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HankonFirst, why there is an assumption that Rose only bet on his teams? From what I understand, there is evidence suggesting that he bet against his team.
I don't think it is a practical or desirable situation for MLB to have a rule that managers can bet, but only for their teams. How is this going to be enforced? "Okay, managers, you can set up your bookie accounts, but make sure you only bet on your team. At the end of each month send in your receipts and a notrized letter from your Guido, so we double check your bets." I just don't see how Managers setting up accounts with bookies and regularly placing bets on games is desirable for the sport? My opinion is that it would be a mess, if only from a PR standpoint.
Lastly, it's a moot argument. MLB is not going to allow Managers to bet.