I've seen this happen (or at least appear to happen) in real life where an obviously bored dealer was consistently hitting the same 1/3'd of the wheel and players were taking advantage of it. After a while a suit shows up and starts giving heat not to the players but to the dealer. Chatting them up with nonsense conversation to distract them out of their zone. This wasn't a pit boss/supervisor but casino security - guys that emerge from back rooms to give heat to card counters in blackjack.
The distraction worked: the now very awake and nervous dealer was no longer hitting similar areas and the players moved on to other tables.
Satisfied that it could be done, I moved on - never used the skill, except as a party trick.
I love that idea of a grifter being able to flip a coin as they choose.
Paying off a referee to have the coin turn up heads in overtime in a football game seems like it may net you some profit.
I don't care much about bad refs so long as they are consistently bad. However a perfect ref who missing one critical call is a lot more suspicious. Of course I prefer a great ref, but I can work with a fairly bad ref.
Forcing a coin toss of the kind used in sport, where the coin hits the ground, is more difficult.