WrestleMania is a huge event, providing excitement for fans and a massive boost for the local market. And WWE’s biggest event of the year is a chance.
Online sportsbook Bovada was taking bets on the night’s matches, and there was apparently plenty of action because the money lines were moving throughout the week. That’s not to say betting on pro wrestling is a good idea. Actually, it appears pretty foolish to wager on games which have scripted endings, particularly because somebody had to write that script.
I have previously heard that wrestling-related betting lines have a propensity to swing hard right before the games start because that is when people inside the advertising, who understand the planned outcome of every game, would create their bets. I don’t have any hard proof of that happening Sunday night, but I do understand that at least some gamblers predicted one of the most surprising outcomes in recent memory, and today they’re laughing their way to the bank.
Lots of fans – myself included – thought that the nearest thing to a sure bet is Undertaker defeating Brock Lesnar and extending his WrestleMania winning streak to 22-0. Most gamblers seemed to concur with the sentiment.
Undertaker opened -3000; Quite simply, you would need to wager $3,000 only to win $100 in an Undertaker success. That line moved to -4000, and from Saturday afternoon was -5000. Clearly nobody was expecting a reduction to Lesnar, and Bovada was not making it simple for bettors to win money from the”sure thing.”
However, by 6:15 Sunday night? The Undertaker money line had surged the method to -1200. The only explanation is that Bovada needed a great deal of activity going the way of Lesnar. The lineup would float back into -3000 to -2500, then by 6:30 at 6:50.
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