ADW applies mostly to horse racing in the USA and reflects the growth in interest in wagering on races by bettors who are not at the track themselves.<\/p>\n Advance Deposit Wagering is best defined in a general sense as a form of gambling in which the bettor must fund an account before being allowed to place bets<\/a>.<\/p>\n That means you cannot place a wager on a race or event if you do not have sufficient money in your account to cover your stake.<\/p>\n It is most usually specifically applied to off-track betting on horse racing and greyhounds, but it can be used for casino wagering too.<\/p>\n ADW strikes a contrast with the traditional credit-based form of betting in territories such as the UK.<\/p>\n In decades gone by, your bookmaker would extend a line of credit, allow you to bet and you would settle up any overall loss at the end of the month.<\/p>\n It is still possible to open credit accounts. But most global sportsbooks now insist that you put your money in place before you can strike a bet.<\/p>\n In that sense, ADW is in line with a global trend. But it is a term specifically applied to its usage in the USA.<\/p>\n <\/p>\n Illinois and six other states \u2013 Connecticut, Illinois, Maryland, New York, Ohio, Oklahoma and Pennsylvania \u2013 were the first areas to allow ADW just before the turn of the century.<\/p>\n Since then they have been joined by several others and it is now available in 30 states. Some states even receive a share of the revenue from the action generated by ADW.<\/p>\n However, it is always worth checking the legality of ADW in the jurisdiction where you are located.<\/p>\n Several betting operators are specifically defined as ADW exchanges. They include TVG Network, TwinSpires.com, Xpressbet.com and Keenelandselect.com.<\/p>\n <\/p>\n The main positive for a bettor is that you can keep a precise track on how much you are staking.<\/p>\n The fact that you need to put your money down before<\/em> staking it means you can’t run up a big debt on credit and be hit with a nasty surprise somewhere down the line.<\/p>\n It\u2019s also an efficient way of betting on horse racing when you’re not at the track, or even in the state where the race is taking place.<\/p>\n Meanwhile, a company that offers bets with ADW does not face the risk of clients running up debts and being unable to pay them.<\/p>\n In a general sense, this creates a new revenue channel for the betting operator and, indirectly, the sport of racing.<\/p>\n <\/p>\n The fact that you are unable to have an impulse bet could be seen as a positive or a negative.<\/p>\n Sometimes you see a horse you fancy, or noticed in a previous race and meant to wager on when it next ran, and realize you have only minutes before the race is off.<\/p>\n The requirement to have funds in place with the betting operator before you can wager can mean you don\u2019t get the bet on in time.<\/p>\n However, on the flip side, ADW means you are less likely to bet impulsively and illogically, which should limit your losses in the long term.<\/p>\n While ADW increases off-track interest in racing and engagement in the sport, the sport pays a price.<\/p>\n Racing gets a smaller percentage from a dollar waged through ADW \u2013 about three or four cents \u2013 compared to about 12 cents if that dollar is staked through an on-track betting terminal.<\/p>\n It\u2019s estimated that 35-40% of betting on US racing is now through ADW. And Michele Fisher, vice-president of Sportech, has said that proportion is only going to move upwards and could soon be as high as 75%.<\/p>\n <\/p>\n Sources: Advance Deposit Wagering (ADW) is a form of gambling that has become increasingly popular across the United States. It has …<\/p>\n","protected":false},"author":43,"featured_media":4011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22,13],"tags":[],"acf":[],"yoast_head":"\n![\"Horserace\"](\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/Horserace_520133030.jpg\")
What is Advance Deposit Wagering and how does it work?<\/strong><\/h2>\n
Where is it used?<\/strong><\/h2>\n
![\"Horseracing\"](\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/3309218023_acf2fbc6ca_z.jpg\")
What are the advantages of ADW?<\/strong><\/h2>\n
What are the disadvantages?<\/strong><\/h2>\n
\nhttps:\/\/en.wikipedia.org\/wiki\/Advance-deposit_wagering<\/a>
\nhttps:\/\/www.investopedia.com\/terms\/a\/advance-deposit-wagering.asp<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"