What Is Historical Horse Racing?
Developed in 2000 by Oaklawn Park in association with AmTote, Inc. and other investors, Historical Horse Racing marked the first effort by racing interests to merge the “fun and flash” of video gaming with the wagering excitement of horse racing. The Historic Racing system has over 200,000 previously run horse races. Patrons are provided with handicapping information to use in making an informed wager. Historical Horse Racing is only offered at licensed and regulated facilities. These facilities are approved by the Kentucky Horse Racing Commission.
A pari-mutuel wager is when patrons wager between each other rather than against the house. Wagers are combined in a collective “pool”. The track deducts a set percentage from the pool and then the balance of the pool is dispersed back to the patrons who place winning wagers.
How does it all work?
Historical Horse Racing is performed by use of a self-service totalizer terminal. A patron places a wager by attempting to select the top three finishers of the previously run horse race in any order. Once the selection is made then the terminal sends the information in regards to the wager to a centralized totalizer system. Each Historical Horse Racing totalizer terminal is connected to the centralized server. The selected horse race is shown during the wagering process on each totalizer terminal. The central totalizer system keeps track of all wagers placed in a pari-mutuel pool, calculates the takeout percentage permitted to be deducted, and calculates the payout for winning wagers. The Historical Horse Racing terminal then displays the results of the patron’s wager using entertaining video and/or mechanical displays.