Some people are surprised when they learn that you can bet on wrestling at all. It is quite a unique sport in that the progress and outcome of any bout is planned beforehand, and someone, somewhere, knows what is going to happen. But you can bet on a choreographed sport such as this. Let’s explore how it works and how the odds are calculated.
Gambling odds are carefully worked out when they are offered to you, and below we’re looking at some of the ways in which they are calculated. Lots of betting sites and companies have their own ways of doing things, so we can’t guarantee that this is exactly how every company does it, but there are certain patterns in the way odds tend to be offered. When you go to LA sports gambling operators, you know that thought has gone into the odds and markets.
Consider an event like a Royal Rumble, and the fact that people don’t even know who is participating – it is perhaps surprising that you can bet on the potential winners.
It is true that there aren’t usually as many markets in wrestling when compared to other sports. Look at wrestling compared to boxing, a sport that isn’t choreographed. In boxing, it is more likely that you will be given odds on things like when the fight will finish and how it will finish. In wrestling, an outright winner is the main thing you will be offered odds on.
Let’s look at how odds tend to be calculated.
Form
“Form” in wrestling is not the same as boxing form. The form can be based on what you think is likely to happen, having watched previous matchups. Where do you think the writers are going to take the storyline?
Anything can happen, but then that is true of pretty much all sports. The events running up to a WWE matchup definitely still play a part in the form and what is likely to happen moving forward.
Rumors
It is up to you whether you listen to the rumors or not. Twitter is always alight with people talking about WWE and other wrestling events.
These might be taken into account when setting the odds, and the truth is that storylines can change, and the writers can alter things as they see fit. On top of that, rumors aren’t always reliable. Those who are spreading the rumors may just be speculating or looking to make some headlines. They will usually have some impact on the odds, though.
Patterns
Because wrestling is predetermined, the WWE writers could suddenly decide that they are going to make a wild underdog the winner. Often, they settle on creating a captivating storyline. Even your favorite film directors tend to have patterns in the way they do things. The people setting the odds may think they know what the writers are hinting towards.
Remember that a big part of the appeal of wrestling is that it is relatively realistic at times. If the stories were utterly unbelievable, they would probably lose viewers, so the patterns may be spotted in the storylines, with odds-setters cutting odds accordingly.
If there are specific betting patterns, these may also play a part in the odds. A lot of money coming in on one wrestler might be a sign that there is inside knowledge or that people think they know what is happening. There are strict privacy rules, of course, and leaks are rare.
Odds may be conservative
Because of the fact that anything can happen, odds can sometimes be a little on the conservative side. That said, there are many potential winners in an event such as a rumble, so there are a lot of chances to make a profit if you call the outcome correctly.
Those setting the wrestling odds have to be a little bit cautious, as there is always the chance of something truly out of the blue happening, but this is the same as a lot of other sports.
Conclusion
There was a time when you couldn’t bet on wrestling. In recent times, it is more common to find betting companies giving odds on events such as wrestling and other markets that rely on writers and decision-makers. For instance, you can bet on who is going to be the next James Bond, so it makes sense that you can bet on the outcome of huge PPV wrestling events. Odds are more complex to work out, but there is certainly value to be gained when betting on wrestling.
