*
Squirming in my seat*
I have a confession to make. More than 10 years ago, my husband and I won P20,000 when the lotto ticket we bought had five (I think) winning numbers. We received only P19,000 because we didn’t want to go through the whole process of having to claim the winnings, but since then I haven’t seen P19,000 disappear so quickly!
We haven’t bought any ticket since that day, believing that statistical probability will be against another win. But hey, the jackpot has gone up to P158 million! That can fund the retirement and set up a business. Imagine how many kikay shoes I can buy with that kind of money.
Probably, the worst thing that can happen to me is win! :-D How DOES one write about personal finance after buying a lotto ticket? Hehe.
But a lot of Filipinos are falling in line in lotto stations all over the country, hoping that lightning will strike and tomorrow they will wake up a millionaire. It’s not uncommon for some to use money for the children’s school project to buy a lottery ticket. Click
here for a video by our multimedia reporter Erika Tapalla on why Filipinos buy lottery tickets. This guy is resigned to the fact that life may require having to depend on luck.
What do
you think of lotto?
I bet on Lotto because I know, win or lose, I am helping others through PCSO's charitable work. PCSO assisted us when my wife had to undergo angioplasty. PCSO saved lives through its financial assistance for such very expensive process. I have been betting on Lotto since 1995. Others have budget in their vices (smoking, drinking, gambling), me, my past time is lotto. I bet only on little amount which my budget permits. Sometimes you can be lucky sometimes you are not. I already won two times with more than 20,000 pesos winnings (4-digit and 5 out of six numbers in Lotto6/42). I won little amount from 20pesos to more 4000pesos. Overall, maybe, It was not breakeven, but, I know my bet was used for a charitable cause. A lot of people benefit from PCSO. This is a government program that helps poor and desrving people. It is my vice instead of other vices which are not good for the health.
Men especially want to bet in lotto. Talk about the saying that: " Kung makipagdebate ka sa misis mo wala kang panalo. Kung tataya ka sa lotto baka sakaling manalo.'
Bwahahahahaha
salve, i am an oncologist, and many of my patients get their chemo drugs from PCSO. for this reason, my husband and i regularly buy lotto, so that PCSO may continue on giving some assistance to our patients.
i just wish the PCSO people would give assistance to those who TRULY deserve the assistance, and NOT to those who are their personal friends.
on the lighter side, of course we always wish that we would win! so far, we have experienced only having 3 winning numbers :-)
ok lang lotto, as long as you use your leisure funds (indi yung for basic needs)
In case na manalo sa lotto:tumataya ako sa lotto kasi minsan iniisip ko din para sa mga kapatid ko lalo na yung me mga idad na at walang trabaho.Ika nga para sa kanilang ikabubuhay.Secondly ay kung sakali mang manalo e part of my winnings mapupunta sa charity.Iniisip ko nga na mas marami akong matutulungan in case na madali ang jackpot!
It's a two-way purpose...hit the fortune and the same time help the needy...ain't that enough? Knowing you can extend help indirectly, for me is something already.
I guess nothings wrong with betting in lotto as long as you don't spend the money meant for your basic needs....
I am one who have benefited PCSO's charity for my weekly dialysis expenses... so its just right to give something back and at the same time you get a shot for that big jackpot. Our church needs big amount for its renovation, maybe I could help if ever :)
ok lang naman ang tumaya sa lotto,kahit minsan...who knows..malay mo ang minsanang pagtaya sa lotto or accidentally someone just convinced you to bet eh yun pa ang ikapanalo mo..who knows...
you can't blame them really. more than anything, it just emphasizes how little the opportunities for the common man is.
and yeah i bet on it once in a while too. unlike you the biggest i had won was just 500 bucks.
as long as your bet is excess money, it's ok. most poor people however bet with their hard-earned money and not for more important things.
