Advance deposit wagering | Arkansas Blog

Wednesday, December 31, 2008

Advance deposit wagering

Posted on Wed, Dec 31, 2008 at 3:33 PM

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.

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