More on Toeldo
Proud partisans at the University are “stunned” that a point shaving scandal could happen on their campus. I was surprised too, but for different reasons. The idea that an operator could get $100k down on a Toledo game without the line adjusting or being taken off the board — one of you betting hounds can check the data on that — suggests to me that online sportsbooks may have added a lot of liquidity to the point spread market in recent years.
The other interesting news today is that the perpetrators are being chased down on the basis of a tip to the FBI by Las Vegas Sports Consultants. These are the people who make the initial lines for the Vegas sports books. One thing they do is pore over the betting action, seeing which teams are developing a “following.” Or something slightly different in the case of point shaving. It is intriguing that Vegas now runs to the FBI rather than a kneecapping hoodlum to keep the market straight these days.