jose rizal also won the lottery while in exile in Dapitan :P
Nothing wrong with betting on Lotto as long as wag gamitin yung pamalengke :) Like you said the worst thing that could happen is you win :) Not to mention you contribute to a very good cause.
i always tell my friends that i buy lotto for charitable purposes. in a way, that is true. but who doesn't want to win the lotto? but what will happen if i win the jackpot?
there is a saying that we should be careful for what we wish, for we might get it. if i win the jackpot, what will happen to me and my family? will my relatives all over the country come to our house to ask for balato? will i be the subject of kidnap attempts? will i have to relocate?
gives me the shivers
Philippine lotto is our only hope. we have our jobs but still it does not give us enough to survive. who says that his or her monthly salary is enough for the entire family ? So its not bad to invest a P10 or P20 bet with a possible return of millions. I have read a pinoy lotto blog which is very ideal for pinoy bettors the address is www.pinoylotto.blogspot.com.
i dont think there's something wrong with it. i personally buy tickets instead of buying cigarette. i do it only when i need my money changed to smaller denomination. i helped the needy, i saved mine and other persons lungs, most of all, i gave my self a chance to win big bucks!
Ever since the 6/49 ticket price doubled, I stopped gambling on lotto. I initially felt some withdrawal symptoms like the urge to gamble again. But after a while, I am free. I'm proud of getting out of this vice. I've seen the light! I'd rather help people around me directly that course them through government people who I don't trust. Lotto may be helping the poor but the money also came from the poor. Also, charity is not government's role. Gov't should provide honest and dignified means of living, not encourage mendicancy.
i remembered drafting a post about how to win Lottery Jackpot a while back so i updated it then posted it now. you can see the odds of winning as well as the required "investment" to win the lotto :P
a buck for a chance to bring home the bucket. that's what gambling is all about, the promise of hope. with almost everyone whose perennial problem is financial security, there is not so much harm leveraging your penny for the opportunity of winning a well of pennies. harm only applies for those who are greedy that place everything they have for the chance to win the jackpot. there's nothing wrong betting on an opportunity that would bring in a lifetime of possible financial security. man's ability to gamble must be moderated by the threshold amount that he can afford to lose.
I bet when the jackpot prizes reaches P50 million, then thats the time i bet. if you ask me why i play lotto? it offers me hope. It offers me an outlet. It offers me ... may I say, a chance to dream Big. if i hit the jackpot the possibility of my dreams will come to reality and lotto is the only chance that my big dream will be fullfilled. if i just rely on my salary, i wont even be able to buy a second hand car. if you love to play lotto, I recommend you to read a blog. the address is pinoylotto.blogspot.com
I played lotto everyday and budgets 20 pesos. I play a 'maintained' numbers and Lucky Pick. I think my biggest winning was 8,000 for 4 numbers.
True, lotto, like masiao or jueteng, attracts the poor mostly. But who could give such financial alternative? Sure, you can help them in some ways maybe by your alms or doleouts, but that is just palliative. Winning from lottery can be life-changing.
Like everybody else, Lotto offers an alternative to just working my ass for financial stability. It is cheap alternative. just 10 pesos a day, and who knows, i could hit the jackpot.
I was told of a story of a Cebuano who won by his lonesome 50 million jackpot using his siblings and parents birthyear endings. Now, how lucky can you get?
Well, handling such big amount of money depends on a person's motivation and objective. The guy probably couldn't believe his 'luck' and wasn't prepared for it, despite advises from the PCSO.
I would like to think that I have also an 'even-chance' of hitting the jackpot sooner.
Here in Nigeria, I serve as Marketing Coordinator for a Lotto company. The lotto here is like keno. What you bet, you win. You can play 60 naira on 3 numbers and win 126,000. No 'dividendo' here. Sometimes the company loses, most of the times the net is humungous.
As you may know, almost all countries have some form of Lotto or Lottery in operation. Even some Islamic country allows lotto to help in charitable works.
A loser never wins, a winner never stops playing.
