Augur Turbo, NBA Futures, PGA, and Crypto Capitulation 🚀📉

16 days ago

10 min read

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This Week

Augur Turbo Launches

NBA Futures Odds

NBA Playoffs: First Round

PGA Championship

Cryptocurrency Capitulation

NBA Futures Odds

Augur Turbo Launches

Augur Turbo beta launched last week as the world’s only fast-resolving, easy to use, decentralized betting platform with daily markets for sports. Bettors enjoyed Moneyline, Over/Under, and Totals markets for NBA and MLB while awaiting MMA and Crypto markets.


Markets are open for trading five days in advance of the event giving LPs time to enter the positions they see fit, which earn 1.50% of open interest as fees. Bettors are free to trade in and out of markets as many times as they want. Markets are resolved automatically between 2-4 hours after the event ends. At that point, bettors are welcome to claim their winnings. View Turbo docs.


Be sure to take Turbo for a spin! And once you do, leave us your feedback here. For the duration of the beta, which will continue for three more weeks, we will be finessing Turbo according to your feedback.

NBA Futures Odds

NBA Futures Odds

Odds provided by BetMGM / Odds table via Vegas Insider [Updated Monday, May 31, 7:30 am ET]

The Milwaukee Bucks, who swept the Miami Heat behind Giannis Antetokounmpo's first career playoff triple-double, have entered the conversation with their domination of the first round of the 2021 NBA playoffs. They enter Monday’s games with the third-best odds at winning the Larry O’Brien Championship Trophy. Meanwhile, the usual suspects surround the Bucks - the Brooklyn Nets are by far the favorite to win the title while the Lakers are second overall, as they look to take down the second-seeded Phoenix Suns. The Philadelphia 76ers are on their way to an easy first-round series victory over the Washington Wizards, while the fifth spot is held by the Utah Jazz and Los Angeles Clippers.

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NBA PlayOffs 2021

Playoffs via NBA.com

NBA Playoffs: First Round

The Western Conference has had some tremendous matchups while the majority of Eastern Conference series could be done very quickly. With the Miami Heat already eliminated, the other two bottom seeds in the East - the Washington Wizards and Boston Celtics - seem to not stand a chance against the juggernauts of the conference. Unfortunately for one of those juggernauts, Bucks shooting guard Donte DiVincenzo will miss the remainder of the postseason due to a tendon injury. Former San Antonio Spurs guard Bryn Forbes will look to continue to make an impact as the main replacement for DiVincenzo.


Other Eastern Conference injuries include the following:

  • Wizards point guard Russell Westbrook should not miss any time, but he may be limited due to a sore right ankle. He twisted it earlier in the series.

  • Nets power forward Jeff Green is out through at least June 6 due to a strained plantar fascia.


Let us now move over to the Western Conference, where the Lakers and Suns are locked up in a tight series even with the injury of Chris Paul. The seventh-seeded Lakers still feel like the favorite in their series while the fifth-seeded Dallas Mavericks went from 2-0 to 2-2 against the Los Angeles Clippers. Luka Dončić’s cervical strain is a frustrating development for Dallas. Similar to the Mavericks, the Memphis Grizzlies stole home court early in the series, but Donovan Mitchell’s return has revitalized the Utah Jazz.


The 3-6 matchup in the West is another intriguing one with Nikola Jokic and the Denver Nuggets tied 2-2 with the Portland Trail Blazers. The potential MVP had at least 34 points in the first three games, but Jokic scored just 16 points in Game 4’s loss. We will see if Will Barton’s return will help the Nuggets get the series back in their favor.


Western Conference


(7) Los Angeles Lakers are tied with the (2) Phoenix Suns, 2-2


Game 5 tips off at 10:05 pm ET on Tuesday, June 1

Game 5 Spread: opened at Suns -4.5; currently Suns -5.5

Game 5 Moneyline: opened at Suns -182; currently Suns -210

Game 5 Over / Under: opened at 208.5; currently 207.5


Remaining Schedule for the Series:

Game 6. Thursday, June 3, time TBD at Staples Center in Los Angeles Game 7. Saturday, June 5, time TBD (if necessary) at Phoenix Suns Arena


FiveThirtyEight prediction: Lakers win the series (51%)


Series Update: LeBron James and now-injured Anthony Davis were reaching new heights early in the 2021 playoffs, as they scored their most combined points in a quarter as teammates in the Game 3 victory, as playoff basketball finally returned to Staples Center. The Lakers’ size is impressive, and they were taking advantage of the paint: making it to 50 points in the paint is a high bar, and LeBron and company have accomplished that three times since the beginning of the 2020 postseason. The rest of the league has just two such performances combined. It felt like the Lakers were able to physically dictate the series until Davis went down with his injury.


Series Outlook: Originally, it was the Chris Paul situation that was affecting the Suns in the 2021 playoffs. Phoenix unfortunately drew the Lakers in the 2-7 matchup, which put the Suns in a very difficult position. Phoenix won Game 1, but Paul’s right shoulder contusion has shown that Monty Williams’ team is not the same without its floor general. However, the series has shifted because of Anthony Davis’ injury, and the Suns appear to be the favorite to move to the second round. The defending NBA champions are surely in trouble due to Davis’ left groin strain.


Eastern Conference


(5) Atlanta Hawks lead the (4) New York Knicks, 3-1


Game 5 tips off at 7:35 pm ET on Wednesday, June 2

Game 5 Spread: opened at and currently Knicks -1.5

Game 5 Moneyline: opened at Knicks -121; currently Knicks -125

Game 5 Over / Under: opened at and currently 207.5


Remaining Schedule for the Series:
Game 6. Friday, June 4, time TBD (if necessary) at State Farm Arena in Atlanta

Game 7. Sunday, June 6, time TBD (if necessary) at Madison Square Garden in New York



FiveThirtyEight prediction: Hawks win the series (96%)


Series Update: In Game 2, Julius Randle was a fantastic defender, as he forced 15 missed shots out of 15 Hawks field goal attempts as the primary defender. Randle scored only a combined 44 points in the first three games of the series. Randle, who made his first All-Star Game in 2021, will need to step up on the offensive end for the rest of the series if the Knicks want a chance at moving to the next round. New York just does not have a consistent scorer like Trae Young, who averaged 25 points per game during the regular season - just 1.2 more points per game than Randle. However, Young, who made his first All-Star Game in 2020, scored a combined 83 points in the first three games of the series. Although Randle had 23 points in Game 4, Young still topped him with 27 points.


Series Outlook: The Knicks evened the series with the Game 2 victory and had Madison Square Garden celebrating like it was 1973, but most oddsmakers were still favoring the Hawks in this series. Neither the Knicks nor the Hawks have much playoff experience, but it has been the Hawks who have dominated the majority of the series. Atlanta is in search of its first playoff series victory since 2016, as Nate McMillan looks to lead the squad to success.

PlayOffs

NBA Predictions via FiveThirtyEight prior to the final two games on Monday, May 31

PGA Championship

On May 23, Phil Mickelson won the PGA Championship at Kiawah Island Golf Resort. Lefty captured his first major championship victory since 2013, as he truly defied the odds and became the oldest winner of a major at the age of 50 years old. Mickelson entered the PGA Championship between 200-1 and 300-1, and according to PointsBet, his odds were 400-1 after bogeying his first hole of the tournament.


Mickelson, who was searching for his first tournament win since 2019, had a total of four bogeys during the first six holes of his opening round, but his next 24 holes were bogey-free, as Lefty accumulated 11 birdies. His best day was Round 2 (69; -3), while his worst day was Round 4 (73; +1). However, he defeated Brooks Koepka and Louis Oosthuizen to capture $2.16 million and his sixth major championship. Can Mickelson continue to defy the odds in 2022 when he attempts to become the seventh golfer to complete the career Grand Slam?

BTC

Phil Mickelson has joined the above golfers with six career major championship victories via CBS Sports

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Crypto Market Cap

Total crypto market capitalization chart from Tradingview.com.

Cryptocurrency Capitulation

Cryptocurrencies had another challenging week. ETH and BTC both remain 40% below the ATH as was the total cryptocurrency market capitalization.


ETH looks to be trending sideways into a wedge formation. Generally viewed as a bullish signal, the wedge, in this instance, is formed within a larger downtrend. While it may indicate an upcoming breakout, it could as easily indicate a breakdown as well. The failure of ETH to break out above $3000 signals shifting momentum, which usually motivates investors to liquidate their positions and go to cash, as was seen last week. A strong support has formed at $2100, which may be a good entry for 5%-15% rallies. It would take significant price decline, likely to $1500, before momentum investors would view the signal as capitulation.


BTC is following a similar pattern. Capitulation would see the price bottom out at $24,000 before investors would consider putting in buy orders again. BTC's inability to break the $60,000 ceiling in first week of May led to a downtrend that touched $29,900 before it bounced back to the $36,000 level. The longer term signal remains problematic given little consolidation has been seen as of yet. Cryptocurrency volatility is unlike any other market and drawdowns of May have likely reduced institutional interest in the short term.


Though summer has traditionally been known to cause a slower market, May 2021 has not been a good for cryptocurrencies. Negative sentiment from Elon Musk's twitter account along with the looming regulation in U.S., China, and India were reasons for both retail and institutional investors to take pause. The news is expected to keep investors in cash thus causing prices to trend sideways in the summer months.

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