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How does toto company earn money if daily jackpot
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TSJedi
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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
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cuddlybubblyteddy
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Feb 9 2022, 10:28 AM
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Getting Started

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There are many that bet rm1k per draw
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pobox
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Feb 9 2022, 10:29 AM
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No buy don't red eye
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InitialB
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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?
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xandras
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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.
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GOPI56
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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.
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Boom Mortar
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Feb 9 2022, 10:33 AM
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Getting Started

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LLK : huehuehue
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yongku99
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Feb 9 2022, 10:33 AM
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Hardcore gambler admit house always win, the end...
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ListenToTheWind
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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.
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youngblood29us
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Feb 9 2022, 10:41 AM
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example...
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GarageSalesUser
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Feb 9 2022, 10:59 AM
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DLLM u think con9lan7firm everyday got people kena 15mil ah?
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haturaya
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Feb 9 2022, 11:03 AM
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Look at all my stars!!
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House AWLAYS win.
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Ayer
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Feb 9 2022, 11:03 AM
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Getting Started

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

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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
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SUSTianJian
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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
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ben_ang
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Feb 9 2022, 11:17 AM
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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.
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Akaashi
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Feb 9 2022, 11:21 AM
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Do you realized how many bet they collect daily?
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WhatMan
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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????
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karazure
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Feb 9 2022, 11:28 AM
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Getting Started

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how TS think TOTO can survive since 1969??????
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Kylow
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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
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anakMY
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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?
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khaimitoban
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Feb 9 2022, 11:31 AM
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New Member
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is it true that sport toto is gov 'black account' mainly use for sports budget?
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J1g54w
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Feb 9 2022, 11:35 AM
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they already done the calculation many decades ago... you think they do charity ke?
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Hanapi-ap
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Feb 9 2022, 11:37 AM
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New Member
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Toto price never inflate
Hidup toto damacai magnum
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pureawesomeness
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Feb 9 2022, 11:38 AM
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Getting Started

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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
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kons
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Feb 9 2022, 11:39 AM
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Конс
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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
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Knnbuccb
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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
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bristlebb
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Feb 9 2022, 11:39 AM
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in judi, house always win
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Knnbuccb
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Feb 9 2022, 11:43 AM
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Getting Started

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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.
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Knnbuccb
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Feb 9 2022, 11:44 AM
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Getting Started

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Why everyone say TS Bodo, if not mistaken he open medical centre earn 50k a month
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jmas
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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
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TryingToSurvive
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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
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iandope
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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
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commonsense
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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
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jmas
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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
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WhatMan
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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.
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MR_alien
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Feb 9 2022, 11:56 AM
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U really think if they say kena...really got people kena?
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ozak
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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? Not like other countries where the winner will kuda post. We here practice silence and anonymous.
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SuperTuhan
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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
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TSJedi
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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?
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TryingToSurvive
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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
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PaperClip224
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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
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Knnbuccb
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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
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Knnbuccb
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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
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jmas
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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...
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kons
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Feb 9 2022, 12:55 PM
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Конс
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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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