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The Right Way To Play TOTO
By cheerful.egg  •  February 22, 2015
Ok, you psychos – Since it’s CNY, I know about 89.2% of you are thinking of gambling and buying 4D/TOTO. There’s just something about this festive period that brings out our inner God of Gamblers. Every year, hundreds of otherwise sensible, rational citizens take out our wallets and throw money at cards, majong tiles and yes, lottery tickets. So let’s talk about playing the lottery. Most personal finance pundits will hear the word “lottery”, and then immediately start wagging their fingers and say things like,
  • “It’s a fools game!”
  • “The odds are too small for you to make any money!”
  • “You’ll have a negative expected value!”
Yes, it’s true – You have shitty odds of winning the lottery. If you were smart, you’d put your money somewhere more worthwhile, like investing. But hey, let’s get real here. You guys are STILL gonna take part in the upcoming Hong Bao Lucky Draw ......
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By cheerful.egg
Hey, what’s up? My name’s Lionel. When I was a kid, my favourite comic of all time was Spider-Man. Before he became a superhero, Peter Parker had to deal the day-to-day struggles of a young person: Living with foster parents, grades, bullies, and getting pushed around.
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