Until 2005, gambling activities were strictly regulated in Singapore. You could only play the lottery or gamble at the racetrack through two operators – Singapore pools for the lottery and Singapore Turf club for horse racing. Things have changed since then, and you can now find lots of different casinos and lotteries in the country. However, if you’re planning to take up one of these games, it’s a good idea to get the help of a financial adviser first. They should be someone who you can trust and whose advice aligns with your financial goals and approach to money.
To play Singapore lottery, you must pick a minimum of six numbers from 1 to 49. You can place a Quickpick system bet and the computer will choose the numbers for you, or you can select them yourself with an ordinary bet. The draws are held every Monday and Thursday at 6:30 p.m. (Singapore time) and there are 23 sets of winning numbers in five prize categories.
The law requires that accurate records be kept of the details of the game or lottery, distribution of all prizes to the winners and arrangements for claiming unclaimed prizes. The records must be retained for a period of at least five years. In addition, the organisers of the games or lotteries must provide each winner with information on how to claim their prize within seven days after the determination of the winners.