WrestleMania 35: Betting On WWE Expected To Rival Betting On NFL

(CBS New York/CBS Local) — Would you bet on WrestleMania? From the words of the old Daniel Bryan,“yes, yes, yes.“
Interest in sports gambling is soaring, as a growing number of states relax gambling laws to cash in on a can not -miss earnings flow. And it’s not only traditional sports that are getting all the action. Sports entertainment is also becoming an increasingly popular option for internet sportsbooks, with thousands eager to plop down a couple of dollars on their favorite WWE Superstars, even though their destiny has been established long before the game even starts. But it’s not quite as mad of a theory as you might think.
Sportsbooks have long taken prop bets on everything from the results of TV shows to winners at the Academy Awards, each of which have already been solved and kept under wraps for days or even months before being broadcast. If anything, there is a greater risk on gambling on professional wrestling, because strategies can change up until the minute wrestlers walk through the curtain. Sometimes, the ending can even be altered mid-match.
Wagering on WrestleMania 35 is predicted to be about quadruple that of a regular WWE pay-per-view, according to Adam Burns, sports book director for BetOnline. The total amount of money wagered Sunday is expected to be somewhere in the upper six-figure range, which is roughly the same as a mid-season NFL game. It is a nice amount for the Super Bowl of wrestling, but still paltry compared to the actual Super Bowl, which will see action well into the millions.
The typical wrestling fan will bet around $50, and the maximum amount you can wager on a single match is only about $200, according to Burns.
„It is more for people to have fun to bet , and they can tell their friends they really bet on WrestleMania,“ Burns said.
The low limits could be raised the day of the occasion, 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 don’t expect the limits to be increased too much. The caps are set up in part to prevent business insiders, as well as the wrestlers themselves, from cashing in.
„If the a couple of people who really know who’s going to win are willing to risk their job for a few hundred bucks, then we are comfortable with that,“ Burns concluded.
The whole operation is really fascinating to monitor. A few of the wildest rumors that pop up might wind up becoming prop bets. By way of instance, stakes have been taken on if the recently 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 now +5000, while ex-New England Patriot, who made a cameo in WrestleMania two decades ago, is fairing much better at +1000.

Comments are closed.