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 How does toto company earn money if daily jackpot

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TSJedi
post Feb 9 2022, 10:27 AM, updated 4y ago

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Daily jackpot first prize in tens of millions
2nd prize also millions

If daily give out average 15 mil to winners like lao lee kong, how they survive the business? U need 7 million people to bet rm20 each daily kan to cover
cuddlybubblyteddy
post Feb 9 2022, 10:28 AM

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There are many that bet rm1k per draw
pobox
post Feb 9 2022, 10:29 AM

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No buy don't red eye
InitialB
post Feb 9 2022, 10:31 AM

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Got people kena jackpot every draw?

u think first lo...

advertisement can say 10 milion on every draw also...but system don't allowed win....how to pay out?
xandras
post Feb 9 2022, 10:31 AM

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QUOTE(Jedi @ Feb 9 2022, 10:27 AM)
Daily jackpot first prize in tens of millions
2nd prize also millions

If daily give out average 15 mil to winners like lao lee kong, how they survive the business? U need 7 million people to bet rm20 each daily kan to cover
*
Once someone wins a jackpot, the amount will be reset and starts back from a minimum amount (i.e.: RM 3 mil). This amount snowballs every draw until someone wins it, then rinse and repeat.
GOPI56
post Feb 9 2022, 10:32 AM

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They have already calculated by using algorithms and mathematics, etc. They have systems and people behind the scene doing all these calculations.

Not every day people win very big amounts.
Boom Mortar
post Feb 9 2022, 10:33 AM

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LLK : huehuehue
yongku99
post Feb 9 2022, 10:33 AM

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Hardcore gambler admit house always win, the end...
ListenToTheWind
post Feb 9 2022, 10:35 AM

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For each day no one hit Jackpot, they earn interest from that jackpot amount.

Just like E-wallet company.
youngblood29us
post Feb 9 2022, 10:41 AM

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example...

user posted image
GarageSalesUser
post Feb 9 2022, 10:59 AM

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DLLM u think con9lan7firm everyday got people kena 15mil ah?
haturaya
post Feb 9 2022, 11:03 AM

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House AWLAYS win.
Ayer
post Feb 9 2022, 11:03 AM

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Jackpot is just a drop in the bucket they earn
urnicksux2
post Feb 9 2022, 11:10 AM

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easy money
guaranteed profit

its like...u all donate me money i give some to the lucky one

This post has been edited by urnicksux2: Feb 9 2022, 11:11 AM
SUSTianJian
post Feb 9 2022, 11:14 AM

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who knows every day they earn $1m by selling numbers, and open results for 2 days per week

This post has been edited by TianJian: Feb 9 2022, 11:15 AM
ben_ang
post Feb 9 2022, 11:17 AM

ITS JINX NOW.POWDER FELL DOWN A WELL
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since u no c toto company closed down, means the money they collected enough to afford the daily jackpot.. or, daily jackpot not everyday got ppl kena anyway. so all in but no out. profit.
Akaashi
post Feb 9 2022, 11:21 AM

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Do you realized how many bet they collect daily?
WhatMan
post Feb 9 2022, 11:27 AM

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QUOTE(Jedi @ Feb 9 2022, 10:27 AM)
Daily jackpot first prize in tens of millions
2nd prize also millions

If daily give out average 15 mil to winners like lao lee kong, how they survive the business? U need 7 million people to bet rm20 each daily kan to cover
*
People got hit jackpot everyday????
karazure
post Feb 9 2022, 11:28 AM

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how TS think TOTO can survive since 1969??????
Kylow
post Feb 9 2022, 11:29 AM

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I seen people buy like 30 numbers Rm20 each
gila punya orang, buy randoms shit on shopee also more worth

anakMY
post Feb 9 2022, 11:30 AM

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Sohai use ur brain lah TS, if they keep loosing money can they still sustain until today?
khaimitoban
post Feb 9 2022, 11:31 AM

