There are numerous betting opportunities in Singapore which makes the country an attractive tourist destination, but lottery and internet gambling still seems to be more appealing to the local people.
Singapore gambling laws allowed casinos in the country in 2006 and currently there are two mega resorts – Marina Bay Sands and Resorts World Sentosa, which provide numerous casino gaming opportunities to their guests.
Since locals are not encouraged to bet there, online gambling in foreign sites is flourishing, including sports betting and online poker.
In addition to internet betting in Singapore, there is also an established lottery betting tradition, which is very popular among Singapore citizens.
4D and Toto are two of the most popular lottery games played by numerous people, who are hoping to win sooner or later, but this rarely happens given the small chances of winning that lotto games provide.
Motivation behind lotto betting
The appeal of winning SGD 10 million jackpot is undoubtedly tempting and countless number of people fall in this trap. But looking closely into the actual chance of winning, one can notice that it is almost equal to zero.
Of course some people are lucky enough and win, whereas others are just afraid they might miss the big jackpot and that makes them bet regularly, investing huge amounts in the long run.
The odds behind winning on 4D lotto and Toto
Different forms of betting are widely spread in Singapore
• Lottery betting is one of the most favorite forms of gambling in the country
• 4D and Toto are two of the legal lottery games
• Internet gambling is flourishing in Singapore
Playing on 4D, people can bet on four digit numbers from 0001 to 9999, hoping that their selected numbers will be the winning ones. With a total of 10,000 numbers, the winning chances are 1 in every 10,000.
When it comes to Toto in Singapore, the odds are more complex, as the game asks players to pick a combination of six different numbers from 1 to 45.
In order to win, the selected combination has to match a randomly generated set of six numbers in exactly the same order. So, after the necessary calculations, it appears that the odds of winning the jackpot are 1 in 8,145,060.
Therefore, a player have to buy more than 8 million tickets, each at the price of SGD 0,50, in order to secure a jackpot win, which equals to spending a little over SGD 4 million.
When the math is done, it seems worth to spend SGD 4 million in order to win more in the form of a jackpot. But there is always the possibility that there will be another lucky player who also picked the winning numbers, which means that the jackpot will be split among all the winners.
Last but not least, if a person buys two tickets/week it will take them up to 84, 844 years to pick the right numbers, so out of a sudden lotto winning starts seeming less and less possible.
Sometimes dreams come true
Another interesting fact, which accompanies lotto betting, is that a lot of the big winners tend to spend all their millions in relatively short period of time. There are plenty of examples in the gambling news, which talk about sudden millionaires that end up in a condition that is even worse that their pre-win life situation.
Media attention seems to be one of the major issues, in addition to the queue of relatives and friends asking for loans. Naturally, the sudden acquisition of fabulous amounts of money also blurs people’s minds and they start acting childish and irresponsible.
This is how the winning money gets spend on pricey mansions and fancy cars, which completely leads to lost over the spending control. This, in addition to the expected quitting of jobs often just lead to distorted vision and fast-build debt, which doesn’t bring anything good.
Being smart after winning the lottery
As small as it is, Singapore players can still win the lottery. And of course here comes the hard question, which is not how to spend the money properly. The answer to this is intuitive, but what is rather important is how to manage to get the money work for the winner.
Instead of buying unnecessary objects, which one can easily live without, investing the money prosperous future is the smart thing to do. For example broadening personal knowledge is one of the smartest investments a winner can make, so that lotto winnings will actually do well and improve winner’s life.