Punters zoom in on 'lucky' TOTO booth in Hougang to get tickets for Feb 11 draw - The Independent Singapore News

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HOUGANG – Punters are flocking to a “lucky” TOTO outlet in Hougang to join the Hong Bao draw on Friday. The draw’s grand prize has now snowballed to a staggering $16 million. This is by far the biggest prize, according to a Singapore Pools’ report. The queue snaking around the outlet at Block 685 Hougang …

Despite the popularity of this week’s Hong Bao draw, there are sceptics who mistrust the draw since the identity of the winner or winners remains confidential – unless they choose to go public.The personal finance website, DollarsAndSense.sg, argues that it simply doesn’t make statistical sense to play TOTO.

It unveiled the math behind the probability of winning in anAre you ready? There is just a one-in-14-million chance that someone will win this draw and at the end of the day, the real winner will be Singapore Pools.Get out of the get-rich-quick mindset, they say, and think of playing TOTO with friends and loved ones as a leisure activity, and just play responsibly./TISGFollow us on Social Media

 

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