New AmWager Option Allows Cash-Out in Pick 4 Bets

The founder of AmWest Entertainment, LLC, Nelson Clemmens has led the diversified horse race wagering company since 2004. Managing eight off-track betting locations with simulcast races, Nelson Clemmens is also the creative force behind the company’s online wagering platform, AmWager.com.

In collaboration with the England-based pool betting operator Colossus Bets, AmWager is the first advance-deposit wagering (ADW) platform based in the United States that permits bettors to cash out on certain types of multi-race, horizontal wagers in advance of the final race in the set. An option for races on international tracks, the “cash-out” functionality is expected to be added soon to US track wagering.

The “deal-or-no-deal” option allows horseplayers who have selected a Pick 4 ticket to cash out after they win the first three segments of the races without waiting to see the outcome of the fourth pick. The cash-out offer is less than the amount for winning all four bets, but bettors avoid the risk of losing everything if they make a bad selection in the final race.

Thunder Snow Wins Dubai World Cup by a Nose

Nelson Clemmens, founder of AmWest Entertainment, LLC, oversees a company that offers simulcast services of Thoroughbred racing events as well as an online wagering platform, AmWager. A member of several professional associations, Nelson Clemmens also supports state, national, and international Thoroughbred racing events, including the Dubai World Cup.

The winner of the 2019 Dubai World Cup was Thunder Snow, marking the horse’s second consecutive win at the race. Trained by Saeed bin Suroor and jockeyed by Christophe Soumillon, Thunder Snow’s official time in the 2,000-meter race was 2 minutes, 3.87 seconds. His 2019 finish was about two and a half seconds longer than the track record he set during last year’s win: 2 minutes, 1.38 seconds.

Winning over Gronkowski by a nose, five-year-old Thunder Snow is the first horse to win the Dubai World Cup consecutive times. Overall, Thunder Snow has won eight of his 23 career starts.

Sponsored by Emirates Airline, the prize money for the elite Dubai World Cup racing event is $12 million.

Data-Focused Horse Racing Industry Looks to Enhance Performance

Entrepreneur and horse breeder Nelson Clemmens has served as the Owner and CEO of AmWest Entertainment, LLC, headquartered in Prospect, Kentucky, since 2004. The company focuses on Thoroughbred breeding and technology-enhanced wagering and is the parent firm of the AmWager platform. Nelson Clemmens is additionally a member of the National Horsemen’s Benevolent and Protective Association (HBPA). 

In March 2019, the HBPA held its annual convention in Clearwater Beach, Florida. One of the themes of the event was improving data-sharing techniques and practices in the horse-racing industry for the benefit of players. 

Horse racing throughout its history has always been a data-driven sector with a statistics-directed betting culture. Fans of few other sports rely so heavily on analyzed information, which encompasses stats on horses, jockeys, courses, weather, and a range of other factors.

Recent research initiatives focused on helping industry professionals improve their decision-making processes were also on the table. Expert speakers pointed out that greater public accessibility of racing-related statistics can serve as a means of checking past performance for bettors, thereby heightening their engagement with and participation in the sport. This data-sharing would likely foster a greater sense of innovation throughout the industry. 

A keynote panel at the event elaborated on the topic and discussed a white paper on the use of free racing information put forward by the Thoroughbred Idea Foundation. The document makes a number of recommendations directed to the future of the industry, including continuing university private-sector partnerships to better study statistics and to refine data measurement tools.