We have all seen our monthly budgets expand with the ever-increasing price of oil. We watch the needle of the gas gauge in our automobile and groan as we pull into a gas station to purchase a quarter of what we used to for the same price that once filled our tanks. For those that don’t have the funds to purchase a hybrid vehicle, gas prices have become something to dread.

But now, a number of websites have created a way to poke fun of the situation. Websites, such as Bodog Sports, are taking wagers nationwide on future oil prices. You can wager a maximum of $50 for a chance to win a free tank of gas. You can even view a list of odds, and choose from a number of betting options.

According to Bodog, the price of a barrel of oil will exceed $100 from November 30th through December 13th. The final price per barrel on December 31st is expected to be over 102.75. Will the prices continue to rise from there? Bodog’s listed odds are—yes. Hopefully they are wrong, but their calculation is a gallon of gas will be $4 by April 2008, and surpass the $5 mark by June 2008.

Depressing, yes? I’m sure you’ve heard the phrase “If you can’t beat them, join them.” Check out the Bodog website and take advantage of this misfortune. Oil prices are destined to increase, so get a little more for your buck. You may win a free tank of gas. Worst case-scenario, you found a way to get some fun out of a bad thing.

By Victoria Maro