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is it true that sport toto is gov 'black account' mainly use for sports budget?
yongku99
post Feb 9 2022, 11:34 AM

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Towkay care less if u losing,house always win..... tongue.gif tongue.gif tongue.gif


user posted image
J1g54w
post Feb 9 2022, 11:35 AM

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they already done the calculation many decades ago... you think they do charity ke?
Hanapi-ap
post Feb 9 2022, 11:37 AM

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Toto price never inflate

Hidup toto damacai magnum
pureawesomeness
post Feb 9 2022, 11:38 AM

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Feb 9 2022, 11:59 AM
This post has been deleted by Jedi because: here comes the lololol guy with his donkey replies each time

kons
post Feb 9 2022, 11:39 AM

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and u think people really win?

sometimes they just songlap it and declare some people won it.
next time start from 0 again.

but in the end no one won it, they just telan it
Knnbuccb
post Feb 9 2022, 11:39 AM

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QUOTE(Kylow @ Feb 9 2022, 11:29 AM)
I seen people buy like 30 numbers Rm20 each
gila punya orang, buy randoms shit on shopee also more worth
*
Random shit on shopee won't change Ur life....
At least he buy jackpot he got more than 0 percent chance of changing his life.

Unless u buy a d1ldo. from shopee.... In which case your life will change like how achik and khaimitoban discovered
bristlebb
post Feb 9 2022, 11:39 AM

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in judi, house always win
Knnbuccb
post Feb 9 2022, 11:43 AM

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Lol if u think about it insurance and this Judi company got something in common
Basically some ppl r subsidising others. But then the house and insurance co always wins. But insurance is even more unpredictable because sometimes shit might happen like suddenly a lot of ppl dieded from cobis etc. So actually Judi is less risky for the house.
Knnbuccb
post Feb 9 2022, 11:44 AM

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Why everyone say TS Bodo, if not mistaken he open medical centre earn 50k a month
jmas
post Feb 9 2022, 11:48 AM

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the payout is not instant, and not 1 lump sum
its either
i. by installments over 10-30years
or
ii. <wrong info refer comment below>

This post has been edited by jmas: Feb 9 2022, 11:56 AM
TryingToSurvive
post Feb 9 2022, 11:50 AM

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QUOTE(jmas @ Feb 9 2022, 11:48 AM)
the payout is not instant, and not 1 lump sum
its either
i. by installments over 10-30years
or
ii. by lump sum, reduced income tax and other taxes, usually ~50-60% of actual won
*
This is false. Lump-sum tax is only got USA.
Malaysian practices a tax paid upon purchase with no wind fall tax.
If you win sports toto 50.05mil tomorrow, the cheque written to you will be 50.05mil
U bank in to your account 50.05m, if lhdn ask why you got so much money? U just show them Ur winning ticket and then they go away because 50.05mil is ALL legally paid winnings
iandope
post Feb 9 2022, 11:52 AM

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toto is madey proxy lubang la. u sure that each outlet collection is tally with legit buyer? i wont be surprised if until today they are still a proxy.

i know 1 dato N who owns a toto. this is what he said to me last time.

This post has been edited by iandope: Feb 9 2022, 11:53 AM
commonsense
post Feb 9 2022, 11:52 AM

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QUOTE(Jedi @ Feb 9 2022, 10:27 AM)
Daily jackpot first prize in tens of millions
2nd prize also millions

If daily give out average 15 mil to winners like lao lee kong, how they survive the business? U need 7 million people to bet rm20 each daily kan to cover
*
Yaya, all this while the toto company is bodo, u r smart. Topkek

This post has been edited by commonsense: Feb 9 2022, 11:53 AM
jmas
post Feb 9 2022, 11:53 AM

