It seems odd to allow people to bet on a sport that isn't a sport. The idea that a person can wager money on an outcome that is fixed seems opposite the point of gambling in the first place, since the odds that someone knows and can make a financial profit off something they've previously learned the results to is high. In cases like these, to say the house always wins would be the farthest thing from the truth.
Yet, professional wrestling—an athletic form of entertainment—is not a sport. There is no real competition, only two physical actors playing out a scripted idea and making the audience believe the outcome is a surprise. In fact, unless an accidental pin, like the one that happened between AJ Styles and Kevin Owens a few weeks ago occurs, there are multiple people who know the results ahead of time and stand to make a killing at the betting window. As the Wrestling Observer Newsletter is reporting, that's exactly what happened with this year's SummerSlam.
Dave Meltzer wrote that there wasn't enough smart money (handicappers and professional sports betters) in time for betting sites to adjust the line. While it has become a bit of a habit to change results last minute to throw off both betters and Internet smarks, in the case of this year's SummerSlam pay-per-view, none of the finishes were changed. As a result, someone with inside knowledge, who knew all of the show's results made a wager of $3.36 and ended up winning a parlay of 10 matches to take home over $45,600.
Not surprisingly, the betting site that lost the money is now considering removing WWE from the lineup of available bets. Bookies and gambling ventures can't possibly make a profit when the margin to win a $3 bet can turn into a profit of $45K.
This could lead to a domino effect of other sites removing the WWE as well. Realistically, WWE should not be available to gamble on. WWE talents have been caught betting money, insiders with knowledge have been caught betting money and all gamblers, in the end, are betting on a competitive matchup that isn't a competition.
WWE gambling isn't nearly as popular as betting on other sports. So a loss like this is sure to have sealed the fate for the small group of people who thought gambling on these matches were fun.