Advance-Deposit Wagering - ADW

DEFINITION of 'Advance-Deposit Wagering - ADW '

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.

BREAKING DOWN 'Advance-Deposit Wagering - ADW '

In the United States, the legality of ADW is determined by individual states. For example, Illinois has allowed its adult residents to participate in ADW since 1999 under the Illinois Horse Racing Act of 1975; Illinois receives a cut of ADW revenues. The companies TwinSpires.com, Xpressbet.com, TVG and KennelandSelect.com are some of the major players offering ADW betting exchanges.

RELATED TERMS
  1. Gambling Income

    Any income that is the result of games of chance or wagers on ...
  2. Gambling Loss

    A loss resulting from games of chance or wagers on events with ...
  3. Casino Finance

    A slang term for an investment strategy that is considered extremely ...
  4. Bookie

    Someone who facilitates gambling, commonly on sporting events, ...
  5. Linked Transfer Account

    Accounts held by an individual at a financial institution that ...
  6. Credit Card Funding

    The ability to electronically fund a new account, business, or ...
Related Articles
  1. Investing

    A Quick And Dirty Look At Sports Gambling

    Americans love to gamble on sports, but most of the money wagered doesn't come with a receipt - or the backing of the U.S. government.
  2. Markets

    Why American Pharoah May Not Win The Triple Crown

    On Saturday, American Pharoah will attempt to win horse racing's Triple Crown at the 147th Belmont Stakes. The feat that has only ever been accomplished 11 times. Three of those 11 winners took ...
  3. Personal Finance

    Betting On March Madness? Watch Out For The Tax Man

    Gambling on your office bracket is one thing, but gambling on your tax bracket is another. Learn how to keep more of your winnings, while keeping the IRS happy.
  4. Trading

    The Top Spread-Betting Strategies

    What are the most commonly followed spread-betting strategies (in countries where it's legal)?
  5. Managing Wealth

    Warren Buffett's Probability Analysis Advantage

    The principle of elementary probability lies at the core of Warren Buffett’s investing philosophy.
  6. Markets

    PayPal Eases Back Into U.S. Online Gambling (PYPL)

    It was about two months ago when PayPal (NASDAQ: PYPL) stepped out on its own and began trading as a separate entity, and investors couldn't have been happier. On its first day of active trading, ...
  7. Trading

    Why Financial Spread Betting Gets a Bad Rap

    Spread betting lets speculators trade on price movements. Investors predict whether the spread between the bid price and the ask price will rise or fall.
  8. Trading

    What Is Spread Betting?

    The temptation and perils of being over leveraged is a major pitfall of spread betting. However, the low capital outlay necessary, risk management tools available and tax benefits make spread ...
  9. Trading

    Are You Investing Or Gambling?

    We look at ways in which gambling creeps into trading, and what may drive an individual to trade - or gamble - in the first place.
  10. Investing

    Warren Buffett's Probability Analysis Is His Key To Success

    Warren Buffett didn't get rich through luck. His shrewd acumen when picking investments is based on thorough research and careful attention to probability.
RELATED FAQS
  1. What is the difference between speculation and gambling?

    Learn about speculation and gambling, examples of speculation and gambling, and the main difference between a speculator ... Read Answer >>
  2. How do I invest or trade market indicators?

    Read about how investors can trade actual market indicators, such as the S&P 500 Index, rather than specific stocks or commodities. Read Answer >>
  3. Is financial spread betting considered an investment?

    Learn about the basics of investing in spread betting and how investors protect investments from loss when using this risky ... Read Answer >>
  4. What taxes will I pay if I win a lot of money while gambling in Las Vegas?

    Travel to Vegas and try to win big at the casino; but before you do, make sure you understand the tax laws that govern gambling ... Read Answer >>
  5. What is the difference between a modified duration and a Macaulay duration?

    Understand how investors and savers can use money market mutual funds and conventional savings accounts, and learn the differences ... Read Answer >>
  6. What are the requirements for opening a savings account in the United States?

    Understand what information and documentation is necessary to open a savings account within the United States, and learn ... Read Answer >>
Hot Definitions
  1. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  2. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  3. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  4. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  5. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  6. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
Trading Center