One of UnderCurrent's favourite pastimes is sports betting – perhaps second only to technology. Imagine how happy we were then to learn that corporate bookmaker Sportsbet.com.au has framed a market on Apple Inc.'s trading performance over the next 18 months.
Fellow iPunters have two options to choose from, with Sportsbet framing markets concerning Apple's share price at the end of 2013.
For value, you can bet on which $50 bracket the price will be, with more than $750 per share the $3.25 favourite. For a two-horse race, technogamblers can opt for an overs/unders bet on whether the share price will reach $1,000 by 2013. Currently, Sportsbet is offering $2.50 on the share price breaking this barrier by 31 December 2013.
Here are the current markets:
Apple share price at the end of 2013:
$3.25 More than $750
$4.00 $700.01 to $750.00; $650.01 to $700.00
$5.50 $600.01 to $650.00; $550.01 to $600.00
$6.00 $500.01 to $550.00
$10 $450.00 to $500.00
$15 Under $450
Will Apple reach $1,000 share price by end of the 2013?
$1.50 No
$2.50 Yes
Apple Inc. closed at $558.22 on the Nasdaq on 14 May 2012 (US).