I always check my tripod in a Tenba TTP bag, and I've never worried about it being stolen. I've had a laptop stolen from checked baggage at Laguardia (last time I do that!) and once I had some loose change stolen, but a tripod seems like a much more unwieldy thing to steal and maybe a little too specialized to fence easily. Do thieves really know which tripods are valuable? I'd guess that the larger video and cine tripods might seem more of an attraction, if someone really wanted to steal a tripod.
When my laptop was stolen, I also had a Canon EF and two lenses in my bag. They were obviously too old to be of interest.
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