2/25/2022 0 Comments How Much Can You Win From iTOTO?People who regularly play TOTO know that this lottery has the biggest jackpot prize in Singapore. Being the first online lottery in Singapore, Toto has established a good reputation for being a lucrative lottery. Singapore Pools wants to upgrade this lottery so they introduced the iTOTO game. In this post, we will cover the things you need to know about iTOTO lottery. What is iTOTO? In November 2015, lottery operator Singapore Pools introduced iTOTO to the masses. The iTOTO is basically similar to the System 12 bet type of Toto. Both bet types select 12 digits from the pool of numbers between 1 to 49 with slight differences. In System 12 of TOTO, players have to select the 12 digits manually from 1 to 49. The cost for a single ticket in System 12 is $924 as you are basically paying for 924 ordinary entries. Meanwhile, iTOTO is a Quick Pick bet, which means the system will pick the 12 numbers randomly from 1 to 49. The entry for the Quick Pick System 12 was divided equally into 24 units. The amount of the cost of the unit and the amount of prize will be divided also among 24 winners. Also, all of the 24 units in a single batch of existing iTOTO bet must be sold first before it will generate a new batch of 24 units. Prizes of winning in iTOTO
Just like System 12 in TOTO, the prize distribution in iTOTO is also divided into seven prize groups, with each group correlating with a specific number to hit. If you hit three numbers in iTOTO, you belong to Group 7 which has a payout of $10. Meanwhile, if you hit three numbers plus an additional number, you belong to Group 6 which has a payout of $25. If you land four numbers in the online lottery, you belong to Group 5 which has a payout of $50. Meanwhile, if you land four numbers plus an additional number, you belong to Group 4 with a payout of 3% of the prize pool. If you guessed five numbers in iTOTO, you belong to Group 3 which has a payout of 5.5% of the prize pool. Meanwhile, if you guessed five numbers plus an additional number, you belong to Group 2 which has a payout of 8% of the prize pool. Lastly, if you bagged all the six numbers, you belong to Group 1 or jackpot winners, it has a payout of 38% of the prize pool. Advantages and Disadvantages of iTOTO One of the advantages of the iTOTO bet is the cost of a single ticket which is around $33 compared to the System 12 ticket cost which is around $924. Both bet types are basically the same in terms of structure. Also, bettors can have a greater chance of winning a higher prize because more people will buy a ticket to win a single unit. As for the negatives, the jackpot prize for iTOTO is shared equally among the 24 winners who have bought a unit. Each individual winner will only receive a small amount from the total prize of the winning combination. Also, if the prizes were not claimed, the amount will snowball into the next draw and this will have a huge advantage to the lottery operator. Conclusion The iTOTO lottery in Singapore Pools is a unique version of Toto that offers huge payouts for lucky winners. Initially, people may be confused by the similarities of System 12 and iTOTO but once you know the difference, it is now easy to determine which one works for them.
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