Is WWE real or fake? Why are the camera angles always opposite when people hit each other?

It kind of looks both fake and real. As you said the camera angles are quite awkward. When some is about to get punched at his face, the back camera comes into play and we are not able to see whether he got punched really on his face or not. As far it entertains and it has been entertaining us for more than 20 years it is okay.