WrestleMania is a huge event, providing excitement for a boost for the local economy and fans. And WWE’s biggest event of this year is also a chance.
Online sportsbook Bovada was taking bets at the night’s matches, and there was apparently plenty of action because the cash lines were moving during the week. That’s not to say betting on pro wrestling is a fantastic idea. In fact, it seems pretty foolish to wager on games which have scripted endings, especially because someone needed to write that script.
I’ve previously heard that wrestling-related gambling lines have a tendency to swing hard before the games start because that’s when people inside the advertising, who understand the projected outcome of every match, would create their bets. I really don’t have any hard proof of that occurring Sunday night, but I do understand that at least some gamblers predicted one of the most surprising results lately, and now they’re laughing their way into the bank.
Many fans – myself included – thought the nearest thing to a sure bet is Undertaker beating Brock Lesnar and extending his WrestleMania winning streak to 22-0. Most gamblers appeared to concur with the sentiment.
Undertaker opened -3000; in other words, you would want to wager $3,000 just to win $100 in an Undertaker victory. That line moved to -4000, and by Saturday afternoon was at -5000. Clearly nobody was expecting a loss to Lesnar, and Bovada was not making it easy for bettors to win money from the”sure thing”
But by 6:15 Sunday night? The Undertaker cash line had surged another method to -1200. The rationale is that Bovada needed a great deal of action going the way of Lesnar. The lineup would float back at 6:50 into -3000 to -2500, then by 6:30.
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