(1)  In this regulation –

odds and evens bet means a bet on the contingency that an odd-numbered competitor or an even-numbered competitor backed by the bettor will win a race.

(2)  The following conditions apply to an odds and evens bet:

(a) the number of a competitor in the relevant race is the number of the competitor set out for the race in the program produced by the body conducting the race;

(b) if the bettor correctly backs odd numbers or even numbers as the group of numbers to which the number of the winner of the relevant race belongs, the bookmaker must pay the bettor the face value of the betting ticket;

(c) if there is a dead heat for first place between an even-numbered competitor and an odd-numbered competitor in the relevant race, the bet is void.