Elon Musk’s hosting gig on Saturday Night Live this week has become a big enough event to warrant the attention of online gambling sites.
Online sportsbook MyBookie has been keeping track of people’s thoughts on what Musk will say and whether his comments will help Dogecoin break the elusive $1 barrier. Gamblers and investors, though, aren’t necessarily the same creatures.
Not surprisingly, prognosticators overwhelmingly expect Musk to mention Dogecoin at some point in the show. That’s logical, since h e posted on Twitter when his gig was announced: “The Dogefather SNL May 8.” And a video of fans swarming Musk on the streets of NYC this week shows him teasing a discussion of the crypto.
Will that impact the price, though? Not according to those wagering on the outcome—at least, not immediately. The site’s odds are pretty firmly against Dogecoin hitting $1 by May 10.
Here’s a look at the numbers on both questions:
Will Musk mention DOGE on SNL this week?
Yes –5000
No +900
Will DOGE hit $1 USD by May 10, 2021?
Yes +145
No –190
To put that into real dollars, a $100 bet on whether he will mention DOGE at some point during SNL will pay just $2 if he does. Correctly bet against a mention and you could get a $1,000 payout. If you, however, put $100 on whether Doge will hit $1 by Monday, you’ll pocket $152.63 if it does.
Dogecoin, on Friday, was in something of a holding pattern as people waited for the show; the crypto fluctuated between 56¢ and 64¢, staying clear of its all-time high of 69¢. Year to date, Dogecoin is up 12,659%.
If you were one of the first to get a $1,400 stimulus check and would have invested that upon receiving it, it would be worth $14,362 today.
More must-read finance coverage from Coins2Day:
- Everything to know about Biden’s $3,000 child tax credit—including when the money should arrive
- Should you “sell in May”? Not this year, say experts
- 3 reasons Verizon needed to dump what’s left of AOL and Yahoo
- Are CFOs flocking to Bitcoin? No way, says this high-level adviser
- Commentary: 5 things Western investors misunderstand about China