Cantor Gaming; the operators of the M Resort, Venetian and Palazzo sportbooks in Las Vegas, recently released a statistic that shows three sportsbooks comprise 15 percent of the states spots wagering. There are a total of 208 books in the state of Nevada. This information was gathered from the Gaming Control Board.
Cantor Gaming’s Secret
Cantor Gaming is one of those books profiting around $375 million per year. The reason for such a large slice is because of technology and offering new gadgets. For instance, Cantor Gaming provides eDeck devices at the M Resort, Venetian and Palazzo. These are pocket casinos the size of a PDA and can be used to play other casino games while in the sportsbook. They can also be used to place bets on sporting events already in progress.
Used Elsewhere
These devices and ideas were developed by Cantor and have been used in European casinos for the past ten years. Other companies have attempted in-process betting by wagering on the direction a player will move during specific football plays.
The M’s System
The M’s system occurs when a player deposits money into a password protected casino wagering account. The player can then login utilizing a mobile device or a station within the sportsbook. In order to place a bet, the mobile device must be registered to that user which can be completed at the sports book ticket window. Bettors have the freedom to use them as long as they want and must return them when completed.
click here to see most Popular PagesThe M’s system is based several variables. One of these includes each player’s overall performance. Every player on each team is rated with a specific value which has a heavy influence on program’s algorithm.
Each time a team scores, the odds change instantly. Therefore the bettor can benefit from the new opportunity to bet on a specific team. Also, gamblers can wager on specific actions that may occur during a game. For instance, will a team acquire a first down during the current series or will a field goal be good.
Initial Testing
The first tests of this system in the United States occurred at the Venetian in 1998. They furthered their presence by acquiring companies that could contribute to the launch of this system. Finally in March of 2009 the system went live at the M Resort.
Technology is changing the way we eat, sleep, live and play. The M Resort’s innovative ideas are proof of this considerable change over the traditional betting methods. As we progress all casinos will become more advanced to stay one step ahead of the competition.
