|So keen is the anticipation for Google’s stock deal in August that some online bookmakers are offering keen punters the chance to start betting now on what will happen to stock prices once they hit the stock market. For anyone who cannot wait until the stock is open to the public, they can start showing some interest in Google by betting on performance.|
Tradesports.com, based in Dublin, is hosting a futures style trading on Google, allowing people to bet on whether stock prices will rise or fall once they are offered to the public. Also offered is the chance to bet on whether stock value will rise 25 percent or more, or 50 percent or more. There are also options for those who believe the stock will decrease, using the selling short system.
Another site, the Iowa Electronic Markets, is taking wagers between US$5 and $500 on the same issue- the performance of their stock. This site however is looking at actual figures- assessing Google’s actual market value- the number of shares available multiplied by the individual stock price. Bets are taken on whether this value will rise or fall as a result of the August deal- the ranges in value offered are mostly between US$20-100 billion.