International edition
September 18, 2020

In Las Vegas

Cantor introduces Inside Wagers sports betting option at M Resort Spa Casino

(US).- Cantor Gaming, an affiliate of global financial services company Cantor Fitzgerald, announced that it has received authorization from the Nevada State Gaming Control Board to field test a new sports betting medium called Inside Wagers.

Inside Wagers, which will initially be introduced at the M Resort Spa Casino, gives patrons the opportunity to wager on individual games inside the conventional bookmaker lines. The system will operate on a commission basis to the patron on bets that are accepted.

“Inside Wagers is a line within the line, a revolutionary concept in the world of sports betting,” said Lee Amaitis, CEO of Cantor Gaming. “We’re creating an environment that allows people to get in and out of games at a much lower cost. Instead of the traditional 10 percent fee imposed on every bet, patrons will now be offered the opportunity to wager on an event at a substantial discount to the traditional rate,” he added.

Bets through Inside Wagers can only be placed during a designated betting window on a first-in, first-out basis. Once the window of time closes, additional bets are not allowed. All bets are then reviewed and either accepted in total, in part, or declined by the sports book based on demand of the wagering marketplace.

“Because lines continually move and Inside Wagers betting windows will open and close throughout the week starting on Thursday, patrons can take advantage of making bets based on the anticipated movement of the line, just as you would in the financial market,” said Amaitis.

Inside Wagers further builds upon Cantor Gaming’s expertise in financial technology, bringing Wall Street style trading to Las Vegas sports wagering. “We’re in the business of creating unique gaming experiences and continuously updating our products and technology to offer customers a gaming experience that they can’t get in any other sports book,” Amaitis said.

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