Las Vegas is putting its money on Twitter listing on the New York Stock Exchange.
Kevin Bradley, the Sportsbook Manager at Bovada.lv., puts the odds of the San Francisco microblogging site choosing the NYSE at 4 to 7 — a clear favorite.
That means for a $7 bet, you’ll win $4, Nasdaq’s odds for grabbing the listing is 7 to 5, according to Bradley. Although it’s unusual for bookies to formulate odds on a Wall Street IPO, Bradley says that the buzz around popular tech companies like Twitter make them good betting plays.
“We offered odds on the Facebook IPO back when it went public,” Bradley noted via email.
“We tend to offer these lines when there is a good amount of public interest in an IPO and social media platforms inherently seem to fit the bill because of the buzz they tend to create in the media and amongst everyday people, not just the investors, “ he added.
Bradley said that bets on Twitter have been ticking up since odds on the stock offering were published last week.
The fact that Twitter decided to file a confidential S-1 also has helped drum up intrigue around the company.
Bettors can place their Twitter wagers on everything from when the offering is likely to launch its IPO to what its most likely ticker symbol will be.
So far the odds are 5 to 8 that Twitter will go public before Dec. 7.
The Post first reported that the tech company was eyeing an IPO around Thanksgiving.
Odds makers also appear to be leaning toward the ticker symbol “TWTR” (odds of 5 to 6), over “TWIT” (3 to 1). Possible ticker “BIRD” and EGG, have long odds of 35 to 1 and 50 to 1, respectively.
MDC says the launch price will be around $34 to $39 per share.
“After excluding possible ticker symbols already in use like TCO, TW, and TWI, we made a list of possible abbreviations based off the word Twitter,” Bradley wrote.