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

You might recall that Boxing phenom Floyd Mayweather recently made news for posting his winning Sports Wager on his Twitter. He placed that wager at the Cantor M Resort Spa Casino. Apparently, this is where he likes to place his Sports Bets as many other twitter posts show the same Cantor@M trademark.

“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”

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 Mr. 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,” Mr. Amaitis said.

Billy Walters Practices Bankroll Management

Walters uses the data from his systems to come up with his own lines and then
bets on the differences.  He varies his bet amount by how much different
his own line is from the sportsbook’s line.  He mentions that he had won a
record amount on the Saints/Colts Superbowl: $3.5M.  Clearly he took
advantage of substantial differences in his own projections vs. the oddsmakers
and the higher betting limits that a Superb Bowl allows.

Billy Walters Is Very Astute About Line Moves

For anyone paying attention, this was the real revelation about the
program.  Walters was speaking to one of his beards on the phone (guys who
place bets for him) and he was very strict saying that if a casino would allow
him a half point, he would play, and if not he would hold off.  Line moves
are the #1 way for a bettor to beat the house, without question.

To do some math, remember that as the bettor, you are risking money in the
proportion of $110 to win $100 when you bet.  Therefore you need to win
approximately 52.4% of the time to win money.  Line moves give you an
opportunity to blow these odds out of the water.  Even if your system was
flipping a coin, picking up an extra point in the NFL would give you an extra
4.6-6.0 percent chance of winning – meaning just by being astute about shopping
for lines, you have increased your chances from 50% to around 55% on each game
which over the course of a season will lead to huge returns.  In the NBA, a
point is even more pronounced, giving the gambler an extra 5.8-6.6%
advantage.  Realizing how the numbers are stacked in a line shopper’s
favor, it is no wonder that Billy Walters was so emphatic and disciplined about
a half point…

Our take away

While Billy Walters didn’t give away the farm regarding his betting
philosophy, it was nice to see such a big fish in our little corner of the
world, sports betting, get some mainstream airtime.  While Walters let on
that he was serious about system betting, and we believe him, he offered little
into what criteria he considers when looking for an advantage.  The most
telling part was what he said to his beard about line shopping: he was very
serious about gaining an advantage from line moves.  The numbers bear him out:

 Line Moves are the number one way to profit in Sport Betting. Take that to the bank!