Gambling and Sports Betting News Wire - June 29, 2019
Here are today's headlines in the world of gambling and sports betting as they happen - Saturday June 29, 2019. (for the remainder of this month ONLY)
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Weekend's Are the Wild West for Bitcoin
10:11 am ET - As the price of Bitcoin inches closer back above the $12,000 mark, Bloomberg writes that Saturday, Sunday surges account for more than a third of Bitcoin gains, and nobody seems to know why.
“It’s absolutely unique,” said David Tawil, president of crypto hedge fund ProChain Capital.
“It’s a little bit of anticipatory or front-running the news cycle by trading up on the weekend,” he said. “You’re somewhat flying blind in the sense that you don’t know if there will really be an announcement made on Monday morning but in a packed news cycle like crypto, where there’s developments really every day, I don’t think it’s wrong to bet that Monday morning would have a positive development.”
Bloomberg writes that, alternatively, crypto investors might spend Saturday or Sunday discussing any news items with friends or other investors, moving them to trade the underlying tokens.
“The market is, by and large, retail individuals and I think that weekends are a time when those people have more free time to read the week’s news, to chat with friends, to pitch friends on exciting things they heard about during the week,” said Hunter Horsley, chief executive officer of Bitwise Asset Management.
Lakers Move to From +300 to +175 to Win it All in 2020
10:11 am ET - Dave Mason of BetOnline Saturday morning announces monumental shift in the LA Lakers odds of winning the 2020 NBA Championship.
Their odds have moved from 3/1 to just under 2/1 (+175).
These are the latest odds as of June 29 to win the 2020 NBA Championship at BetOnline:
22214 Los Angeles Lakers +175
22217 Milwaukee Bucks +800
22210 Golden State Warriors +1000
22213 Los Angeles Clippers +1000
22228 Toronto Raptors +1000
22211 Houston Rockets +1200
22208 Denver Nuggets +1400
22202 Boston Celtics +1600
22223 Philadelphia 76ers +1600
22229 Utah Jazz +1800
22203 Brooklyn Nets +2800
22207 Dallas Mavericks +3300
22221 Oklahoma City Thunder +3300
22225 Portland Trail Blazers +3300
22212 Indiana Pacers +4000
22219 New Orleans Pelicans +5000
22227 San Antonio Spurs +5000
22220 New York Knicks +6600
22226 Sacramento Kings +6600
22201 Atlanta Hawks +10000
22218 Minnesota Timberwolves +10000
22205 Chicago Bulls +15000
22215 Memphis Grizzlies +15000
22216 Miami Heat +15000
22222 Orlando Magic +15000
22224 Phoenix Suns +15000
22230 Washington Wizards +15000
22206 Cleveland Cavaliers +20000
22209 Detroit Pistons +20000
22204 Charlotte Hornets +25000
Our Free Picks Record June 29
2019 MLB Record: 17-12-2 (58.6%) - No Plays Over -160
2018-19 College Basketball Record: 12-9 (57.1%)
2018-19 NBA Record: 7-5 (58%)
2018 MLB Record: 45-35 (56.2%)
2018 NBA Record: 12-4-1 (75%)
