In this market report article for Friday, March 17th, 2023, we’ll examine the top 10 sports betting options from the Raymond Report Tipsheet and correlate them with the current top 10 cryptocurrencies.
We’ll analyze each team’s current cycle (indicated by the number of days in parenthesis), DMVI chart, and today’s odds to determine if the odds are fair market value, undervalued, or overvalued. Additionally, we will include each cryptocurrency counterpart's current price and L24 price change.
TOP 10 BULLISH BETS
Let’s dive in and see how these teams are performing like their cryptocurrency counterparts.
1. Atlanta Hawks (C)
- Odds: -3
- DMVI: -5
- Cycle: NEUTRAL (48)
- Crypto Counterpart: Bitcoin (BTC) Price: $26,483.90 L24 Change: +6.50%
Analysis: With a DMVI of -5, Atlanta’s odds appear to be undervalued in comparison to their current cycle. Similarly, Bitcoin has experienced a significant L24 price increase of 6.50%, indicating a potentially undervalued asset.
2. Minnesota Timberwolves (B)
- Odds: +2.5
- DMVI: 4
- Cycle: NEUTRAL (17)
- Crypto Counterpart: Ethereum (ETH) Price: $1,736.28 L24 Change: +4.58%
Analysis: Minnesota’s odds are slightly undervalued, with a DMVI of 4. Ethereum has a 4.58% L24 price increase, suggesting it may be undervalued in the current market.
3. Chicago Bulls (C)
- Odds: -2.5
- DMVI: -3 Cycle:
- NEUTRAL (16)
- Crypto Counterpart: Tether (USDT) Price: $1.00 L24 Change: +0.08%
Analysis: Chicago’s odds are fairly valued, with a DMVI of -3. As a stablecoin, Tether’s price remains relatively stable, with a minor L24 change of +0.08%.
4. Boston Celtics (A)
- Odds: -4
- DMVI: -7.93
- Cycle: NEUTRAL (14)
- Crypto Counterpart: Binance Coin (BNB) Price: $333.10 L24 Change: +7.01%
Analysis: Boston’s odds appear to be undervalued, with a DMVI of -7.93. BNB’s L24 price increase of 7.01% indicates that it may also be undervalued in the market.
5. Memphis Grizzlies (A)
- Odds: -9
- DMVI: -6.07
- Cycle: NEUTRAL (14)
- Crypto Counterpart: USD Coin (USDC) Price: $1.00 L24 Change: +0.02%
Analysis: Memphis’ odds seem to be fairly valued, with a DMVI of -6.07. As a stablecoin, USDC’s price change is minimal, with a +0.02% L24 change.
6. Washington Capitals (C)
- Odds: -164
- DMVI: -219.69
- Cycle: NEUTRAL (13)
- Crypto Counterpart: XRP (XRP) Price: $0.37 L24 Change: +3.29%
Analysis: Washington’s odds appear to be overvalued, with a DMVI of -219.69. XRP’s L24 price change of +3.29% suggests potential growth, but not as high as the DMVI indicates.
7. Golden State Warriors (B)
- Odds: +3
- DMVI: 5
- Cycle: NEUTRAL (8)
- Crypto Counterpart: Cardano (ADA) Price: $0.33 L24 Change: -1.10%
Analysis: Golden State’s odds seem to be slightly undervalued with a DMVI of 5. Both have displayed consistent strength and growth potential, making them appealing options for sports betting and crypto investors.
8. San Antonio Spurs (C)
- Odds: +9
- DMVI: 8.32
- Cycle: NEUTRAL (7)
- Crypto Counterpart: Solana (SOL) Price: $20.34 L24 Change: +4.60%
Analysis: San Antonio’s odds appear to be overvalued with a DMVI of 8.32. Both have been on a growth trajectory and have shown strong performance, making them popular choices for sports bettors and crypto enthusiasts alike.
9. St. Louis Blues (C)
- Odds: +145
- DMVI: 144
- Cycle: NEUTRAL (6)
- Crypto Counterpart: Polygon (MATIC) Price: $1.20 L24 Change: +5.60%
Analysis: St. Louis is slightly undervalued with a DMVI of 144. Their crypto counterpart, Polygon, demonstrates promising growth with a +5.60% L24 price change.
10. New Orleans Pelicans (C)
- Odds: -5.5
- DMVI: -5.6
- Cycle: NEUTRAL (5)
- Crypto Counterpart: Dogecoin (DOGE) Price: $0.07 L24 Change: +5.95%
Analysis: New Orleans seems to be fairly valued with a DMVI of -5.6. Their crypto counterpart, Dogecoin, has experienced a substantial L24 price change of +5.95%, indicating growth potential.
The Raymond Report Tipsheet’s top 10 sports betting options can correlate with the current top 10 cryptocurrencies in the market, providing a unique perspective for sports bettors and crypto enthusiasts. Keep an eye on these teams and their respective crypto counterparts to make informed decisions in sports betting and cryptocurrency markets.
