cantor sports betting

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п»їCantor Sports approved for new sports bet.
On Wall Street, day traders call it “points.” In sports books, bettors call it “vig,” which is short for “vigorish.”
In either case it’s the cost of making a bet (or investment), and the goal is to get it as cheaply as possible.
Toward that end, Cantor Race and Sports at the M Resort have launched a new sports betting concept called “Inside Wagers,” in which sharp bettors can wager on NFL games – sides, totals and money lines – for very little, in any, vig.
The new betting concept was just approved for a field trial by Nevada gaming regulators.
Traditionally, sports books charge a 10 percent commission or “vig” on NFL bets. Thus, a bettor would have to risk $110 to win $100, regardless of whether they’re laying or taking the points.
On Sunday, for example, the Chargers are a 7-point favorite to beat the Rams. Whether you take the points with St. Louis or lay them with San Diego, the cost is –110 either way.
That 10 percent commission is an arbitrary amount, says Cantor Gaming’s Andrew Garrood, adding that bettors shouldn’t always be locked into a 10 percent surcharge.
“There’s certainly nothing etched in stone that says you have to charge – or pay – a 10 percent commission on a sports bet,” Garrood said.
Garrood said bettors won’t pay the 10 percent vig under Cantor Gaming’s new Inside Wagers.
The only other cost of the bet is a fixed fee of 2ВЅ cents, up to a maximum of 2ВЅ percent, applied to all Inside Wagers.
The same type of betting model would be used for game totals – a reduced commission schedule applied to, say, a 45-point over/under total for the Chargers/Rams game.
But perhaps one of the most attractive features of Cantor’s Inside Wagers is when betting a team’s money line, which is technically a decimal equivalent for the odds of a team winning its game.
Once again, the only cost is the fixed fee assessed on all Inside Wagers.
Note that Cantor Race & Sports’ Inside Wagers, recently approved by Nevada’s Gaming Control Board, is a special betting option and not part of the regular rotation.
“Even though special rules apply, we believe this is the most efficient mechanism for sports bettors,” Garrood said. “Bettors will benefit from a much reduced vig.”
In order to participate, players must sign up for a sports wagering account, which will entitle them to bet into several Inside Wagering “windows,” which will open for limited periods of time, beginning Thursday and continuing through Monday.


CG Technology Nevada Sports Betting Mobile App.
[toc] CG Technology leases high end sports book space in major Las Vegas casinos. It is a subsidiary of financial giant Cantor Fitzgerald. The company was known as Cantor Gaming for most of its existence. Some locals still call it by the former brand.
CG Technology uses a platform developed by Innovative Gaming Solutions for its mobile apps. It is the third generation of the platform. The original version of CG Technology’s mobile sports betting app was not compatible with many older devices. The second was buggy, slow and had some annoying features, for lack of a better word.
CG Technology offers an Android and iOS platform for its sports betting app.
The CG Technology bookmakers are more willing to take risks than most other Las Vegas sports books. They will take action that many others will refuse, though that reputation is not on the level it once was. CG Technology will often have high limits for major events when compared to its Nevada competitors.
Types of wagers available on the CG Technology sports betting app.
CG Technology offers standard betting on its sports betting apps.
This includes football, baseball, hockey, basketball, boxing, tennis, auto racing, golf, mixed martial arts, soccer and horse racing. Straight bets , parlays and teasers are available on the CG Technology app. Prop bets , futures , and win totals are also spread. The minimum bet for any wager is $5. In-play wagering is not accepted on the mobile app. Exotic parlay and teaser cards spread at CG Technology sports books are often available on the app.
CG Technology deposit bonus.
CG Technology once offered a $50 deposit bonus at each of its sportsbook for use on the mobile app. This offer is no longer available.
CG Technology deposit options.
There is only one way for most players to fund a CG Technology mobile app account: A player must bring cash to one of its books.
The minimum deposit is $50.
Deposits may only be made at any CG Technology sports book. Deposits of over $2,000 may be made by bank wire but this method is discouraged. CG Technology does not cover the fees incurred by this method.
CG Technology withdrawal options.
Bricks-and-mortar casinos related to CG Technology.
