Hulk Hogan, The Rock & Stone Cold Steve Austin Enjoy a Beer at WrestleMania XXX (Photo)
A Lot of People Made a Lot of Money When Brock Lesnar Beat The Undertaker at WrestleMania 30
Heading into WrestleMania 30 on Sunday night, nobody who follows the WWE thought the Undertaker would lose.
Over the course of two decades, the Undertaker had gone 21-0 at the WWE’s marquee event. Last year he went toe-to-toe with superstar CM Punk and the match got a ton of hype, so people thought maybe his streak would end there. But this year he was wrestling Brock Lesnar, a guy who comes and goes from the WWE ranks, and the match was not hyped. So people fully expected the Undertaker’s streak to go to 22-0.
And that includes Vegas bookmakers—because yes, you can bet on pro wrestling.
Bovada had Undertaker opening as the heavy favorite at -3000. From there the odds went on to favor the Undertaker even more, and by Saturday afternoon they were set at -5000 for Undertaker. That means you would have to bet $5,000 on him just to make $100, while a $100 bet on Lesnar would make you around $4,000.
Of course, as you may know, Lesnar did beat the Undertaker on Sunday night. So anyone who placed a $100 bet on Lesnar when the odds were -5000 made a heck of a lot of money. And it turns out a lot of people did make that bet.
How do we know? Because from Saturday afternoon to Sunday evening at 6:15, the odds in favor of Undertaker went from -5000 to just -1200. That means, when the odds went to -5000, Bovada started getting a lot of action on Lesnar. Ergo, a lot of people must have made a lot of money when Lesnar won (and a lot of them were probably WWE employees who knew the outcome ahead of time).
Don’t worry, though. The Vegas sports books aren’t going to go broke because of this. Since pro wrestling is scripted, they cap all bets at $100. That means the most anybody made was under $5,000.
Hat Tip – [Forbes]