Time in the market
“Time in the market” beats “timing the market”. The probability of you losing money when you invest in stocks is drastically reduced the longer your holding period is. Stretching that period out longer, and your odds get even better. When you buy a TOTO ticket, though, that money disappears immediately and, in a sense, is a “sunk cost” as there’s no return unless you hit the jackpot.
What about your chances of winning the Singapore Pools TOTO Hong Bao Draw in February 2021? About 1 in 13.98 million. For a normal first prize, draw the odds go down to about 1 in 3.5 million.