—(1) Subject to the provisions of this Act, there shall be charged a sports betting duty in respect of any betting at fixed odds on any football game or sporting event where the betting is promoted in Singapore by or on behalf of any exempt organisation specified by order in the Gazette by the Minister.
(2) For the purposes of this section, a bet is a bet at fixed odds only if the person making it knows or can know, at the time he makes it, the amount he will win, except in so far as the amount is to depend —
on the result of the event or events betted on;
on any such event taking place or producing a result;
on the numbers taking part in any such event;
on the starting prices or totalisator odds for any such event;
on there being totalisator odds for any such event; or
on the time when his bet is received by any person with or through whom the bet is made.