August 17th, 2019 at 8:28:04 PM
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Here we go again.
https://www.bloodhorse.com/horse-racing/articles/228621/historical-racing-machines-approved-for-derby-city
Steve May, the KHRC's director of pari-mutuel wagering and compliance, said the Ainsworth machines have gone through extensive third-party testing.
"Ainsworth has done a very sophisticated analysis, and BMF Test Labs will verify the seed pools are healthy so we remove any chance the patrons are wagering against the facility, they are just wagering amongst themselves," May said. "We believe that this is a pari-mutuel system of wagering."
edit (even more)
"Ainsworth has done a very sophisticated analysis, and BMF Test Labs will verify the seed pools are healthy so we remove any chance the patrons are wagering against the facility, they are just wagering amongst themselves," May said. "We believe that this is a pari-mutuel system of wagering."
Because the payouts in pari-mutuel wagering are determined by the total amount wagered by bettors on a given event, historical racing operators create "seed pools," which is a set pool of money that historical racing players pay into to add value to the potential payout. These seed pools vary, according to May, from $70,000 to $160,000. Seed pool money is held in separate bank accounts and is audited regularly.
The legality of historical racing machines is still being contested in Kentucky. The Family Foundation of Kentucky has challenged the legality of historical racing machines, which offer electronic games based on previously run horse races and are modeled after Instant Racing, which was conceived at Oaklawn Park. The court case that began in 2010 went to the state Supreme Court, which ruled the Kentucky Horse Racing Commission, a party in the ongoing case, was justified when it promulgated rules governing historical race wagering but sent the case back to circuit court for further review.
EDIT 2
"Instant Racing demo"
https://www.youtube.com/watch?v=3B_Q2LRHdd4
https://www.bloodhorse.com/horse-racing/articles/228621/historical-racing-machines-approved-for-derby-city
Steve May, the KHRC's director of pari-mutuel wagering and compliance, said the Ainsworth machines have gone through extensive third-party testing.
"Ainsworth has done a very sophisticated analysis, and BMF Test Labs will verify the seed pools are healthy so we remove any chance the patrons are wagering against the facility, they are just wagering amongst themselves," May said. "We believe that this is a pari-mutuel system of wagering."
edit (even more)
"Ainsworth has done a very sophisticated analysis, and BMF Test Labs will verify the seed pools are healthy so we remove any chance the patrons are wagering against the facility, they are just wagering amongst themselves," May said. "We believe that this is a pari-mutuel system of wagering."
Because the payouts in pari-mutuel wagering are determined by the total amount wagered by bettors on a given event, historical racing operators create "seed pools," which is a set pool of money that historical racing players pay into to add value to the potential payout. These seed pools vary, according to May, from $70,000 to $160,000. Seed pool money is held in separate bank accounts and is audited regularly.
The legality of historical racing machines is still being contested in Kentucky. The Family Foundation of Kentucky has challenged the legality of historical racing machines, which offer electronic games based on previously run horse races and are modeled after Instant Racing, which was conceived at Oaklawn Park. The court case that began in 2010 went to the state Supreme Court, which ruled the Kentucky Horse Racing Commission, a party in the ongoing case, was justified when it promulgated rules governing historical race wagering but sent the case back to circuit court for further review.
EDIT 2
"Instant Racing demo"
https://www.youtube.com/watch?v=3B_Q2LRHdd4
August 18th, 2019 at 11:05:29 AM
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i want to edit but cant so i reply and push it back up to the top we go...
"Slots in Kentucky?"
https://www.youtube.com/watch?v=MrUQkyNOubw
"Slots in Kentucky?"
https://www.youtube.com/watch?v=MrUQkyNOubw
August 18th, 2019 at 5:26:25 PM
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it is interesting that once the concept of historical racing gets past the post, they can just make the machines be slot machines with the slightest nod to having anything to do with a horse race, past , present , or future. We hear claims that you can 'skip' the race by pressing certain buttons and , voila, it's just a slot machine, literally.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder