Would you bet on a fight that is scripted even with the promise that the outcome will not be leaked to the public before the match ends? What is the ethical consideration is this case? Well this is the new information regarding the WWE about to explore this new type of betting option. You can read a part of the news quoted below and make your comments.
WWE Keen to Explore Betting on Scripted Fights as an Option
But if the states were to clear this type of betting, that would only raise integrity concerns observers believe, as the outcomes of fights would be known and the possibility of a leak – high. WWE is reportedly working with Ernst & Young, an accountancy firm, to prove that the results of such fights would not be known to the public beforehand nor that they would leak out of the organizaiton.
Ernst & Young has previously advocated for the legalization of Academy Awards betting, and worked to keep the results a secret, proving that it’s possible to know an outcome beforehand and still have a fair betting market on the activity. WWE is of a similar mind, as the Oscars are already supported as betting markets in some places in the country, so why would sportsbooks hesitate to offer WWE fights, which are a form of entertainment for the most part rather than a pure athletic contest?
No official comment has been made by WWE officials to further elaborate on the situation, but Colorado has already denied the rumors. The Colorado Division of Gaming spoke to CNBC and briefly said that it had no intention of allowing betting on WWE matches as of right now. Legalizing WWE fights as viable betting events is not a stretch, however.
https://www.gamblingnews.com/news/wwe-wants-to-launch-gambling-on-scripted-fights-in-colorado-michigan/I could really never imagine if anyone would take betting on WWE in serious consideration. Betting on WWE could be the biggest scam. Let's say that outcome will not be leaked, okay, but I'm afraid they'll collect the data, analyze how much money is bet on X side and Y side and the game will act according to whatever result brings the most profit to casinos.
This is what I mean:
Imagine there is a fight between John Cena and Dwyane.
Totally $20 million is betted on John Cena and $100 million is betted on Dwyane.
We don't know the outcome but they know that if John Cena wins, casino will profit $80 million (not net profit) but if Dwyane wins, casinos will lose a lot. They'll also take bet odds into consideration for more profit and less outcome.
Definitely, it's a big no no!