There are eight properties that CG Technology leases sports book space.
Its flagship book is at the M Resort on the far south end of the Las Vegas Valley. Palms , Hard Rock Casino , and Silverton are the other sports book CG Technology operates in the Las Vegas locals market. There are four Las Vegas Strip resorts operated by CG Technology. It owns a dual book in the Venetian/Palazzo resort. There are also CG Technology sports books in Tropicana and Cosmopolitan .
Advantages the CG Technology app has over competitors.
The CG Technology app has two advantages over its competitors.
CG Technology permits bets on tablets that do not have data plans. Wagers may be made over a wireless internet connection as long as it is in Nevada. The company uses a software that is unique to Nevada. This gives players another option that is not Miomni or William Hill.


CG Sportsbooks.
One of Nevada’s largest sportsbooks operators since 2009, our Las Vegas-area sportsbooks have been acquired by William Hill Race & Sports Books, effective September 1, 2020.
We appreciate your business over the years. Customers with funds in their accounts have been contacted about the transition process. If you still have questions, please visit our FAQ page or contact us via our online form.
our portfolio.
Effective September 1st, 2020, the CG Sportsbooks listed below were acquired by William Hill Race & Sports Books:
The Venetian Resort The Cosmopolitan of Las Vegas Silverton Casino Resort Tropicana Las Vegas Palms Casino Resort Spa.
The acquisition does not include the CG Sportsbooks at M Resort (closed in 2019) and the former Hard Rock Hotel & Casino (closed in early 2020).
common questions.
Q. I have a mobile sportsbetting account. What happened to my account?
Q. Did the sale affect my Race account as well?
A. Yes, the sale covers horse racing, but since race accounts are not transferable to William Hill all accounts will be closed and funds returned to account holders. Race reward points accrued with CG will be transferred to William Hill and be redeemable pursuant to its redemption policies.
Q. I have a winning over-the-counter ticket. How do I get paid?
Q. How do I obtain a win/loss statement or other documentation?
Q. I had money in my account. What happens to the balance?
Q. I have an open bet or futures bet. What happens now?
Get in Touch.


Cantor Gaming Company.
Cantor Gaming Company Information: The 4-1-1 on America’s Most Innovative Gaming Company.
If you’ve been to The Venetian, Tropicana, etc. in Las Vegas, perhaps you’ve seen a sign or logo for Cantor Gaming and wondered exactly what it meant. The short answer is Cantor Gaming is a gaming technology company. The long answer is forthcoming. You’re probably familiar with Las Vegas sportsbooks and/or the online sportsbooks. But you might now be familiar with Cantor Gaming and their influence on the world of sports betting, especially in the United States.
Cantor Fitzgerald, L.P. – the parent company of Cantor Gaming – is a leading financial services company worldwide. According to the Cantor Gaming company website, Cantor Fitzgerald “has over 65 years experience and unparalleled expertise of highly secure, real-time financial transaction processing, management, and execution”. The biggest, most successful banks in the world – they do business with Cantor Fitzgerald.
Cantor Gaming is a subsidiary of Cantor Fitzgerald and deals specifically with casino gambling including poker, sports betting and horse betting. They provide casino sportsbooks and online sportsbooks with the following services…
Gaming systems Operation and management services System licensing Software design and development Supplying gaming hardware Installation of products Full technical support.
Las Vegas sportsbooks that call upon Cantor Gaming to improve their sportsbook are able to offer their customers services other sportsbooks aren’t. Some of those features include mobile betting applications and casino games (i.e. blackjack, slots, etc.) that customers can play while watching sporting events. Providing customers with this type of service keeps them in the sportsbook, betting on more events instead of leaving the casino.
The purpose of Cantor Gaming is to – in a sense – increase the profitability of a sportsbook. How do they do that? By providing sportsbooks certain features that keep customers in the sportsbook, placing bets. There is a lot of competition for customers in Las Vegas sportsbooks so those doing business with Cantor Gaming are at a distinct advantage.
Exclusive Mobile Gaming Technology.
