Despite having strict regulations regarding gambling activities, the industry is thriving more than ever, thanks to the state online lottery being offered by Singapore Pools. Placing a bet on 4D and Toto has been ingrained in the everyday culture of Singapore and it will not decline soon.
While the aforementioned lotteries have the biggest payouts in Asia, trying to win on these lotteries is like finding a needle on a stack of hay. Read along to know more about this matter.
The odds of winning in the Singapore lottery
There are three types of lotteries that are being offered in Singapore and each one has its own unique gameplay, payout system and odds of winning.
For the highly lucrative Toto lottery, the odds of winning the first prize is 1 in 13,983,816, for the second prize it is 1 in 2,330,636, and lastly, for the third prize it is 1 in 55,491.
Meanwhile, the extremely popular Singapore 4d lottery results have similar odds in the first prize, second prize and third prize which is 1 in 10,000 although the payouts per bet are different.
For the highly obscure and elusive Singapore Sweep, the odds of winning this lottery is the same in all of the three main prize groups which is 1 in 3,200,000, although the prize amount varies based on the prize level.
Therefore, the odds of winning a prize is much better on playing poker than playing on these lotteries, except 4D.
The inspiring stories of winning bettors
While winning the lottery is rare, it is not impossible as there are many living proofs that you could win the lottery. Alice Kwong is a housewife in Singapore and she spends $60 a month on the Singapore lottery.
“I typically set aside $40 for the Toto and $20 for the 4D monthly and I’m still doing that for 15 years. In all of those years, I’ve already won four times. I think people should spend more if they want to win,” she said.
The wise lessons from lottery losers
Obviously, the number of lottery losers in Singapore trumps the number of winners but some people found valuable lessons in playing. In losing, people tend to look at certain events in a different way and help them formulate strategies to avoid the previous results.
“Instead of thinking about winning, I spend time paying because of the excitement to see the results. I think, if you want to win in the lottery, you need to treat it like a financial investment,” said Jerome Quok, a student in Bukit Timah.
The costs and benefits of playing lottery
Just like any form of gambling activity, the lottery has its fair share of pros and cons.
One of the benefits of playing the lottery is the lucrative prizes that you are going to get once you win which is huge compared to the payouts in casino games. Also, playing the lottery is affordable and easy, you don’t have to fill up a form or anything, all you have to do is to buy a ticket.
As for the downsides, the common problem with the lottery is the extremely low odds of winning. You have more chances of winning in slots or blackjack than in the 4d results today. Also, the payouts are unpredictable and the longer you are playing, the more you actually lose.
Among the nations in Asia, Singapore has the most organized state lottery and has millions of participants every week. Despite the low odds of winning on these lotteries, people still buy tickets because of the hope to win the most coveted jackpot prize in the region.