Historical horse racing or historical horse wagering is a generic term for instant racing. This video published by the Red Mile in Kentucky provides a hands-on explanation of how historical horse racing works in action: The rest of the monitor displays reels and symbols to show the player what, if anything, they won off the slot pull. Only the last few seconds of the race are displayed on a small part of the screen. However, many terminals offer a way for players to automate the selection process, so they end up with a machine that looks and feels just like a slot.
The terminal obscures names and dates but provides a handicapping form so players can select three horses, just as they would at a live race. There are many types of historical horse racing terminals, but in general, each round of play begins with the machine selecting one race at random from a database of up to a hundred thousand past races.
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