Now you can bet on the price of gas

August 10

Just when we though we saw it all when it comes to online gambling. Now, PinnacleSports.com is offering odds on the price of gasoline - you read it right - the price of gasoline.

When it comes to online gambling these days, we aren't always focused on slots and poker. Now, it's Supreme Court Judges and gasoline. Well, why not. Betting on gas might just take our minds off the fact that gasoline prices are at an all time record-breaking price. Heck, gas prices are effecting everybody, why not take a chance on winning some cash that you will no doubt, put right back into the pump.

Pinnacle says that it has actually pondered he thought of offering odds on gas prices for months now. With gas nearing an average of 3 bucks a gallon in some areas, now is the time.

Of all the sites offering odds on just about everything under the Sun, it comes as somewhat of a shock that Pinnacle would offer up odds on gas. Pinnacle is typically known to stick to the basics like sports and such. Giving online gamblers a shot at wagering on whether gasoline will reach $3.00 a gallon in New York or Los Angeles by the end of the year is drawing much attention. Odds posted on the price hitting 3 bucks a gallon in LA or New York by 2006 are 30-1. 

As of the end of last week, an average gallon of gas in LA was $2.616 according to AAA's analysis. Pinnacle will be using AAA's survey as a benchmark for it's offerings.

Pinnacle is also offering odds on nationwide gas prices. We recommend you check the site out for further details.