Nelson Clemmens on Blogger: New AmWager Option Allows Cash-Out in Pick 4 Bets

Friday, August 9, 2019

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.

About Nelson Clemmens

Former corporate finance and investment banking professional Nelson Clemmens has been involved in the horse racing industry for many years. An alumnus of Stetson University with a BA in Finance, he received his MBA from Western Kentucky University before joining GE Capital, subsequently becoming a principal in a successful medical technology venture that went public, then establishing Pine South Capital and furthering his ongoing investor activity. Due to his long involvement as a Thoroughbred owner and breeder in Kentucky, New York, and Pennsylvania, Nelson Clemmens had a personal interest in ensuring the industry had a bright future, which resulted in him founding AmWest Entertainment LLC, and its AmWager operations.

Outside of his AmWest role, Nelson Clemmens has routinely supported beneficial industry organizations such as the National Thoroughbred Racing Association, the Thoroughbred Owners and Breeders Association, and New Vocations. He maintained an active involvement with the Kentucky Horsemen’s Benevolent and Protective Association for many years.

Dedicated to sharing his professional experience with others, Nelson Clemmens served on the Board of Community Living, Inc., and as the chairman of both the Investment Committee and the Board of the School of Business as well as Trustee at Stetson University. He was actively involved with The Council on Developmental Disabilities, Special Olympics, and the Bellewood Foundation. He serves on the Board of Day Spring and is also a member of the Pennsylvania Horse Breeders Association and Screen Actors Guild‐American Federation of Television and Radio Artists.