03 Feb '14, 3am

How to win at Hong Bao #Toto #HongBao #CNY

Chinese New Year is when Chinese Singaporeans give red packets to one another, but a good number hope to get a hongbao of their own as well - from Singapore Pools. I'm talking, of course, about the lottery operator's annual Hong Bao Toto Draw, which dangles a $10 million top prize to entice gamblers. The draw is on Feb 14 this year and it has become a national tradition as snaking lines form outside each betting outlet in the frenzied days before the big draw. Even people who don't normally play the lottery get enticed to take a small punt. "My No. 1 query right now is how to strike the CNY big draw," said my friend, a respected engineer, when I asked what his major financial questions were. I'm sure he was speaking half in jest but decided to take him up on the challenge and investigate the lottery further. First, a quick explanation of Toto. To play, you must pick six nu...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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