Pt. 1 | Lucha Guide: The Basics
Luicha Libre is major business in Mexico. Popularity fluctuates, but it's a staple of Mexico similar to in the US and Japan. Unlike US and Japan, Mexican wrestling is much more heavily regulated. There is local wrestling commissions, and a wrestlers union. Wrestlers are social figures as well as wrestlers, and a lot of them can be seen participating in big social projects in conjunction with local governments. Commissions have been known to step in to settle title disputes, and even have sanctioned their own belts. There's a catch though, these commissions are very corrupt and are usually in the pocket of a promotion (usually CMLL).
Lucha Libre has some different rules to more traditional wrestling seen in the US, Japan, and Europe. The foundational match in Lucha is tag team, and specifically 3v3 trio, matches. Like singles matches in the US,. these are the bulk of most shows. Unlike 3v3 matches in Japan, these are not intended to be filler matches. Singles matches in lucha libre, whilst not rare, are seen as a big occasion. Most Lucha cards have singles matches sprinkled in, but still most are largely filled with tag team matches. In these matches, tags are not always required. The rule is, anybody that leaves the ring, their tag partner has to jump in to replace them immediately. Lucha, until very recently, was 2/3 falls by default. CMLL still has every match be 2/3 falls and single fall matches are known as "Lightning" matches. AAA has 1 fall matches, but they used to do 2/3 falls before too.
Lucha is known for really on-the-nose colorful characters. There isn't any shooter type characters, and when there is, it's heavily played up. Everything in lucha is always amped up by 100. It can be extremely cheesy and dumb, but also great. Lucha Libre openly distinguishes between heel (rudo) and face (tecnico). You'll see promotional packages, graphics, posters clearly advertise which is which. Commentators will refer to tis openly as well. There is very little tweener action in Lucha Libre. The few times a tweener has popped up, they tends to be faces who tend to beat up comedy face characters along the way.