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With the right online bookmaker, a gambler might get the opportunity to place wagers on election results, the Academy Awards, Olympics or any other event or celebration that’s set up as a competition. The rule of thumb is if more than one gambler will bet on it, it might be worth creating a market for those bets.
It should come as no surprise that most of the world’s relevant online bookmakers will create sports betting markets whenever and wherever possible. The world of sports betting is no longer confined to mainstream sports like Premiere League football, the USA’s NFL and NBA and Aussie Rules Football. In fact, many of Europe’s top online bookmakers will post lines/odds on professional darts, martial arts, handball, beach volleyball and a host of other sports that most people would consider to be a bit off the grid. Remember, equal opportunity gamblers have no problem transitioning from an online casino like Casinomir straight to a sports book where they can place a wager on a bike race.
The one thing all of these competitions have in common is the outcome is random and unpredictable. What’s happens if an online sports book has an opportunity to rake in revenues by opening up a betting market on an event or events where the outcome is predetermined? Welcome to the world of betting on World Wrestling Entertainment (WWE) wrestling matches.
Why Bookmakers Might Accept Wagers on WWE Matches
As a form of entertainment, the WWE is wildly popular in many parts of the world. The organization has evolved from a number of predecessor organizations that promoted and made professional wrestling very popular among wrestling fans located in Europe, South America and all through North America.
Without trying to burst any bubbles, the outcome of each and every pro wrestling match is predetermined. There is a script that each wrestler is expected to follow to help create storylines that serve as the cornerstone of the sport. Rest assured; pro wrestlers are marvellous athletes. They have strength, agility and certainly know how to take a fall, but its acting.
Every year, the WWE sponsors major wrestling events, namely The Royal Rumble and major matchers during WrestleMania. After months of promoting matchups between primary individual and “Tag-Team” championship contenders, the competition reaches a fever pitch. It drives WWE fans out of their collective minds. This creates a fantastic opportunity for online bookmakers to give said fans what they want, a chance to bet on their favourite wrestlers.
The problem should be clear: taking wagers on an event where the outcome is predetermined and known to insiders could open bookmakers up to tremendous losses. Not to worry about the bookmakers. When they do open a betting market on a major WWE event, they do so as a promotion. They drastically restrict the amount a gambler can wager, and the odds are never gambler friendly. They simply use the WWE event as an opportunity to draw new customers who love the WWE and might have a desire to do a little sports gambling in the future. Welcome to the world of betting on pro wrestling.
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