Introduction to TOTO Lottery is part and parcel of many Singaporean families. Being “exposed to gambling” from young — us cousins in the family used to hang around our grandparents’ place every weekends and “tikam tikam” or guess numbers for their weekly bets. We picked individual numbers out of a jar for TOTO and 4D, sometimes we win most of the times we didn’t. Most writings I encountered so far don’t go beyond the obvious — cost and odds of bet types or prize amounts. Playing the Devil’s Advocate, I thought it would be interesting to offer some of my own thoughts on top of the good work by predecessors on why higher bet types are prohibitive yet offer the best chance of positive returns over a long run. Disclaimer This post in no way encourages gambling. Betting is still a game of luck and probabilities. TOTO is a gamble with huge variance....