Advance deposit wagering
Oaklawn Jockey Club, the Arkansas division of the Horsemen’s Benevolent and Protective Association and TrackNet Media have finalized an agreement on advance deposit wagering. The result of the agreement will have Oaklawn races available on the ADW outlets owned by TrackNet Media, TwinSpires.com and XpressBet.com, as well as to Youbet.com for the 2009 live thoroughbred season at Oaklawn, which includes 54 racing days from January 16-April 11.
If we understand the process correctly, a bettor opens an account with one of the four entities listed in the Oaklawn announcement and then makes bets -- up to the amount in the account -- on races at Oaklawn and other tracks around the country. Again, if we understand the process, it appears that the Internet might be used to place bets using the funds in your account.
It all sounds sort of complicated.
If we understand the process correctly, a bettor opens an account with one of the four entities listed in the Oaklawn announcement and then makes bets -- up to the amount in the account -- on races at Oaklawn and other tracks around the country. Again, if we understand the process, it appears that the Internet might be used to place bets using the funds in your account.
It all sounds sort of complicated.
Comments
If we understand the process, it means another billion for the Cella family. Is there any record of anyone ever choking to death cause they gots too much dough?
Posted by: Deathbyinches![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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December 31, 2008 03:43 PM
If I understands the operation seems some states will find it highly illegal and if "deposits" are paid by any wire transmission the feds will frown upon it.
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Posted by: eLwood![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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December 31, 2008 03:54 PM
I'd call it Cyber Bookie.
Posted by: PVNasby![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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December 31, 2008 03:56 PM
My former neighbor, a trained Mac engineer and myself were strongly tempted to
begin online gaming operation in 1997 until we were told of the wire transfer rule.
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Posted by: eLwood![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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December 31, 2008 03:57 PM
If I understand the process correctly, a man will make a bet if he chooses to do so, regardless of the legalities, either at the track, online, or with a bookie. So whats the big deal?
Posted by: Tony![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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December 31, 2008 05:17 PM
I don't do any of it. I do mine live. At the track. Period.
Posted by: Cato![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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December 31, 2008 07:07 PM
If I lose big will the gummint bail me out?
Posted by: Carrick Patterson![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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December 31, 2008 07:16 PM
>>If I lose big will the gummint bail me out?
Only if you work for Bank of America or Merrill Lynch.
Posted by: eLwood![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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January 1, 2009 12:02 AM
Not sure why this is posted as "news." I've been betting on Oaklawn races (and many other tracks) on line through Twinspires.com (formerly Brisbet.com) for years with an account tied to my checking account. I can put in more money or take out money in real time. I get to watch live video, too. And a $100 bonus for wagering $100 in the first month I had the account. Guessing Oaklawn just re-upped for another year and Munford thinks this is a new thing.
Posted by: Big Fun![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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January 1, 2009 03:56 PM