Another book noted that such a practice would just open the door for beards. He cited one Vegas pro who is infamous for such tactics. The final agreement the books signed off on was a commitment to impose 20 cents as the standard baseball line for most shops. Those few who stay at 10 cents will not aggressively promote it. All new business will be at 20 cents.
Books can handle special situations as they see fit.
Credit packages should get the 20-cent line, but the books can do what they have to do. Wiseguys will be dealt 20 cents. But several BMs said that the straddles should be left to the discretion of the individual books. The meeting ended with a well-deserved round of applause for the host book. The suggestion was made that this should become an annual occurrence.