Talk:Advance-deposit wagering

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Advanced Deposit Wagering

DEFINITION A form of gambling on the outcome of horse races in which the bettor must fund his account before being allowed to place bets. ADW is often conducted online or by phone. In contrast to ADW, credit shops allow wagers without advance funding; accounts are settled at month-end. Racetrack owners, horse trainers and state governments sometimes receive a cut of ADW revenues.

Moonviper (talk) 00:29, 31 August 2014 (UTC)Reply

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