Payout

Before the development of Internet technologies, starting in the mid-70s, various remote methods of betting on various sports began to gain more and more popularity in America. Accordingly, if a player made a bet remotely, then the prize payments he needed to send remotely. So the term payout appeared – the payment of money from the accounts of a bookmaker to the bank accounts of its customers. And this procedure is different from prize payments to players who are credited to their virtual accounts inside the bookmaker.

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