(c) After the dealer positions the cards in accordance with § 627a.8(c)(1) or (2) (relating to hands of player and banker; procedure for dealing initial two cards to each hand), the dealer shall announce the point count of the player’s hand and the banker’s hand and shall settle a Perfect Pairs wager by collecting all losing wagers and paying all winning wagers. If a player placed the Perfect Pairs wager on the player’s hand or the banker’s hand and the initial two cards dealt to the player’s hand or banker’s hand:

1. (1) Are a colored pair, mixed pair or perfect pair, the dealer shall pay the winning Perfect Pairs wager in accordance with subsection (d). If a player placed a Perfect Pairs wager on both the player’s hand and banker’s hand, and both the player’s hand and banker’s hand contain a colored pair, mixed pair or perfect pair, the player shall receive a payout in accordance with subsection (d) for both winning hands.
2. (2) Do not contain a colored pair, mixed pair or perfect pair, the dealer shall collect the Perfect Pairs wager.

(d) The certificate holder shall pay out a winning Perfect Pairs wager at the odds in one of the following paytables selected by the certificate holder in its Rules Submission filed in accordance with § 601a.2:

(e) As used in this section, the following words and terms shall have the meanings given to them in this subsection:

Colored pair—The initial two cards dealt to the player or banker that are of the same rank and the same color but different suits.

Mixed pair—The initial two cards dealt to the player or banker that are of the same rank but different colors.

Perfect pair—The initial two cards dealt to the player or banker that are of the same rank, the same color and the same suit.