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(CBS New York/CBS Local) — Would you bet on WrestleMania? In the words of this 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 revenue flow. And it’s not just traditional sports that are getting all the action. Sports entertainment is also becoming an increasingly common option for internet sportsbooks, with tens of thousands excited to plop down a couple of dollars on their favorite WWE Superstars, though their destiny has been established long before the match even starts. Nevertheless, it’s not as mad of a theory as you might think.
Sportsbooks have long taken prop bets on everything in the results of TV shows to winners in the Academy Awards, each of which have been resolved and maintained under wraps for days or even months prior to being broadcast. If anything, there’s a greater risk on gambling on professional wrestling, since strategies might change up until the moment wrestlers walk through the curtain. In some cases, the ending can even be changed mid-match.
Wagering on WrestleMania 35 is predicted to be approximately quadruple that of a regular WWE pay-per-view, based on Adam Burns, sports book director for BetOnline. The whole 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 is a nice amount for your Super Bowl of wrestling, but still paltry compared to the 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 bet on a single match is just about $200, according to Burns.
“It’s more for people to have fun to wager , and they can tell their friends they really bet on WrestleMania,” Burns explained.
The reduced limits could be raised the afternoon of the event, as oddsmakers become more comfortable with items, barring any last minute crazy rumors surfacing. BetOnline actually employs a superb fan of types to keep tabs on such backstage gossip and fix the lines accordingly.
But don’t expect the limits to be increased too much. The caps are set up in part to stop company insiders, and even 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 comfortable with that,” Burns concluded.
The whole operation is truly intriguing to monitor. A few of the wildest rumors that pop up can wind up becoming prop bets. For example, bets are being taken on if 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 in WrestleMania two years ago, is fairing far better at +1000.

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