(CBS New York/CBS Local) — Can you bet on WrestleMania? From the words of this old Daniel Bryan,”yes, yes, yes.”
Interest in sports gambling is soaring, as a growing number of states relax gambling legislation to cash in on a can not -miss earnings stream. And it is not only traditional sports which are getting all of the action. Sports entertainment is also becoming increasingly common alternative for internet sportsbooks, with thousands eager to plop down a couple of bucks in their favorite WWE Superstars, even though their fate has been determined long before the game even begins. Nevertheless, it’s not as crazy of a theory as you may think.
Sportsbooks have taken prop bets on everything from 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’s a greater risk on gambling on professional wrestling, since plans can change up until the moment wrestlers walk through the curtain. In some cases, the end 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 total amount of money wagered Sunday is expected to be somewhere in the top six-figure range, which is about the same as a mid-season NFL game. It is a wonderful amount for the Super Bowl of wrestling, but still paltry compared to actual Super Bowl, which will see action well into the millions.
The typical wrestling fan will bet around $50, and the maximum amount you’re able to bet on a single game is only about $200, according to Burns.
“It is more for people to have fun to bet on, and they can tell their friends they actually bet on WrestleMania,” Burns explained.
The reduced limits could be increased the day of this event, as oddsmakers become more comfortable with things, barring any last minute wild rumors surfacing. BetOnline really applies a super fan of types to keep tabs on such backstage gossip and adjust the lines accordingly.
But do not expect the constraints to be increased too much. The caps are in place in part to stop company insiders, as well as the wrestlers themselves, from cashing in.
“If the one or two people who really know who’s likely to win are prepared to risk their job for a few hundred bucks, then we’re familiar with this,” Burns concluded.
The whole operation is truly intriguing to monitor. Some of the wildest rumors that pop up can end up becoming prop bets. By way of example, stakes have been taken on whether the newly retired Connor McGregor and Rob Gronkowski will appear in this season’s Andre The Giant Memorial Battle Royal. The line on the UFC celebrity to win is currently +5000, while ex-New England Patriot, that made a cameo at WrestleMania two decades back, is fairing far better at +1000.
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