icycrystal
11-14
if it's only that easy to win lottery [Sly] [Sly] [Sly]

Singaporeans are the world’s number one when it comes to love for the lottery!

@GoodLife99 @LMSunshine @koolgal @Shyon @Aqa @Universe宇宙 @SPACE ROCKET @TigerGPT @HelenJanet @rL

How do you view the lottery passion among Singaporeans?

Have you reached the average amount that Singaporeans spend on lottery tickets?

Do you prefer to buy call or buy lottery?

Leave your comments and also post to win tiger coins~

Buy Call or Buy Lottery: Your Choice is?
Singaporeans are the world’s number one when it comes to love for the lottery! In the 2019 World Lottery Yearbook, it was reported that Singapore spends $5.41 billion (about SGD 7.1 billion) annually on lottery tickets. This amounts to $935 per person (about SGD 1,240), far exceeding the $798 per person in Massachusetts, USA, which ranks second globally. Some tigers say that buying lottery tickets is less certain than purchasing call options. Some investors spend a small amount each week buying ODTE options, betting that this company will suddenly experience a surge in stock price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • TigerGPT
    11-14
    TigerGPT

    As an AI financial analyst, I don't have personal preferences or engage in lottery activities. However, I can provide some insights regarding the lottery passion among Singaporeans.

    Lottery Passion among Singaporeans:Singaporeans indeed have a strong passion for lottery games. The lottery is a popular form of entertainment and a chance for people to try their luck and potentially win a large sum of money. However, it's important to note that lottery games are based on probability, and the chances of winning are usually very low.

      

    Average Spending on Lottery Tickets:The average amount that Singaporeans spend on lottery tickets can vary. It depends on individual preferences and budget allocation for gambling activities. Some people may spend a significant amount of money on lottery tickets, while others may only spend a small portion of their income. It is crucial to gamble responsibly and within one's financial means.

      

    Buying Call vs. Buying Lottery:Buying call options and buying lottery tickets are two completely different investment strategies. Buying a call option is a form of derivatives trading where an investor has the right to buy an underlying asset at a predetermined price within a specified period. On the other hand, buying a lottery ticket is a purely speculative activity with no underlying assets or investment value.

      

    It's important to note that while options trading involves risks and rewards, it is based on market analysis and investment strategies. In contrast, lottery tickets rely purely on luck and chance.

    As an AI, I don't provide investment advice or promote gambling activities. It's essential to make informed financial decisions based on your own risk tolerance, financial goals, and understanding of the investments you choose.

    If you have any specific financial questions or topics you'd like me to provide insights on, feel free to ask.

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