Mich. Admin. Code R. 431.2085 - Perfecta

Rule 2085.

(1) The perfecta is a contract by the purchaser of a ticket to select the 2 horses that will finish first and second in the race. Payment of the ticket shall be made only to the purchaser who has selected the same order of finish as officially posted. The perfecta will be calculated as an entirely separate pool.

(2) Perfecta pool. The amount wagered on the winning combination, such being the horse finshing first and the horse finishing second, in exact order, is the amount to be deducted from the net pool to determine the profit. The profit is divided by the amount wagered on the winning combination, such quotient being the profit per dollar wagered on the winning perfecta combination. Payoff includes the amount wagered and profit thereon. In addition, the following provisions apply to perfecta pools:

(a) If no ticket is sold on the winning combination of a perfecta pool, the net pool shall be distributed equally between holders of tickets selecting the winning horse to finish first and holders of tickets selecting the second place horse to finish second.

(b) If there is a dead heat between 2 horses for first place, the net perfecta pool shall be calculated and distributed as a place pool, 1/2 of the profit to be paid to each of the holders of tickets selecting each of the horses in the dead heat to finish first with the other horse to finish second to holders of tickets of the winning combinations. In case of a dead heat between 2 horses for second place, the perfecta pool shall be figured as a place pool, and the holders of tickets combining the winning horse and the 2 horses finishing second shall participate in the payoff.

(c) If there is a dead heat for second place and if no ticket is sold on 1 of the 2 winning combinations, the entire net pool shall be calculated as a win pool and distributed to bettors holding tickets on the other winning combination. If no tickets combine the winning horse with either of the place horses in the dead heat, the perfecta pool shall be calculated and distributed as a place pool, 1/2 of the profit allocated to the horse finishing first combined with all other betting interests to finish second and 1/4 of the profit to each of the horses finishing in a dead heat for second combined with all other betting interests to finish first.

(d) If an entry finishes first and second, or mutuel field horses finish first and second, the net perfecta pool shall be distributed to holders of tickets selecting the entry to win combined with the horse having finished third.

(e) If no ticket is sold that would require distribution of a perfecta pool, the association shall make a complete and full refund of the perfecta pool.

(3) If a horse is scratched or declared a nonstarter, no further perfecta tickets shall be issued designating such horse, and all perfecta tickets previously issued designating such horse shall be refunded and deducted from the gross pool.

Notes

Mich. Admin. Code R. 431.2085

1985 AACS

R 431.1001 to R 431.4290 were originally filed on June 20, 1985. The rules were withdrawn and refiled on June 26, 1985