Waitlist at CU Boulder

I was recently waitlisted. CU Boulder is my dream school, and my stats are good enough to merit admission, but I was waitlisted. Their website seems fairly uninformative. Any Alums, current students/parents of current students or anybody else have any idea what the odds are of getting off of the waitlist? Ideally, I’d hear back by May 1st, but is that at all likely? What should I do? I’ve already indicated that I would like to be included on the waitlist.

Any help is greatly appreciated. CU is still my dream school, and it would mean the world to me to be able to go there