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QUOTE(TryingToSurvive @ Feb 9 2022, 11:50 AM)
This is false. Lump-sum tax is only got USA.
Malaysian practices a tax paid upon purchase with no wind fall tax.
If you win sports toto 50.05mil tomorrow, the cheque written to you will be 50.05mil
U bank in to your account 50.05m, if lhdn ask why you got so much money? U just show them Ur winning ticket and then they go away because 50.05mil is ALL legally paid winnings
*
eh? not kena income tax meh?
I kena con by LHDN?

edit 1: shiat, >7yrs income tax can chase back?
edit 2: from LHDN, i mean

This post has been edited by jmas: Feb 9 2022, 11:55 AM
WhatMan
post Feb 9 2022, 11:55 AM

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QUOTE(Knnbuccb @ Feb 9 2022, 11:43 AM)
Lol if u think about it insurance and this Judi company got something in common
Basically some ppl r subsidising others. But then the house and insurance co always wins. But insurance is even more unpredictable because sometimes shit might happen like suddenly a lot of ppl dieded from cobis etc. So actually Judi is less risky for the house.
*
Unlike playing 4D/Jackpot, if you strike money with insurance, its either you will be suffering for life or even dead to enjoy the returns.
MR_alien
post Feb 9 2022, 11:56 AM

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U really think if they say kena...really got people kena?
ozak
post Feb 9 2022, 11:59 AM

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QUOTE(MR_alien @ Feb 9 2022, 11:56 AM)
U really think if they say kena...really got people kena?
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Not like other countries where the winner will kuda post.

We here practice silence and anonymous.
SuperTuhan
post Feb 9 2022, 11:59 AM

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The question is
Does the big winner actually always exist ?

Rm 50 mil is a very huge amount to some people who make their own undeclared money see daylight and clean
TSJedi
post Feb 9 2022, 12:00 PM

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QUOTE(kons @ Feb 9 2022, 11:39 AM)
and u think people really win?

sometimes they just songlap it and declare some people won it.
next time start from 0 again.

but in the end no one won it, they just telan it
*
No gov regularatory bodies to monitor?
TryingToSurvive
post Feb 9 2022, 12:01 PM

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QUOTE(jmas @ Feb 9 2022, 11:53 AM)
eh? not kena income tax meh?
I kena con by LHDN?

edit 1: shiat, >7yrs income tax can chase back?
edit 2: from LHDN, i mean
*
No don't have to declare under income tax.
> 7 years don't try la income tax throw Ur documents away d lol
PaperClip224
post Feb 9 2022, 12:04 PM

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those who buy
1 ) how many sets per draw ?
2 ) how many draw per week ?
3 ) how many a many a year ?

you calculate see lar
my office near KTM
i see ppl always come with purple color BNM 100 and come out with multiple pink slips with weird numbers
Knnbuccb
post Feb 9 2022, 12:06 PM

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QUOTE(Jedi @ Feb 9 2022, 12:00 PM)
No gov regularatory bodies to monitor?
*
I presume sprm can monitor

But knowing them.... Spidermandailybuglebosslaughing.jpg
Knnbuccb
post Feb 9 2022, 12:07 PM

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QUOTE(jmas @ Feb 9 2022, 11:53 AM)
eh? not kena income tax meh?
I kena con by LHDN?

edit 1: shiat, >7yrs income tax can chase back?
edit 2: from LHDN, i mean
*
How much u won... If few k .... Keep skin la
jmas
post Feb 9 2022, 12:08 PM

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QUOTE(TryingToSurvive @ Feb 9 2022, 12:01 PM)
No don't have to declare under income tax.
> 7 years don't try la income tax throw Ur documents away d lol
*
jialat, Toto n LHDN con 9 me... paid more than a few k in income tax back then...
kons
post Feb 9 2022, 12:55 PM

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QUOTE(Jedi @ Feb 9 2022, 12:00 PM)
No gov regularatory bodies to monitor?
*
how to monitor? winner name usually not disclosed and winner no need to pay tax

 

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