Your favorite entertainment sport, wrestling, might just win you some good money. As more states legalize sports betting, WWE betting is gradually gaining popularity in the USA.
As a fan, you probably know that WWE has predetermined outcomes for entertainment purposes. However, the outcomes are safely guarded by a few scriptwriters. As such, it still makes sense to wager on the result of an event or even a single match.
So, do you want to learn more about WWE betting? Read on.
Is WWE betting legal in the USA?
Yes and No. Until 2018, there was a federal ban on sports betting in the United States. Nevada had a monopoly in sports betting. Now, two years after the supreme court lifted the ban, full-scale legal sports betting is available in 14 states, including New Jersey and New York.
WWE betting is offered by sports betting sites. So, if you live in any of the 14 states, you can bet on WWE matches and events online. Check out this link for the best NJ sports betting sites.
Why bet on the WWE
The following are three good reasons you should consider betting on your favorite WWE events:
Value
WWE is a less popular sport in the betting market. As such, sportsbooks do not spend a lot of time setting the lines – they focus on more popular sports where there’s more action. So, there’s a high chance of the bookies setting more favorable lines for the betters. Plus, after the lines are set, and something happens that might affect the outcome of an event, the bookies might not update the odds in time.
The point is, if you spot these bad lines, you can make decent winnings.
Limited risk
Most bookies limit the amount you can stake on a WWE event. Why? Because they do not want to lose big money in case the predetermined outcome leaks to the public. Most of the time, the maximum wager on a single WWE bet is less than $100.
Fun
Watching wrestling is fun. What would make it even more fun is predicting who will win? You’ll be more interested in the event, and you’ll add more suspense and anticipation to the matches.
Besides, fun should be the main reason you bet. For that reason, you should stake an amount you wouldn’t mind losing. That way, at the end of the event, if your favorite doesn’t win, no frustrations; you still had fun watching.
WWE betting markets
Betting on WWE is easy, as the markets are straightforward. Unfortunately, your betting choices are limited – bookies only offer betting odds on pay-per-view events. You can hardly find odd on the Raw and Smackdown.
Also, you need to understand the odds to know the favorite and the underdog. Click here to understand moneyline odds (the system used by US betting sites).
Match winners
Betting on a match-winner is straight forward. You pick a wrestler you think will win an event. You should use the odds to guide your choice.
Let’s say Brock Lesnar is facing John Cena in the Universal Championship. And, the odds read:
John Cena -180
Brock Lesnar +200
In the eyes of the bookie, John Cena is the favorite. Meaning, you’re more likely to win if you place a bet on him. Still, you can risk going with the underdog and win bigger money.
Last longer bets
Another popular bet, especially in Royal Rumble events, is the last longer bet. Here, you bet who will last longer in the ring between two wrestlers.
Proposition Bets
There are many props in WWE events. Mostly, you will bet on popular wrestlers and celebrity appearances. For instance, you might bet on Barrack Obama appearing in the next WrestleMania event.
Appearance proposition bets have great odds on both celebrities and iconic wrestlers who have not made appearances in a long time.
Other proposition bets include:
First-time winner: betting on a wrestler who has never won the event before
First to appear: betting on which wrestler will appear first. This prop bet is mostly available for events that involve many wrestlers such as Royal Rumble.
WWE Betting Strategies
The predetermined outcomes might make you think it is easy to bet on WWE events. But, the most obvious result is not always the case. The scriptwriters throw in surprises from time to time. For instance, the favorite wrestler might get disqualified. Also, toss-up matches tend to go either way (not scripted).
Watch and familiarize yourself with WWE
Watching WWE will help you understand the events and the competitors involved. Remember, the real value of WWE betting is on bad lines. If you do not carefully follow the competitions, you will not identify bad lines easily.
Research on prediction analysis websites
Many websites provide prediction analysis. These analyzers better understand the inner working of WWE. They know who the WWE currently favors and what superstars they are building.
Maximize on bonuses
Almost all bookies offer bonuses once you sign up and make a deposit. In most cases, these bonuses are in the form of free play. For instance, a bookie could provide a 50% bonus on your first deposit. So, if you deposit $500, you get an extra $250 to place bets.
