(CBS New York/CBS Local) — Can you wager on WrestleMania? In the words of the old Daniel Bryan,”yes, yes, yes.”
Interest in sports betting is surging, as a growing number of states relax gambling laws to cash in on a can’t-miss revenue flow. And it’s not just traditional sports which are getting all of the action. Sports entertainment is also becoming an increasingly popular alternative for internet sportsbooks, with tens of thousands eager to plop down a few dollars on their favourite WWE Superstars, even though their fate was established long before the game even begins. But it’s not as mad of a theory as you may think.
Sportsbooks have taken prop bets on everything in the outcome of TV shows to winners at the Academy Awards, both of which have already been resolved and kept under wraps for days or even months before being broadcast. If anything, there’s a higher risk on gambling on professional wrestling, because plans can change up until the minute wrestlers walk through the curtain. Sometimes, the ending can even be changed 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 manager for BetOnline. The whole quantity of money wagered Sunday is expected to be somewhere in the top six-figure selection, which is about the same as a mid-season NFL game. It’s a wonderful amount for your Super Bowl of wrestling, but still paltry compared to actual Super Bowl, which will see action into the millions.
The typical wrestling fan will bet around $50, and the maximum amount you’re able to wager on a single game 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 said.
The reduced limits could be raised the afternoon of the occasion, as oddsmakers become more comfortable with items, barring any last minute wild rumors surfacing. BetOnline actually employs a super fan of sorts to keep tabs on such backstage gossip and adjust the lines so.
But don’t expect the constraints to be increased too much. The caps are in place in part to prevent company insiders, as well as the wrestlers themselves, from cashing in.
“If the a couple of people who actually know who is going to win are willing to risk their job to get a couple hundred bucks, then we are comfortable with this,” Burns concluded.
The whole operation is really fascinating to track. Some of the wildest rumors that pop up might wind up becoming prop bets. For instance, stakes have been taken on whether the newly retired Connor McGregor and Rob Gronkowski will look in this year’s Andre The Giant Memorial Battle Royal. The line on the UFC star to win is currently +5000, while ex-New England Patriot, who made a cameo in WrestleMania two years ago, is fairing far better at +1000.
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