When judging a wrestling match, the referee takes into account several critical factors, including points scored, holds, and the effectiveness of maneuvers executed by each wrestler. The referee must remain vigilant to ensure fair play and adherence to the rules. Additionally, assessing each contestant's control and aggression levels can influence scoring. The referee’s decisions help determine the match's outcome and maintain sportsmanship throughout the competition, underscoring the importance of expertise and impartiality in officiating wrestling events.