WrestleMania is a massive event, providing excitement for a massive boost for the local economy and fans. And WWE’s biggest event of the year is a chance to get rich.
Online sportsbook Bovada was taking bets at the night’s matches, and there was apparently plenty of action because the cash lines were going during the week. That’s not to say gambling on pro wrestling is a good idea. In fact, it seems pretty foolish to wager on matches which have scripted endings, particularly because somebody had to write that script.
I have previously heard that wrestling-related gambling lines have a propensity to swing hard before the games start because that’s when people inside the promotion, who know the planned outcome of every game, would make their bets. I really don’t have any hard evidence of that happening Sunday night, but I do know that at least some bettors predicted among the most surprising outcomes in recent memory, and today they are laughing their way into the bank.
Lots of fans – myself included – thought the closest thing to a sure bet would be Undertaker defeating Brock Lesnar and extending his WrestleMania winning streak to 22-0. Most gamblers seemed to concur with the opinion.
Undertaker opened at -3000; in other words, you’d want to wager $3,000 just to win $100 in an Undertaker success. That line later moved into -4000, and from Saturday afternoon was at -5000. Clearly nobody was expecting a loss to Lesnar, and Bovada wasn’t making it easy for bettors to win money from the”sure thing.”
However, by 6:15 Sunday night? The Undertaker money line had surged the other method to -1200. The explanation is that Bovada needed a great deal of activity going the way of Lesnar. The line would float back to -3000 to -2500, then down again by 6:30 at 6:50.