Advance-deposit wagering
form of betting on horse races
Advance-deposit wagering (ADW) is a form of gambling on the outcome of horse races in which bettors must fund their 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 share of ADW revenues.
It typically involves betting on horse or greyhound racing. Wagering may take place through parimutuel pools.
Legality
United States
In the United States, advance-deposit wagering is regulated through a combination of federal law, state racing laws, and state racing-commission licensing. Interstate pari-mutuel wagering on horse racing is governed by the Interstate Horseracing Act of 1978 (IHA), codified at 15 U.S.C. Chapter 57. The IHA defines an "interstate off-track wager" as a legal wager placed or accepted in one state on a horserace taking place in another state, and includes pari-mutuel wagers, where lawful in each state involved, "placed or transmitted by an individual in one State via telephone or other electronic media and accepted by an off-track betting system in the same or another State". The Act further provides that no person may accept an interstate off-track wager except as provided in the Act, and that an interstate off-track wager may be accepted by an off-track betting system only if consent is obtained from the host racing association, the host racing commission, and the off-track racing commission.
Begin with the source’s own compact description: “Advance-deposit wagering” is form of betting on horse races. The dossier treats that line as a proposition to test through Advance-deposit, wagering and form, not as a finished interpretation.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Aug 19, 2026. The linked authority identifier is Q17985414. None of the 0 selected statements returned an explicit reference. The first chronological checks are 1978.
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This entry incorporates text from “Advance-deposit wagering” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.