In today’s world, every business is at an advantage when offering clients easy ways to make a purchase. That’s where Cantor Gaming’s mobile betting applications come into play. Customers of Cantor Gaming can place wagers on their iPhone or Android smartphones. This is a feature that makes sports betting more convenient especially for the hardcore sports bettor. With the Cantor Gaming Mobile App, there is no waiting in line to place a bet. Customers don’t even have to be located in the sportsbook.
They can place a wager while eating dinner at home, shopping at the mall, or walking the dog. Sports betting isn’t the only mobile application Cantor Gaming offers. Customers can also download regular casino game apps on their smartphones. Want to play blackjack from the comfort of your own home on your iPhone? That’s possible thanks to Cantor Gaming.
Additional Cantor Gaming Products.
IN-RUNNING: Ever wanted to place a wager in the middle of a game? As the game goes on, In-Running allows sports bettors the opportunity to still place wagers. The lines and odds change as the game goes on.
BETTOR ODDS PARLAY: Being a successful sports bettor requires constant checks of updated odds. That’s far too much work and time consuming. Well, it used to be. Now, thanks to Cantor Gaming’s BOP, sports bettors can simply log onto their Cantor Gaming account and get up-to-the-minute lines.
KILL THE NUMBER: If you think traditional Keno is somewhat boring, you might enjoy Kill the Number. It’s Keno…with a twist and available at Cantor Gaming sportsbooks. Instead of hoping the numbers you select are chosen, you want your numbers to remain unselected. After each round, you can choose to press your luck or cash out.
Cantor Gaming has changed the face of sports betting – both with mobile applications and live betting. The next time you’re at places such as The Venetian or Tropicana Hotel and Casino in Las Vegas, make sure you check out the sportsbook and become familiar with the many benefits of gambling with Cantor Gaming.
Current Casinos with Cantor Gaming Sportsbooks:
Venetian/Palazzo Tropicana Hard Rock Palms Casino Cosmopolitan M Resort Silverton.


Justice News.
CG Technology, LP, formerly doing business as Cantor Gaming (CG Technology and Cantor Gaming), [1] one of the largest race and sports book operators in the United States, has entered into a non-prosecution agreement and agreed to pay $16.5 million in penalties and forfeiture to the federal government to resolve a criminal investigation into the company’s past involvement in illegal gambling and money laundering schemes. In addition, pursuant to the agreement, CG Technology will provide continuing cooperation and has undertaken far-reaching reforms to its business and compliance operations. Michael Colbert, a former senior executive officer at Cantor Gaming, who was the Director of Risk Management, previously pleaded guilty in the United States District Court for the Eastern District of New York to conspiring to participate in an illegal gambling business. Colbert faces up to five years’ imprisonment for his involvement in criminal activity at Cantor Gaming.
The resolution was announced by Robert L. Capers, United States Attorney for the Eastern District of New York; Daniel G. Bogden, United States Attorney for the District of Nevada; Philip Bartlett, Inspector in Charge, United States Postal Inspection Service, New York Division (USPIS); Richard Weber, Chief, Internal Revenue Service, Criminal Investigation (IRS-CI); and James P. O’Neill, Commissioner, New York City Police Department (NYPD).
“Cantor Gaming quickly grew into one of the largest race and sports book operators in the United States. Unacceptably, this growth came at the expense of compliance with the law, and as a result Cantor Gaming became a place where at least two large-scale illegal bookmakers could launder their ill-gotten proceeds. The Cantor Gaming senior officer who oversaw the illegal conduct has pleaded guilty for his involvement in this criminal activity. The non-prosecution agreement recognizes Cantor Gaming’s decision to accept full responsibility, provide complete cooperation, and take remedial measures to enforce best industry practices going forward,” stated U.S. Attorney Capers. Mr. Capers thanked the investigative agencies for their outstanding commitment and dedication over the course of this investigation. Mr. Capers also thanked the District Attorney’s Office for Queens County, the Financial Crimes Enforcement Network of the Department of the Treasury, and the Nevada Gaming Control Board, Enforcement Division for their assistance with the investigation.
“CG Technology’s admissions that it violated federal laws by accepting messenger betting, out-of-state betting, and processing large amounts of monies which were the proceeds of illegal activities, are significant victories for the government,” said U.S. Attorney Bogden.
