Chances of a Recession is not on Sports Bettors List of Worries
Released on: January 12, 2008, 10:40 am
Press Release Author: Nina Pendleton
Industry: Government
Press Release Summary: The question on everybody’s mind this year has been whether the U.S. will go into a recession. Many signs seem to point that way due to the U.S. dollar losing ground to the Euro and the price of gold futures rising to over $900; however, by the patterns of bets placed by sports bettors the outcome may not be thus.
Press Release Body: Possibilities of a Recession is not on Sports Bettors List of Worries San Jose, Costa Rica – Online sports and Live Dealer gaming website LazerWager.com FOR IMMEDIATE RELEASE: January 15, 2008 The question on everybody’s mind this year has been whether the U.S. will go into a recession. Many signs seem to point that way due to the U.S. dollar losing ground to the Euro and the price of gold futures rising to over $900. The price of homes have been dropping from 20% to 25% and the Feds who so far have cut down interests rates by 2.5% late in the year are all pointing towards the economy getting ready to enter a recession. Oddly enough, most sports bettors do not seem to think so because at LazerWager the size of the bets people have been placing has increased rather than decreased this past December which is a historical sign that sports bettors are not worried about the economy. “We had placed an odds line on whether the US would enter into a recession by July 2008, “said Nina Pendleton spokesperson for LazerWager, “and we had to move the line 3 times because most bettors are placing their money on the U.S. not entering into a recession in 2008.” “Presently we are no longer taking bets on the recession which was last at: Will the US Enter a Recession by November 1, 2008? NO -160 YES +130
Continued Ms. Pendleton. “We are waiting until next week’s data and earnings release which our lines makers say will drastically change the betting line before we decide to take more action on it.” The general consensus seems to be that the Feds will cut down the interests rates again by half a point combined with the current escalation with Iran, the strong global growth, the sudden drop in oil prices and the European Commission possibly cutting its growth forecast for the Euro will be enough to keep the US from entering a recession in 2008. For more info contact Ms. Pendleton at pr@lazerwager.com … More about LazerWager… LazerWager ( www.lazerwager.com) based in San Jose, Costa Rica with corporate offices in Cyprus, is an online sports, casino and entertainment gambling website backed by over 50 years experience in the online gambling industry. They offer sports and race book betting, Live Dealer and digital casino software, odds on various news, entertainment and current events as well as exciting free content. LazerWager abides by all rules and regulations related to online gaming. Consult your local jurisdiction regarding gambling laws before placing any wagers over the internet.
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