Places wagers

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Possible Answers:

Bets.

Last seen on: Daily Celebrity Crossword – 4/8/20 Wayback Wednesday

Random information on the term ” Bets”:

Pachinko (パチンコ) is a type of mechanical game originating in Japan and is used as both a form of recreational arcade game and much more frequently as a gambling device, filling a Japanese gambling niche comparable to that of the slot machine in Western gaming.

Pachinko parlors are widespread in Japan and usually also feature a number of slot machines (called pachislo or pachislots); hence, these venues operate and look similar to casinos. Modern pachinko machines are highly customizable.

Gambling for cash is nominally illegal in Japan, but the widespread popularity of low-stakes pachinko gambling in Japanese society has enabled a specific legal loophole allowing it to exist. Under the law, pachinko balls won from games cannot be exchanged directly for money in the parlor, nor can they be removed from the premises or exchanged with other parlors; however, they can be legally traded to the parlor for so-called “special prize” tokens (特殊景品 tokushu keihin), which are then legally “sold” for cash to a separate vendor located off-premises. These vendors (ostensibly independent from—but often owned by—the parlor owner) then sell the tokens back to the parlor at the same price paid for them (plus a small commission), thus turning a cash profit without technically violating the law.

Bets on Wikipedia