Wrestling is art. It's no different from watching a television show or movie. You watch it to be told a story, and to be kept entertained. I will always maintain that Bret Hart was the best all around wrestler because he had everything, the look, the athleticism, and the ability to drag amazing and very different matches out of a whole host of different styled workers.
Announcers don't always know who's going to win, sometimes they do. It also depends what company, TNA announcers read from scripts but most WWF/E commentators did it on the fly.
If you don't watch this match and enjoy it. You'll never be a wrestling fan.