Here's my tangential beef with that...
Let's pretend I'm friends with Tobias, or Kemba, or whoever, and I have some inside intel. It'd be some kind of insider trading-type stuff if I were to be placing bets on that, no? Where is that line drawn? You place bets based on your reading of information. Vegas is putting their ear to the ground on all intel and placing the lines accordingly. Where's the line of what us regular folk can use as intel?
Sports books have limits. Every online book will limit prop bets like where a player is going, or what color gatorade is used in the superbowl etc, to $500 or $1,000 so that insider information won't have much impact. Haven't done prop bets at an actual casino but I'd assume it's similarly limited; Kemba's buddy couldn't mortgage their house and put a bet on something like that. Bookies will make their money on the vig regardless (10-20%) so some people making a bit on insider info doesn't affect them.
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