Mich. Admin. Code R. 431.2001 - Definitions
Rule 2001. As used in this part:
(a) "Betting interest" means a single horse,
or more than 1 horse joined as a mutuel entry or joined in the mutuel field, on
which a single pari-mutuel wager may be placed.
(b) "Breakage" means the sum totaled from the
amount wagered after takeout, payout, and refunds are subtracted. This sum may
yield a positive or negative figure.
(c) "Mutuel field" means a single betting
interest which involves more than 1 horse and which is formed, when the number
of horses starting in a race exceeds the number capacity of the totalisator, by
grouping the highest numbered horse within the numbering capacity of the
totalisator and all horses of a higher number.
Notes
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