A reader sent this story along. It was published in the January 5th edition of the Wall Street Journal. It's a very long read but pretty interesting for people who like gambling....

LAS VEGAS -- Veteran sports bettors and bookmakers are not prone to fantastic notions. They like to think that everything new is just something old in a fashionable suit.

But this fall, the stereotype no longer fit. Years of studied cynicism gave way to breathless talk. Las Vegas had a mystery on its hands.

Each Thursday morning at precisely 10 a.m. Nevada time, every major casino sports betting operation in the world from here to Costa Rica was being simultaneously pounded by thousands of bettors wagering millions of dollars on the same few college football games. Odder still, most of these lock step bets were turning out to be winners, costing the casinos a fortune.

Click here to read entire story...

Thanks to Ty for sending it along.