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Holy cow, I'd never heard of this:

Fargo track eyes bets on old horse races
The North Dakota Horse Park wants to offer gamblers a new way to bet on old horse races, but the state Racing Commission wants to take a closer look at the issue before lending its support.

Called "instant racing," the game uses $10,000 video terminals to allow horseplayers to bet on races that have already been run, although the bettor does not know the track, the date, or the names of the horses in the field.

http://www.businessweek.com/ap/financialnews/D8M5ATT00.htm
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