Punk's chances saw a big upgrade when Daniel Bryan was diagnosed with a concussion. If Bryan cannot go, and Cena is written out of the title picture, Punk becomes the best babyface to challenge for the WWE WHC. Right now it is looking like Punk is going to end up in a match against Triple H, and a week ago his chances of winning the Rumble wouldn't be nearly as high. But Bryan's concussion, depending on how quickly he can recover, might throw a huge wrench into the plans for Wrestlemania, and what looks definite right now could easily change by next Sunday. Punk has never won the Royal Rumble, nor has he main-evented Wrestlemania before, all despite being either the WWE's most popular or second most popular wrestle for most of the last several years.
20:1- Randy Orton
Even more abstract than Cena possibly winning the match is Randy Orton, the current WWE WHC, winning the Royal Rumble. Orton losing the title fair and square to Cena, and then slithering back into the Royal Rumble and winning the match to challenge for the title at Wrestlemania is a pretty unique way to get to the main-event of Wrestlemania. Orton's chances basically come down to what WWE wants to do with the WWE WHC at Wrestlemania. If they want it to be Randy Orton vs John Cena, then this is the way I think they will do it, if they want to go away from Orton then he probably won't even be in the match.
The returning Batista is one of the most decorated wrestlers of the last 10 years, and he has been the one to be rumored to win the match on Sunday. It will be Batista's first wrestling match in nearly four years, so it would come as a little bit of a surprise if he were to actually win the match. On the other hand, Batista has a long history with both Randy Orton and Triple H, so it makes sense to launch him into a feud with both of them, especially in the main-event at Wrestlemania. Batista would probably be the favorite if it wasn't for the fact that he hasn't been a part of WWE for such a long time, and it seems unrealistic that they would put him directly into the biggest spot in the company. The Rock did that, but Batista is not nearly as popular or marketable as The Rock.
5:1- Daniel Bryan
Bryan looked destined to be locked into a feud with Bray Wyatt, going at least through Wrestlemania, but Monday's events have changed all of that. Bryan is clearly the most popular wrestler WWE has, and his recent close-but-no-cigar feud with Randy Orton transitions nicely into a main-event for Wrestlemania. Bryan is as popular as ever, and the time is ripe for the picking for him to become the number one face in WWE, at least for a little while. Bryan's recent concussion might make a difference, but pro wrestling is different than regular sports in that Bryan could still appear and his opponents could specifically not work on anything with his head. Bryan could easily come in at number 30, work 5 safe minutes and win the Royal Rumble with no complications. Bryan is undisputedly a deserving winner, and his victory would probably be the most well-received Royal Rumble victory since at least Chris Benoit's win in the 2004 Rumble.
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