I'd rather spend 20 pesos daily on lotto ticket instead of buying expensive coffee in one of those high-end coffee shops.
i gamble when i have a few coins to spare for a ticket or two. besides, 20 pesos is already worthy to fuel your imagination with all luxuries you dream of buying, at least until 930pm strikes.
no harm donating to charity, even. =)
i think this article hits a nerve, past or present, that is common to most (if not all) readers of your blog. =) nice topic.
all of those things might be happening by buying a single lotto ticket for only P20 but the most important thing is, at least we helped my fellow Filipinos this way. I worked as a health professional and everyday people needs money to support for medicines and the payment for every procedure that deeply needed and that they begged for it for free but what we did was to referred them to PCSO for help. Let us not think how much we win but let us think how much we offers for help for those who needs the most.
Doods says:
"Lotto may be helping the poor but the money also came from the poor."
"I’d rather help people around me directly that course them through government people who I don’t trust."
"Also, charity is not government’s role. Gov’t should provide honest and dignified means of living, not encourage mendicancy."
+++++
Very nicely said. And whether or not most lotto-betting people are still in denial, lotto is what it is... a poor man's hope, being wrapped as a charitable cause to take away the guilt from what it is ultimately doing to the poor... providing them false hope.
Why do you think a lot of the "haves" are lining up, looking for connections within government just to get rights to ran a lotto outlet? Because it is sure winner. Just look at the lotto outlets/stands inside every mall around the country. Do you know that they spent tens of millions (why that much? use your imagination and likely it is reality) to get right to operate? Do you think the first thing in their mind is to help the poor?
15
juan of the cross Says:
March 14th, 2008 at 11:44 am
i dont think there’s something wrong with it. i personally buy tickets instead of buying cigarette. i do it only when i need my money changed to smaller denomination. i helped the needy, i saved mine and other persons lungs, most of all, i gave my self a chance to win big bucks!
========
Yeah, But don't you know that only 10% of the money the Lotto collect goes for charity, Most of the money goes to the pocket of crooks, Especially in election time.
24
C_A Says:
March 15th, 2008 at 6:16 pm
Doods says:
“Lotto may be helping the poor but the money also came from the poor.”
“I’d rather help people around me directly that course them through government people who I don’t trust.”
“Also, charity is not government’s role. Gov’t should provide honest and dignified means of living, not encourage mendicancy.”
+++++
This is a good idea atleast you know where the money go, I do the same thing yon kapit bahay namin na needed money to take her kid to the hospital I help her. Is not only me but my entire family. Most of our kapit bahay even though we're poor we help each other in time of need. Iyan ang tunay na filipino. Si Fernando Poe, Jr. also is the real filipino at heart he help alot of people without expecting anything in return. HE GOT HEART OF GOLD.
Its just too bad Fernando Poe, Jr. Die, He is the real servant of god to the filipino people.
God must have plans for him in heaven. You may rest in peace! Amen:
Well, di ba lotteries ay sa mga puritas? Tawag dyan is poor man's tax. Why? Every poor wants to be rich the easy way. Given na yun di ba. Kaya naman yung iba resorts to scam. Gaya nung mga scumbags na Royal Manchester Five at ang mga hudas mga uragon pa! Grrrr!
Well, The only thing I can say is I don't blame the people buying lotto to take a change to become rich. I'll do the same thing, But I only buy lotto once in a blue moon. Ika nga I have to be in a good mood to buy it. There is a saying if you don't buy you don't win. As simple as that....
This thursday March 27 PCSO is giving away a jackpot prize of almost P200 million.Is there any game of chance that give this kind of prize here in our beloved country the Philippines ? ONLY PCSO . lets take our chance for P20 to turn into P200 MILLION, why not ..by the way I have read a pinoy lotto blog which is very ideal for pinoy lotto bettors the address is :pinoylotto.blogspot.com
It is nice to win big amount of money by chance... Ever since I never tried to buy a LOTTO ticket... In 1998, my father almost win 175M but unfortunately he was not able to catch the outlet because it was already closed when he got there... The next day he found the news paper with his maintaned numbers on it as the draw result... He feels so hopeless, disappointed and keep on blaiming himself why... We should be millionaire by now...
