If you strike $10 mil toto this friday..

[zhihau]

Don't you find that this is the only working concept close to a sustainable model for windfall winners?

no one will have the perfect formula for growing and sustaining wealth, even markets may falter at times :o:o:o

 

[jw5]

Hey guys, for those who buy toto or 4D, would like to ask all of you a question.

Have you ever wondered how stringent the checks and controls are before the results are released, on their website, to the media (newspapers, radio, teletext etc) and even via the result slip printed out at the outlets?

Do you ever have this thought that you may check your slips against one of these sources and sekali later, they announce "hey solli solli, wrong results released."

Another question is "What happens next?" Do they need to pay out for those who thought they won and what happens to those who won but tore up their winning tickets?

 

[Fook Seng]

Another question is "What happens next?" Do they need to pay out for those who thought they won and what happens to those who won but tore up their winning tickets?

Too bad if you have torn up your tickets. I always keep mine for some weeks. In fact, I have yet to check my $10 million ticket.

 

[Fook Seng]

no one will have the perfect formula for growing and sustaining wealth, even markets may falter at times :o:o:o

Just wondering how scalable is your idea if the winning is just $1.1 million?

 

[zhihau]

Hey guys, for those who buy toto or 4D, would like to ask all of you a question.

often a time me wonders why the numbers announced didn't match those on my ticket :o:o:o

 

[zhihau]

Just wondering how scalable is your idea if the winning is just $1.1 million?

if me had a million bucks, same thing applies: 0.95 million into blue chips and commodities to take in dividends and profits, 50K a year to help a smaller pool of local needy
that also implied that me have to keep the day job and charity part time

 

[jw5]

Too bad if you have torn up your tickets. I always keep my for some weeks. In fact, I have yet to check my $10 million ticket.

But released in the media mah. Don't those chaps get some kind of recourse?
As for keeping your tickets, is it because you are asking the same questions as in my earlier post?
Or is it just your habit or some other reason?

 

[jw5]

bro zhihau, you are supposed to be a scientist!!!

 

[zhihau]

bro zhihau, you are supposed to be a scientist!!!

bro,
Sinkieland had become a playground for the rich, scientist tarn bo jiak you know?

 

[Fook Seng]

But released in the media mah. Don't those chaps get some kind of recourse?
As for keeping your tickets, is it because you are asking the same questions as in my earlier post?
Or is it just your habit or some other reason?

Don't really know the legal implication. But remember the case at Marina Bay Sands where the casino claimed a certain jackpot machine had a fault and wrongly gave out a jackpot win? They ended up having to pay the prize. So I guess even if it is a mistake, they have to stand by the mistake. But throwing away a ticket means you have no proof so how to pay even if they want to? My "cooling period" is both giving things a chance to settle down and pure laziness.

 

[jw5]

bro,
Sinkieland had become a playground for the rich, scientist tarn bo jiak you know?

Where got tarn bo jiak? Got one scientist doing earth shattering ground breaking research, heard he very precious to the nation u know.
About to release the results which will be of great benefit to mankind anyday now.

Btw, you should know why the winning numbers usually don't match those we buy...................

 

[jw5]

Don't really know the legal implication. But remember the case at Marina Bay Sands where the casino claimed a certain jackpot machine had a fault and wrongly gave out a jackpot win? They ended up having to pay the prize. So I guess even if it is a mistake, they have to stand by the mistake. But throwing away a ticket means you have no proof so how to pay even if they want to? My "cooling period" is both giving things a chance to settle down and pure laziness.

The case for not paying those who threw away is logical since there is no proof.
But I wonder whether they will pay to those who won on the hypothetical wrong announcement.

 

[Fook Seng]

The case for not paying those who threw away is logical since there is no proof.
But I wonder whether they will pay to those who won on the hypothetical wrong announcement.

I believe if the wrong numbers have been endorsed even though the thrown numbers are different, they will still have to honour it, as I've said it is similar to the case of the faulty jackpot machine at Marina Bay Sands. If the numbers endorsed are different from the announced results, that is another story. Then the mistake is in the announcement not in the conduct of the game.

 

[jw5]

I believe if the wrong numbers were endorsed even though the thrown numbers were different, they will still have to honour it, as I've said similar to the case of the faulty jackpot machine at Marina Bay Sands.

One thing they could argue is that once the faulty jackpot machine declared a winner, the game stopped and the argument may be that the player could have won on future games while she was there, if the machine had not wrongly declared a winner.

Whereas in the case of 4D and toto, you either bought a "real" winning ticket or not, based on the numbers declared correctly later. There is no change to your decision or what would have happened next, since the draw is already closed.

 

[Fook Seng]

One thing they could argue is that once the faulty jackpot machine declared a winner, the game stopped and the argument may be that the player could have won on future games while she was there, if the machine had not wrongly declared a winner.

Whereas in the case of 4D and toto, you either bought a "real" winning ticket or not, based on the numbers declared correctly later. There is no change to your decision or what would have happened next, since the draw is already closed.

I think as long as a winning number is properly declared even if it was wrong, that becomes the winning number. It will be foolish for the game master to declare another winning number as this will cause contention from two parties. If it is just a slip of the tongue of the announcer, then it is OK to correct it but we will expect it to be corrected on the spot and immediately as they are many observers to audit the process. Very rare to have a mistake made with this audit process in place.

But assuming due to the negligence by everyone, a mistake took place by the announcer, depending on who the announcer belongs to, that party should be liable for damage. The game operator may or may not be this liable party. It could even be media corp or the party who forwarded the wrong number to media corp.

Remember that in the case of the faulty jackpot machine, they tried first to compensate by giving a lesser token amount, in other words treating this as compensation for damages. Not clear when they eventually paid the full amount whether they had assessed that they were liable to pay due to the rules or just to avoid going through a legal suit.

But the argument that a faulty jackpot will rob the gambler the chance of a jackpot win cannot stand because under the laws of probability, the probability of a win in a jackpot machine is the same irrespective of whether the jackpot has given out a jackpot or it has not. In other words, you can continue playing on another machine and it will be same for your chances.

 

[SeeingRED]

How do you want to spend it?...

Re-do calculations on migration possibilities.

 

[Alamaking]

Hey guys, for those who buy toto or 4D, would like to ask all of you a question.

Have you ever wondered how stringent the checks and controls are before the results are released, on their website, to the media (newspapers, radio, teletext etc) and even via the result slip printed out at the outlets?

Do you ever have this thought that you may check your slips against one of these sources and sekali later, they announce "hey solli solli, wrong results released."

Another question is "What happens next?" Do they need to pay out for those who thought they won and what happens to those who won but tore up their winning tickets?

I think WanBao made a mistake once, if Im not wrong...

 

[Fook Seng]

I think WanBao made a mistake once, if Im not wrong...

If Wan Bao made the mistake, then Wan Bao is liable for damages if any. But did anyone claimed for damages? But Singapore Pool or Wan Bao can claim that the results are also released on the Singapore Pool website and at all their outlets and can be checked to compare against, so as to get out of liability.

 

[songsongpunggol]

you all talked as if you all kena toto leow!

stop day dreaming lah!!

 

[jw5]

But the argument that a faulty jackpot will rob the gambler the chance of a jackpot win cannot stand because under the laws of probability, the probability of a win in a jackpot machine is the same irrespective of whether the jackpot has given out a jackpot or it has not. In other words, you can continue playing on another machine and it will be same for your chances.

Ok, understand your above point, and thanks for taking the trouble to explain further.