Comparison between TOTO & iTOTO
- iTOTO allows you to buy one or more units of a Quick Pick System 12 Entry for the current draw.
- An iTOTO bet is a Quick Pick System 12 Entry divided into 28 units. Each unit costs $33 (cost of a System 12 Entry of $924 divided by 28).
- The prize amount for each winning iTOTO unit is the prize amount of the winning Quick Pick System 12 Entry divided by 28.
- All 28 units of an existing iTOTO bet must be sold before a new iTOTO bet is generated upon demand.
- By buying more than one unit of iTOTO, you are purchasing multiple units for the same set of numbers.
- The prize amount will be rounded up to the nearest 10 cents.
A TOTO System 12 Entry | A unit of iTOTO System 12 Entry |
Number Selection Quick Pick or Self Pick numbers |
Number Selection Quick Pick numbers only |
Cost $924 per bet |
Cost $33 per unit |
Prize Amount According to prize structure |
Prize Amount According to prize structure, divided by 28 units |
Example 1
Joe bought a Self Pick TOTO System 12 Entry. | Jane bought two units of a iTOTO Quick Pick System 12 Entry. |
Cost of bet: $924 | Cost of bet: $66 ($33 per unit x 2 units) |
Their bets were the only two that matched the six Winning Numbers drawn. The Group 1 prize of $4,000,000 was divided into two Winning Shares of $2,000,000. |
|
Joe uses his ticket to claim one Winning Share of $2,000,000. | Jane uses her ticket to claim $142,857.20 ($71,428.60 X 2 units). (Group 1 Prize of $2,000,000 divided by 28 units, rounded up to nearest 10 cents = $71,428.60 per iTOTO unit.) |
Example 2
Kyle bought a Self Pick TOTO System 12 Entry. | Karen bought one unit of a iTOTO Quick Pick System 12 Entry. |
Cost of bet: $924 | Cost of bet: $33 |
Their bets matched three of the Winning Numbers drawn (Group 7 prize). | |
Kyle uses his ticket to claim $840 ($10 x 84 shares). | Karen uses her ticket to claim $33.60. (Group 7 Prize of $10 divided by 28 units, rounded up to nearest 10 cents x 84 shares) |