I'll mention this first one due to its relation to the next. This one is probably more well publicized. I'm speaking of the case where a big bettor wanted the Super Bowl (I believe for a million) but apparently insisted on getting a line of +2 instead of the +1 being offered. The book apparently acquiesced and gave him the line. This is while, evidently, they left the line the same as before for any other takers. Apparently, this news got out, there was a backlash, and the book subsequently offered the same line to other customers (for a period of time) as well as promoting some other big giveaway in order to sate the outcry.
My understanding is that gaming regulations restrict books from offering such individuated lines, so it seems to me reasonable that this was handled as it was. I'm sure that there is some fine print to this story that might present some red flags but I'll leave it at that.
What interests me more is an executive of a large Vegas book going on radio shows and talking about how much he coat-tails the big, 'sharp' players that (of course) he is well aware are either on the ball, hot, or what-have-you. Maybe this type of inside information--if that's what it is (I believe it is)--is not covered by current legislation. Maybe it would be a very difficult area to police in general, as I suspect inside information often is. I imagine that the more successful Wall Street investors prefer to have their investments remain a secret, but, now that I think about it...is this kind of information readily available? To the public or only to the investment bank's insiders?
I need some freakin' comedy, or something.
My head is swimming with crunchy numbers.
My understanding is that gaming regulations restrict books from offering such individuated lines, so it seems to me reasonable that this was handled as it was. I'm sure that there is some fine print to this story that might present some red flags but I'll leave it at that.
What interests me more is an executive of a large Vegas book going on radio shows and talking about how much he coat-tails the big, 'sharp' players that (of course) he is well aware are either on the ball, hot, or what-have-you. Maybe this type of inside information--if that's what it is (I believe it is)--is not covered by current legislation. Maybe it would be a very difficult area to police in general, as I suspect inside information often is. I imagine that the more successful Wall Street investors prefer to have their investments remain a secret, but, now that I think about it...is this kind of information readily available? To the public or only to the investment bank's insiders?
I need some freakin' comedy, or something.
My head is swimming with crunchy numbers.
