(CBS New York/CBS Local) — Would you bet on WrestleMania? From the words of the old Daniel Bryan,”yes, yes, yes.”
Interest in sports betting is soaring, as a growing number of states relax gambling legislation to cash in on a can’t-miss revenue flow. And it is not only traditional sports that are getting all of the action. Sports entertainment is also becoming increasingly popular alternative for online sportsbooks, with tens of thousands eager to plop down a few dollars on their favourite WWE Superstars, though their destiny has been determined long before the game even starts. Nevertheless, it’s not as crazy of a theory as you might think.
Sportsbooks have taken prop bets on everything in the outcome of TV shows to winners in the Academy Awards, each of which have already been resolved and kept under wraps for days or months before being broadcast. If anything, there is a higher risk on gambling on professional wrestling, because strategies might change up until the minute wrestlers walk through the curtain. In some cases, the end can even be altered mid-match.
Wagering on WrestleMania 35 is expected to be approximately quadruple that of a regular WWE pay-per-view, according to Adam Burns, sports book director for BetOnline. The total quantity of money wagered Sunday is expected to be somewhere at the top six-figure range, which is roughly the same as a mid-season NFL game. It’s a nice amount for the Super Bowl of wrestling, but still paltry compared to the actual Super Bowl, which will see action into the millions.
The average wrestling fan will bet around $50, and the maximum amount you can bet on a single match is only about $200, according to Burns.
“It is more for people to have pleasure to wager , and they can tell their friends they actually bet on WrestleMania,” Burns explained.
The reduced limits could be raised the day of this event, as oddsmakers become more comfortable with items, barring any last minute crazy rumors surfacing. BetOnline really applies a super fan of types to keep tabs on these backstage gossip and adjust the lines accordingly.
But don’t expect the limits to be increased too much. The caps are set up in part to stop business insiders, and even the wrestlers themselves, from cashing in.
“If the a couple of people who actually know who’s going to win are prepared to risk their job to get a few hundred dollars, then we are familiar with that,” Burns concluded.
The whole operation is really intriguing to monitor. Some of the wildest rumors that pop up might wind up becoming prop bets. For example, stakes have been taken on if the recently retired Connor McGregor and Rob Gronkowski will look in this year’s Andre The Giant Memorial Battle Royal. The lineup on the UFC star to win is currently +5000, while ex-New England Patriot, that made a cameo in WrestleMania two years back, is fairing far better at +1000.
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