With a Master of Business Administration in Finance from Western Kentucky University, Nelson Clemmens owns AmWest Entertainment LLC and the online wagering platform AmWager. Also an ardent Thoroughbred owner and breeder, Nelson Clemmens is deeply involved in racing and gaming matters, including pushing for the adoption and legislation of historical horse racing in Kentucky.
Historical horse racing (HHR), also known as instant racing, is a competitive alternative to traditional gambling games. However, in traditional games, the results are random, and the operator or the house has a chance to win. In contrast, with HHR, players bet on previously run races, and like a true parimutuel, the house does not have a stake in the outcome. Instead, the winnings are pooled from all the players who bet.
To play, the player predicts the order of finishers of past races, with the option of manually handicapping the auto-picked order according to the provided information. If multiple people have bet on the winner, the total prize money pooled from the losers is shared among the winners. Unlike traditional games, this means you cannot estimate your actual payout until the number of total winners is determined.
HHR is played on cabinetry-like machines akin to many traditional games, with terminals and coin-operated features. However, the function is the same as placing an actual wager on an off-track betting kiosk or racetrack facility. The screen displays both a representation of the past horse race result, mostly in graphical format, and the racing simulation, as you would see with traditional games. However, since it is a past event, you do not have to watch the whole race. You can skip to the end for the results.
