Career
He is currently the all-time top goalscorer in the Honduran National Football League with 196 goals, and was the second player to reach 150 goals after Denilson Costa. Nicknamed El Matador, Velásquez started his professional career with Olimpia and he would not play for any other Honduran team during his career. He made his debut on 1 November 1990 against Platense and scored his first goal on 23 January 1992 against city rivals Motagua.
He did play for other teams though, with Concepción in Chile, Sport-Recife in Brazil and Atlas in Mexico but was not very successful with all of them.
In 2005, Velásquez was crowned one of the Top Goalscorers in the World by the International Federation of Football History and Statistics. He made 15 goals with both the Honduras national football team and his club, Olimpia, finishing second only behind Brazilian player Adriano Leite Ribeiro, who scored 18 goals.
In December 2008 he announced he would retire after the 2009 Clausura. He has scored 318 goals in competitive games, 258 of them for Olimpia.