Costa Rican Sportsbook Taking Bets On Skyrocketing US Gas Prices
An online oddmaker YouWager.com, a First Fidelity sportsbook based in Costa Rica, is letting Americans bet on rising gasoline prices.

"Will gas prices hit $4 by June 15th? The odds are 3 to 1 they will. You wager $100 and win $300. If you want a longer shot, you can bet gas prices will get to $5. If you're right, we will pay you 8 to 1. If not, we will cheerfully take your $100," says Freddy Harris, the general manager, at youwager.com.

With interest rates and gasoline prices steadily rising and consumer confidence falling, some folks may be hoping to hedge the high cost of gasoline by wagering on it. Since the gas-price odds appeared on YouWager.com's board two weeks ago, about 60 people have put money on the $5-a-gallon bet, says Harris, and about 150 have bet that gas will break $4 a gallon.

"It's a fun thing. This is something you could debate at the barbershop. Put your money where your mouth is . . . if you have a strong opinion," says Harris.