Bloomberg - The Super Bowl Coin Toss Has a Dark Secret < 5min

Flipping a metal disk to determine which group of muscle-bound men gets to play with a football first may sound like a nonevent. But like everything else about the Super Bowl, the simple act has evolved into one of the rites of that pseudoreligious ceremony. The first nine coin flips, like the first nine Super Bowls, featured relatively little pomp, just a referee and the competing teams’ captains. From there the stakes grew with the TV ratings, gaining honorary coin-flippers from sitting presidents (Ronald Reagan, via satellite) to military heroes (David Petraeus) and becoming a popular wager for casual gamblers and junkies alike. The betting site Bovada offers more than 500 bets on the Super Bowl—How long will the national anthem last? What color Gatorade will be dumped on the winning coach?—and says the coin toss is among the top five most active. ... Meadlock discovered that Irving, a Montreal native, was well-known to securities regulators around the world. By the time of their initial meeting in Montreal, the elder Kott had survived two assassination attempts, including a prematurely detonated car bomb, described in the Canadian press as mob-related, and had received what was then the largest civil fine in Canadian history, for stock fraud. Irving had also run what Dutch authorities described as the most successful boiler room in the world.