- Bitcoin has -125 odds to go up in price during the Super Bowl.
- Many people may remember all the crypto ads from Super Bowl 56.
- Ethereum and Ripple also have -125 odds to go up in price during the Super Bowl.
LAS VEGAS - Wagers on the Super Bowl extend far past the things that happen in the game itself.
The online sportsbook Bovada is offering players a chance to wager on the price of various cryptocurrencies during the Super Bowl.
What Will Happen to the Price of Bitcoin (BTC) During the Super Bowl?
- Price Of Bitcoin Goes Up -125
- Price Of Bitcoin Goes Down -105
According to Bovada, Bitcoin average will be used to settle the wager.
The major risk for Bitcoin here is that the Super Bowl reminds everyone how many crypto advertisements there were last year – and what happened to the people that invested at that high point.
On the day of the Super Bowl in 2022, one BTC cost about $42,000. Currently, it costs around $23,000 – a nearly 50% drop from last year.
However, an alternative theory of this bet is that there will still be crypto ads during the Super Bowl, and thus the price of Bitcoin will go up during the game based on that ad-spend.
Bettors can put their money where their mouth is at several online gambling sites.
What Will Happen to the Price of Ethereum (ETH) During the Super Bowl?
- Price Of Ethereum Goes Up -125
- Price Of Ethereum Goes Down -105
Ethereum is a lesser-known crypto compared to Bitcoin, but arguably the most popular one. The NFT craze mostly took place on the ETH and SOL blockchains, for example.
The issue is that Bitcoin’s rises and falls tend to create similar rises and falls in other cryptocurrencies.
However, this is true mostly in the aggregate – over long periods of time. It’s definitely possible that Bitcoin falls and ETH goes up over a period of time as short as the Super Bowl.
What Will Happen to the Price of Ripple (XRP) During the Super Bowl?
- Price Of Ripple Goes Up -125
- Price Of Ripple Goes Down -105
The final cryptocurrency that Bovada has odds on for the Super Bowl is Ripple, or XRP. This is a token that is currently worth about $0.40.
It’s been on a general upward trajectory through January, rising from $0.35 to $0.42 at its peak, although it’s fallen massively from this time last year, where it was worth almost $0.90.
What is the best Prop Bet on Crypto in SB 57?
| Bet | Odds |
|---|---|
| Price of BTC during SB57 | Up (-125)/Down (-105) |
| Price of ETH during SB57 | Up (-125)/Down (-105) |
| Price of XRP during SB57 | Up (-125)/Down (-105) |
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