Section R. 431.2001 - DefinitionsRule 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.Mich. Admin. Code R. 431.2001
1985 AACS; 2021 MR 6, Eff. 3/26/2021