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.
Added globalize:us, but maybe should be merged elsewhere
editThere was a paragraph in the article that was copied verbatim out of a web site, and referred to Australian law, not the US like the rest of the article.
I replaced it with a decent paragraph on it but I wonder whether the concept can simply somewhere else. It can't really be placed in Gambling in the United States as the term also applies to Canada. Possibly as a paragraph in Bookmaker about those that accept credit or not, and noting the origin of the colloquial ADW term in North America.
I'm wildly guessing that some Vegas operations are known for providing credit and thus it's become a specific language for states outside of NV/NJ(?) legalising them (initially for horse/dog racing or lotteries, latterly other sports) on the condition that credit not be provided.
Online operations in other countries (including my home country of Australia) are often simply ADWs by default, as most never accepted their own credit in the first place - they could accept credit cards as cash advances until this month (before 2017 the rules were more lax) - but the specific term is never used. It sounds like the concept needs description somewhere, but whether it's notable vis. being just a specific attribute of a bookmaker (does not/is not allowed to provide credit) I'm not sure.