(CBS New York/CBS Local) — Can you wager 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 legislation to cash in on a can’t-miss earnings flow. And it’s not just traditional sports that are getting all of the action. Sports entertainment is also becoming an increasingly common option for internet sportsbooks, with tens of thousands eager to plop down a few bucks on their favourite WWE Superstars, even though their destiny has been determined long before the match even begins. But it’s not as crazy of a concept as you may think.
Sportsbooks have long taken prop bets on everything from the outcome of TV shows to winners at the Academy Awards, each of which have been resolved and kept under wraps for days or months before being broadcast. If anything, there is a greater risk on gambling on professional wrestling, because strategies can change up until the moment 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, based on Adam Burns, sports book director for BetOnline. The total amount 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 is a nice sum for the Super Bowl of wrestling, but still paltry compared to actual Super Bowl, which will see action well into the millions.
The average 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’s more for people to have fun to bet , and they can tell their friends they really bet on WrestleMania,” Burns explained.
The low limits could be raised the day of the event, as oddsmakers become more comfortable with items, barring any last minute crazy rumors surfacing. BetOnline really applies a superb fan of sorts to keep track of such backstage gossip and adjust the lines so.
But don’t expect the constraints to be raised too much. The caps are in place in part to stop business insiders, as well as the wrestlers themselves, from cashing in.
“If the a couple of people who really know who is going to win are prepared to risk their job for a couple hundred dollars, then we’re familiar with this,” Burns concluded.
The whole operation is truly intriguing to track. Some of the wildest rumors that pop up might end up becoming prop bets. For instance, bets have been taken on if the newly retired Connor McGregor and Rob Gronkowski will look in this season’s Andre The Giant Memorial Battle Royal. The lineup on the UFC star to win is now +5000, while ex-New England Patriot, that made a cameo at WrestleMania two decades ago, is fairing far better at +1000.