In a move nobody could have possibly seen coming, a person with insider information about WWE reportedly made over $45,000 betting on the company’s SummerSlam event, according to Dave Meltzer’s Wrestling Observer Newsletter. As a result, gambling sites are starting to think that maybe allowing people to bet on a sport whose outcome is predetermined could be potentially problematic.
According to Meltzer, the insider in question made “a $3.36 parlay bet on ten matches” and won $45,600 as a result. Meltzer says the company won’t be taking parlay bets anymore, and that the win could “kill the landscape” of pro wrestling betting, as the betting companies realize they could be easily scammed by someone who knows the finishes to matches.
Usually, people with insider knowledge start placing bets close to the event, causing companies to adjust the odds (and online dirt sheets to run spoilers about the “smart money” odds), but this didn’t happen at SummerSlam, which allowed one person to make such a huge killing.
If nothing else, betting companies should take comfort in the knowledge that this came completely out of the blue, and there’s nothing anyone could have done to prevent this from happening.
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