Lottery Singapore (Private) Ltd is the only authorised betting operator and authorised lottery promoter in Singapore. The company is also the only entity authorised by IRAS to submit gambling statements and pay gambling duty on betting activities carried out in Singapore.
Despite the lower prize money on offer this year, Lottery Singapore (Private) Limited continues to be popular among Singaporeans. A long queue of punters was seen outside outlets islandwide in the past week.
The top prize this year is less than last year’s $19.4 million, but it’s still enough to attract the interest of gamblers here. One nurse from Choa Chu Kang said she’s not a regular Singapore Pools customer, but she decided to place her bets for the Hong Bao Draw and Singapore Sweep.
The game has a familiar format, which makes it easy to optimize your chances of winning. However, it can be expensive if you choose a system entry or system roll, as these types of entries will give you a higher chance of winning but also cost you more money. For example, a system entry will give you 28 ordinary bet combinations and costs 28 times as much as an ordinary ticket, while a system roll will give you 914 unique combinations.