[dudeinjapan]

One should seek to determine the theoretical price (i.e. "true" price) of an asset. If the spoof bid is above the theoretical price, then you hit it. The spoof bid is noise... find the signal and make the spoofers pay dearly.

[smabie]

Oh sure yeah but it's unlikely spoof bid would be above theo.. too risky on the part of the spoofer

[dudeinjapan]

Then its not really a spoof is it? They'd be happy to trade it :)