“CG Technology, formerly Cantor Gaming, ran its enterprise with total disregard for government regulations and the penalties associated with breaking the law. As Postal Inspectors and their law enforcement partners continue to prove, greed and eagerness to ‘game’ the system will never be tolerated, and those who choose to ignore the law will be brought to justice,” said USPIS Inspector Bartlett.
“Cantor Gaming bet on never getting caught but this wager didn’t pay off,” said Chief Weber, IRS Criminal Investigation. “Financial transactions always leave a money trail and IRS-CI Special Agents relentlessly follow that trail. This large scale illegal bookmaking investigation uncovered the kind of widespread corruption that is too often associated with criminal enterprises. Working with our law enforcement partners, we will continue to pursue these types of investigations to keep the books clean for consumers and corporations who are following the law.”
“Illegal sports betting is a multi-million-dollar business often involving other illicit activity. There is good reason why this activity needs to be regulated and operated according to the law and industry standards. The ‎illegal conduct forming the basis for this investigation was clearly motivated by greed and deliberate disregard for the rules of the gaming industry. This settlement should serve as a message to those who try to beat the system,” stated NYPD Commissioner O’Neill.
Pursuant to the non-prosecution agreement signed today, Cantor Gaming, which is now known as CG Technology, acknowledged and accepted responsibility for aiding and abetting the operation of an illegal gambling business and money laundering from approximately 2009 through 2013. Cantor Gaming, an affiliate of the financial services company Cantor Fitzgerald, LP, operates race and sports books in the following eight casinos all located in Las Vegas, Nevada: the Venetian, the Palazzo, the M Resort Spa Casino, the Hard Rock Hotel and Casino, the Tropicana, the Cosmopolitan, the Palms Casino Resort, and the Silverton Casino Hotel.
Cantor Gaming’s strategy to grow its business required it to attract and retain bettors who frequently placed large wagers on sporting contests. To do so, Cantor Gaming offered higher betting limits than other sports books and gave the important bettors preferential treatment, including direct access to Michael Colbert, whose job was to set the lines and odds for the betting contests. Important bettors interacted with Colbert and his staff rather than the “front of the house” staff that was under the supervision of Cantor Gaming’s chief operating officer, which normally handled interactions with bettors. To accommodate some of the important bettors, Colbert and his staff facilitated violations of state and federal laws, including: (a) knowingly accepting and facilitating “messenger betting” [2] in its sports books on repeated occasions; (b) knowingly accepting and facilitating out-of-state betting activity through wire communications; and © processing large cash deposits and withdrawals and third-party wire transfers, knowing that the property involved represented the proceeds of some form of illegal activity. As set forth in the Statement Facts, which is attached to the non-prosecution agreement, two of these important high volume bettors ran illegal bookmaking operations and were able to launder their illegal proceeds through Cantor Gaming wagering accounts.
On or about August 21, 2013, Michael Colbert pleaded guilty in the Eastern District of New York to conspiracy to conduct an illegal gambling business, in violation of Title 18, United States Code, Section 371, and faces a term of imprisonment of up to five years when sentenced.
In light of CG Technology’s complete acceptance of responsibility for the full breadth of its unlawful conduct, cooperation, and far-reaching remedial measures, the government has agreed not to prosecute CG Technology for its criminal conduct, provided that CG Technology complies for two years with all the terms of the agreement executed today.
The government’s case is being handled by the Office’s Business and Securities Fraud Section. Assistant United States Attorneys James P. Loonam and Matthew Amatruda are in charge of the case, with assistance from Assistant United States Attorney Brian Morris of the Office’s Civil Division, which is responsible for the forfeiture of assets, as well as Assistant United States Attorney Nicholas Dickinson of the District of Nevada.
[1] Cantor Gaming changed its name to CG Technology, LP in January 2014. The conduct which was the subject of the criminal investigation occurred while the company was doing business as Cantor Gaming.
[2] The practice of having an agent or “runner” place a bet on behalf of a third-party in exchange for compensation is known as “messenger betting.” It is illegal for a licensed sports book in Nevada to knowingly accept wagers from compensated agents.




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