bookies.com (See Disclaimer Below). The odds bitcoin falls below $10,000 by this time are 10/1 (9.1%).

The Odds Of A Summer Surge For Bitcoin or Dogecoin

“Following the recent Bitcoin slip, the odds suggest a rally to spring's highs of $50,000 by the end of summer looks unlikely.” says a US-Bookies cryptobetting analyst. “However, it’s worth noting that the bookies do see it reaching $50,000 as more likely than it dipping to $10,000.”

Dogecoin (DOGE) is 12/1 to reach $1 by September 22 (7.7% implied probability). The odds it falls below $0.01 by this time are 20/1.

“The odds aren’t as high on Dogecoin as they were prior to Elon Musk’s Saturday Night Live appearance, as its performance in recent weeks doesn’t inspire confidence in a sudden rise,” says a US-Bookies cryptobetting analyst. “But the odds of it reaching $1 are stronger than its odds of falling below $0.01, so it could be worse for DOGE investors.”

Odds Bitcoin (BTC) reaches $50,000 by September 22, 2021: 4/1

Odds Bitcoin falls below $10,000 by September 22, 2021: 10/1

Odds Dogecoin (DOGE) reaches $1 by September 22, 2021: 12/1

Odds Dogecoin falls below $0.01 by September 22, 2021: 20/1


Disclaimer: The odds posted in this article are for illustrative purposes only, as wagering on such props is not currently legal in any U.S. state. The data was based on betting markets offered by UK/European/worldwide operators regulated in jurisdictions where wagering on these props is legal.

About US-Bookies.com

US-Bookies.com is the first comprehensive betting web portal in the United States, developed by one of the world’s most successful iGaming companies with the goal of providing betting intelligence to gamblers. It is designed to be a single point of access for information on wagering, offering data, odds, and authorized legal online bookmakers. The site provides a library of data-driven content that offers intelligence, so visitors can make informed gaming decisions. US-Bookies.com represents the first foray into the United States for Better Collective, one of the premier online gaming companies in Europe. Better Collective has similar portals in 35 different countries throughout the world. Another unique and invaluable aspect to US-Bookies.com is that it provides a state-by-state listing of all legal online bookmakers, which provides gamblers with a central resource to determine which websites are authorized to offer online betting in respective states.

Visit www.US-Bookies.com to learn more about Better Collective’s expansion into the US.

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