Press Release Summary: The price for a barrel of crude oil keeps getting higher and higher due to several factors such as the weak U.S. Dollar, the Holiday Season, due to the supply concerns in Mexico, bad weather and the continued tension in Iraq.
Press Release Body: San Jose, Costa Rica. November 25th, 2007. With the price of oil climbing to all time highs, the public is spending more of their disposable income on filling their tanks with gas and less on entertainment such as gambling. "Ever since the price of gas started to climb, we've noticed that our players are being a little more selective on what events they are wagering on," said Nina Pendleton who handles Public Relations for LazerWager. "Gamblers are starting to wonder how much they will be paying at the gas station from week to week with the constantly changing prices of oil. Their concern is so great that they have been asking their local bookies whether price of light crude oil will exceed $110 per barrel by 2008. Maybe they're trying to budget their bankrolls for the upcoming College football Bowl games."
LazerWager .com is actually offering odds on the price of Crude oil on their website:
Will Light Crude Oil exceed $110 by January 1, 2008? NO -200 YES +160
It's not the first time that Wagering companies have offered odds on events like elections, the stock market and even reality shows. It is noteworthy to say that quite often these book makers are very accurate in their predictions.
"Historically, the larger and reliable wagering companies have always offered bets to their customers based on what they want to be on and this is exactly what we did for our customers." added Pendleton. "Often, a customer asks how we come up with these lines and I have to tell them that it's a trade secret by our lines makers. However, I can tell you that our odds makers do not just throw out random numbers, they consult with industry insiders in specific markets that they can rely on to give them the straight fact as to what will happen in the future; whether it be the price of oil rising or dropping or who will win the next American Idol Competition."
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.
Web Site: http://www.lazerwager.com
Contact Details: San Jose, Costa Rica. 1-800-760-6893, pr@lazerwager.com
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