Let’s just get one thing out of the way, right off the top. Yes, you can gamble on pro wrestling, a “sport” that is entirely fake and predetermined. You may be asking yourself, what kind of stupid betting establishment would take bets on something where the outcome is already known? The answer is: well, a lot of them.
Here’s a quick breakdown of the logic. A few dozen people (maybe even up to a hundred), all likely WWE employees, will know all the finishes for a big PPV event like the recent SummerSlam. Even if all of those people were to make surefire winning bets, a bookie would likely more than recoup those losses with the “dumb” money laid down by the general public. Pro wrestling gambling has a pretty small limit ($50 max bet on most sites), so everyone knows that it’s just for a wee bit of fun. Nothing too serious.
Unfortunately, the Wrestling Observer Newsletter is reporting that one greedy insider may have pressed his luck too far. The gambler, who likely works for the WWE in some capacity, placed a 10-match parlay bet for just $3.36 on the matches at SummerSlam. After nailing the outcome of all 10 matches, the ticket paid out a whopping $45,600. Ooops.
This will likely end the ability to make parlay bets on pro wrestling. And let’s be honest, any sportsbook allowing those in the first place was pretty stupid. It could make online betting shops completely reconsider even offering pro wrestling wagers. It may not be worth it for Brock Lesnar to bet $50 on his own SummerSlam match, but if you turn a fiver into $50,000 because you know the script, that’s a big problem.