ODDSMAKERS PREDICT WITH 87.5% CERTAINTY THAT THE HOLLYWOOD STRIKE WILL CONCLUDE BEFORE THANKSGIVING

--Universal Pictures is the favorite to be the first to settle 

--Only 12.5% chance that 2024 Oscars or Golden Globes will be canceled

BetUS.com - the original online sportsbook marking its 30th season in business this year - has released its much-anticipatedbetting market on the ongoing 2023 Writers Guild of America Strike. Topping the charts is the confident prediction that the strike will conclude before the Thanksgiving festivities.

“Our oddsmakers opened the market with -700 (1/7) odds, which is an implied probability of 87.5% that the writers will be back at their desks before the turkey is carved,” stated Tim Williams, Director of Public Affairs for BetUS.

And while odds are subject to change depending on the betting patterns of the public, “those are very strong odds, showing a high degree of confidence on the part of our oddsmakers,” Williams adds.

Historically, betting markets have been astoundingly accurate predictors of real-world outcomes. In recent years, BetUS odds accurately predicted the outcomes of major sports championships, political races, and entertainment awards. This makes the platform's current predictions on the WGA strike worth noting.

A highlight from the betting options includes -200 odds (1/2 fractional, 66.67% implied probability) that the new agreement will indeed have explicit protections against the use of AI in scriptwriting. In a rapidly digitalizing world, such a move would safeguard the essence of human creativity in storytelling.

Interestingly, the race among major studios to settle first appears to be leaning in favor of Universal Pictures. The odds stand at +155 (31/20 fractional, 39.2% implied probability), suggesting that they might lead the pack in reaching a resolution.

Williams added, “Betting markets have this uncanny ability to gauge public sentiment and expert opinions, crystallizing them into hard numbers.  Over the last 30 years our betting markets have accurately predicted the outcome of countless current events in the realms of politics, entertainment, and of course, sports.”

The following table contains all of the options in BetUS’s Writers Guild of America betting market, along with the corresponding odds and implied probabilities.  To check the latest odds, BetUS recommends checking their live betting market.