Since WWE is pre-determined, it has always been fascinating that gambling sites allow for betting on the results. It is a fun way for the average fan to add some extra excitement to a Pay-Per-View but since the outcomes are pre-determined, there is a big chance for people in the know to make money off it.
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According to Dave Meltzer in the Wrestling Observer Newsletter (subscribe here), that is exactly what happened with a WWE insider at Summerslam.
Someone who knew the finishes at Summerslam reportedly put down a bet of $3.36 on a 10 match parlay. For non-gamblers, this means that all 10 matches had to be correct for them to make any money. If one match lost, their entire ticket was finished. They got all 10 matches correct and walked away with an impressive $45,600.
According to the Observer, gambling sites are considering dropping betting on WWE all-together because things like this can happen. If they do allow it to continue, they won’t allow parlay’s anymore.
Meltzer also says that there are some WWE talents that bet on results. This usually causes the odds to shift and why we saw the big swings in betting favorites as the event drew closer.
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Surprised this doesn’t happen more often.
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