There are multiple ways to win at the Singapore pools, including the Big Sweep, 4D, Toto, etc. The $16 million snowballed Toto Hongbao grand prize on 11th February 2022 marked the largest pool prize ever in Singapore Pools’ history.
On the contrary, the ticket just costs you a few dollars. So even if there are millions of contestants nudging around, you still have a one-in-a-million chance to win big with a small investment. So does it have the potential?
Besides, there are multiple systems that you can apply to improve your odds of winning. This article will unfold numerous reasons behind it and how some serious lottery players mount themselves.
There are multiple stories of individuals who made it big at the lottery. There are various lessons you can take from them. Elice Kwong- commonly pronounced as Alice, is one among them. She is a housewife with two kids in the JC. She describes her secret of winning big at the lottery. In an interview, she says she usually invests approximately $60 monthly–$20 for 4D and $40 for Toto. It’s identically more than what people spend, but there is always a chance of winning big with just a small set of investments. This makes the entire process interesting.
Dominic Wang is another serious punter with a great story to tell. He’s a former house mover, currently dealing in light fixtures. He concludes that he usually spends around $50 and further explains how with the right strategy, you can make it big. He has won twice over $3000. He says that the odds ain’t as bad as people predict.
You can effectively calculate the odds of winning the TOTO jackpot by using 1 over C(49,6), which probably gives you 1 in 13,983 816. This means that the probability is nearly 1 in 14 million.
To give you a better perspective, here’s what it means:
The description of the odds is probably low and comes across as an understatement, doesn’t it?
In 4D, 23 numbers are drawn, which eventually means that there will be a total of 23 prizes to be given. So even if we take bets with more prize categories or, let’s say, we are covering bets with increased evaluation, even then, the probability of winning bigger bets will be 23 in 10,000.
However, 4D definitely gives a more optimistic picture when compared to TOTO; in reality, they both lie in almost the same plane and have a low winning probability. In fact, when we try to break even the expected value, it will be discovered that money is lost on every dollar you spend. However, the expected value is generally a statistical term that is used to demonstrate the return you would expect from buying 4D.
Generally, for every $1 that you spend on a small bet, you can expect a return of $0.58. Therefore, you generally lose $0.42. Similarly, whenever you spend $1 on a big bet, your expected return will be $0.66. This indicates you will lose $0.34. This clearly demonstrates no matter which category of bet you place your money in, you will end up losing it.
Many people believe that the payoff is almost greater than the investment. They have always seen a return on investment in the long run. People invested a very small amount and have gotten a greater return on their investment with the right strategies. In the long run, these investments definitely pay off. To put it in perspective, you can always see it as something you will be planting as of now, which has the probability to pay you in the future.
These are always the ups and downs of anything and everything that we do. So here are some of the ups of the lottery:
And the downsides: with everything positive, there is always a downside to the story
So here you have it: the only check that you will probably be getting is the reality check. These lotteries usually consist of highly improbable wins with the worst return on investment than any other financial plan that exists. This actually leaves people with a question of whether or not they should invest in buying one for themselves. However, the answer is quite personal and depends upon the buyer’s viewpoint. Anything, if done moderately, is beneficial, while if done in excess is harmful.