New Toto game with fixed prizes to start in Singapore with June 12 draw
The new betting type, called Toto Match, pays out a fixed prize amount per dollar bet. - ST FILE
SINGAPORE: A new fixed-bet game called Toto Match will be launched by Singapore Pools starting with its June 12 draw, as the lottery operator looks to 'adapt to evolving market trends'.
On its website, the company said the launch comes in 'response to consumer preferences for a fixed-payout model in the Toto game'.
Unlike the traditional Toto game, where players can win a jackpot prize, Toto Match pays out a fixed prize amount per dollar bet. Therefore, a higher bet will translate into a bigger payout.
To play, punters can place bets under two game types. They may play either one or both.
The first requires players to pick between two and four numbers from one to 49. They will win if all their selected numbers are included in the six winning numbers for that particular Toto draw.
For this type, prizes differ based on how many numbers the player selects in one bet. For every dollar bet, players can win $50 for two matched numbers, $500 for three numbers and $7,000 for four numbers.
In the second game type, players can choose one number from one to 49. They will win $30 for every dollar bet if this number matches the additional number for that Toto draw.
For example, a player who bets $2 on the 'match additional number' game will receive a payout of $60 if the chosen number is drawn.
Players must place a Toto Match bet to be eligible for a prize. Placing a normal Toto bet will not qualify for a prize.
Singapore Pools said on June 3 that it found that there has been a growing interest in fixed odds-style games.
'Some bettors were turning to illegal operators for such games because of the lack of many legally available fixed-odds bet types,' it added.
'With the introduction of Toto Match, we aim to offer our customers a safe, regulated and trusted channel to participate in fixed-odds betting.'
Sales for Toto Match will be available at all Singapore Pools branches and authorised retail outlets from June 10. - The Straits Times/ANN
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