My sister has a room mate who is a teacher and has experienced winning the LOTTO first price, that guy was receiving 10,000 amount directly to his account assigned by PCSO. He build a nice house for his family in the province & invested money for business as his gift to his parents.
So nice to hear that people really are winning. At least they used their money intelegently and live happily.
If only, we abolish the mega-LOTTO and super LOTTO to just 5-number combinations only, then their would be a much higher chance of winning. Meaning, more people will win... No need for the pot-money to raise more than a 100Million, Iguess giving away 1Million daily is better so that more people will be blessed. Whats the point of winning 100Million? For just one person...
If we could do things such as WOWOWEE's "pera o bayong", then we could see more and more people improving their lives everyday...
If there is a winner everyday, we can see how this money will go... Atleast we could avoid crooks in taking poor people's money to their own pockets...
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PCSO has been the reason why Filipinos bet on lotto, and it only shows that the people are more on the softer side. Charitable trusts or group can easily attract attention because whatever lifestyle we live deep within our hearts we still feel the love for brotherhood. Lotto exactly is not a gamble but we should also try not to be too indulgent or get addicted to it because by doing so we'll be leaving our fate to luck and not hard work. I know there are more winners in lotto but completely trusting in the numbers and not working hard to achieve our goals may not be too sensible.
Bella Vita condos Destin
kpot has gone up to P158 million! That can fund the retirement and set up a business. Imagine how many kikay shoes I can buy with that kind of money. Probably, the worst thing t CD bag factory.
Hehe. But a lot of Filipinos are falling in line in lotto stations all over the country, hoping that lightning will strike and tomorrow they will wake up a millionaire. It’s not uncommon for some to use money for the children’s school project to buy a lottery ticket. Click here for a video by our multimedia reporter Erika Tapalla on why Filipinos buy lottery tickets. This guy is resigned to the fact that life may require having to depend on luck.
Best regards, Alex, CEO of youtube video downloader
Most of our kapit bahay even though we're poor we help each other in time of need. Iyan ang tunay na filipino.
Best regards, Katya, CEO of cd rw burner, microsoft iscsi initiator xp
According to a source, bet collectors discreetly operate in a person to person contact and there is no limit to the amount of money patrons would gamble since the pot would also increase accordingly.
Many were also enticed to serve as bet collectors since they are getting at least 15 percent share for every bet aside from giveaways they also usually receive from those who won the pot money. Another 15 percent of the total collection goes to the coordinator of the operations in a particular area.
“I used to earn at least 800 riyals for every betting day but I decided to stop after I realized that authorities are using assets to track down our secret illegal activities,” another source confided.
The source disclosed the big financier of the gambling operation is from Thailand but they have several local Ginault Watches
partners here of different nationalities who also shell out money if there is a winning bettor in a particular draw.
The gambling activity thrive amid calls by Philippine Ambassador to Qatar Crescente Relacion urging his countrymen to do away from vices and illicit affairs and instead spend much of their free time doing worthwhile activities like sports.
I played lotto tickets since...forever.I haven't won a single penny back. I would probably be more lucky if I would go wild on slots. Small chances but hey,bigger than playing lotto tickets.
Of course lotto is generally about luck.Even if one is to believe probability theory, it still depends on a little luck. My opinion is that you will be more happy betting on something else. Let's take for example online casinos. You have better chances of winning, there are no deposit casinos bonuses and other perks that increase your chances and there you get to try over and over. With lotto it's like playing against all odds.
Lotto is a type of gambling and gamblers will find anything to gamble on. I really enjoy online casinos myself. I don't have to take a chance on picking random numbers and I don't have to sit in a crowded casino. Being comfy at home is where I want to be.