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Advance-deposit wagering Advance-deposit wagering (ADW) is a form of horse race gambling in which the bettor must fund their account before being allowed to place bets. ADW is often conducted online or by phone. [2] Allowance race
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets.
Betting on the Favorite, an 1870 engraving. Betting on horse racing or horse betting [1] commonly occurs at many horse races. Modern horse betting started in Great Britain in the early 1600s during the reign of King James I. [2] [3] Gamblers can stake money on the final placement of the horses taking part in a race.
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. [1]
Spread betting was invented by Charles K. McNeil, a mathematics teacher from Connecticut who became a bookmaker in Chicago in the 1940s. [5] In North America, the gambler usually wagers that the difference between the scores of two teams will be less than or greater than the value specified by the bookmaker, with even money for either option.
An each-way bet is a wager offered by bookmakers consisting of two separate bets: a win bet and a place bet. [1] For the win part of the bet to give a return, the selection must win, or finish first, in the event.
A teaser (or a "two-team teaser") is a type of gambling bet that allows the bettor to combine his bets on two different games. [1] The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.
Blew like a north wind: Said about a horse whose odds have lengthened dramatically during the course of betting. Blinkers: A cup-shaped device used to limit a horse's vision during a race and improve concentration. [1] Bloused: To be caught on the line or defeated in a photo finish. Blow: When the odds of a horse increase during betting. [6]