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Do You Prefer Lottery Tickets or Buying Calls?
@Tiger_SG：
For Singaporeans, buying lottery tickets is a part of daily life, and they truly dedicate time and effort to queue up for them. Whether young or old, people stand in long lines to buy tickets, even waiting all night to do so. 1. Have you reached the average amount that Singaporeans spend on lottery tickets? 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. 2. Why are Singaporeans so obsessed with the lottery? The odds of winning are high, and the prizes are also huge! On October 21, 2024, Singapore's TOTO website reported that the jackpot had reached SGD 13.21 million, which was ultimately shared by two winners, making them instant millionaires. The highest jackpot in history was on February 11, 2022, reaching a massive SGD 19.4 million! The odds of winning are higher due to Singapore's relatively small population of just 6 million, making the chances of winning greater. 3. Is buying call options more likely to profit than buying lottery tickets? 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. But some point that a small amout bet on call options won’t bring millions like lottery do. $Tiger Brokers(TIGR)$ 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~
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