Toto Prize Table (Source: Singaporepools.com.sg) Prize Group Winning Numbers Matched Prize Amount 1 6 numbers 33% of prize pool 2 5 numbers plus the additional number 13% of prize pool 3 5 numbers 13% of prize pool 4 4 numbers plus the additional number 13% of prize pool 5 4 numbers $30 per winning combination 6 3 numbers plus the additional number $20 per winning combination Toto is a bit more complicated in terms of calculation as the prize money differs each week and the number of winners varies as well. To simplify the calculation, we will set the prize money as $650,000 and 1, 5, 200, 500 winners per group respectively. Therefore the hypothetical prize amount will be as follows: Prize Group 1: $650000 Prize Group 2: $51000 Prize Group 3: $1300 Prize Group 4: $500 Prize Group 5: $30 Prize Group 6: $20 For toto the total number combinations will be 8145060. Therefore, the amount of expected returns per $0.50 ordinary bet will be: 1/8145060 X $650000 (Grp 1) + 6 X 1/ 8145060 X $51000 (Grp 2) + 6C5 X 38 X 1/8145060 X $1300 X 6C4 X 38 X 1/8145060 X $500 + 6C4 X 38C2 X 1/8145060 X $30 + 6C3 X 38C2 X 1/8145060 X $20 = $0.2621 In summary, in the long run, for every $1 you bet, $0.476 will be donated to the less fortunate community. For a person who bet $1 each draw, i.e. 104 draws/yr, he will be donating $49.504 per year and for bigger bet amount, just multiply accordingly. Labels: X-gamble
What a boring night, really should have joined the Greenies for movies. So what if it's till late and tomorrow is a working day, it's the same for all Greenies. What was I thinking of.. Haiz.. Now alone in the room, looking at the $5 worth of toto donations (1 set did strike 3nos. though) given to Singapore Pools today, it gave the the urge to continue the X-Gamble series.
