California Codes, Business and Professions Code - BPC, Division 8 — Special Business Regulations, Chapter 4 — Horse Racing, Article 1 — General Provisions and Definitions, Section 19405
“Breakage” means the odd cents by which the amount payable on each dollar wagered exceeds a multiple of ten cents ($0.10).
Notes
Defines 'breakage' as the odd cents by which the amount payable on each dollar wagered exceeds a multiple of ten cents ($0.10). The definition measures breakage by the odd-cent amount above a ten-cent multiple in the amount payable for each dollar wagered.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19405 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-1/section-19405