OnceDear
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OnceDear
Joined: Jun 1, 2014
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January 29th, 2019 at 2:15:38 PM permalink
This was in UK news this week. Apparently a couple spotted an exploit for the Michigan Lottery and caned it over a decade for $23M
https://www.thisisinsider.com/how-jerry-marge-selbee-won-the-lottery-2019-1

"A small-town Michigan couple recently sat down with "60 Minutes" to tell the unlikely story of how they used "basic arithmetic" to find a loophole in the lottery that helped them win $26 million over nearly a decade."

I don't know if it's already been discussed here. Sorry if it has.
Take care out there. Spare a thought for the newly poor who were happy in their world just a few days ago, but whose whole way of life just collapsed..
CrystalMath
CrystalMath
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January 29th, 2019 at 2:42:43 PM permalink
I watched the story from 60 minutes. The advantage was obvious, so Iím surprised that more people didnít figure it out. My problem is that I would never have even looked into a lottery game to get that far.

The 26M win is misleading, because the profits were more like 3-4M.
I heart Crystal Math.
OnceDear
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OnceDear
Joined: Jun 1, 2014
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January 29th, 2019 at 2:44:14 PM permalink
Quote: CrystalMath

I watched the story from 60 minutes. The advantage was obvious, so Iím surprised that more people didnít figure it out. My problem is that I would never have even looked into a lottery game to get that far.

The 26M win is misleading, because the profits were more like 3-4M.

I hope they still made a big profit post tax.
Take care out there. Spare a thought for the newly poor who were happy in their world just a few days ago, but whose whole way of life just collapsed..
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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January 29th, 2019 at 2:44:39 PM permalink
I recall this being discussed some time ago. Basically, they buy as many combinations as possible to take advantage of spillover distribution when the top prize is capped. I think it came up because the lottery was asking the state to pass laws limiting sales per person or group.

Edit: Earlier post here: beating-the-lottery
Simplicity is the ultimate sophistication - Leonardo da Vinci
Nathan
Nathan
Joined: Sep 2, 2016
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January 29th, 2019 at 3:01:07 PM permalink
Quote: OnceDear

This was in UK news this week. Apparently a couple spotted an exploit for the Michigan Lottery and caned it over a decade for $23M
https://www.thisisinsider.com/how-jerry-marge-selbee-won-the-lottery-2019-1

"A small-town Michigan couple recently sat down with "60 Minutes" to tell the unlikely story of how they used "basic arithmetic" to find a loophole in the lottery that helped them win $26 million over nearly a decade."

I don't know if it's already been discussed here. Sorry if it has.



There was another Lottery game that was exploited over a few years. Cash Win all. A few IT Students found a loophole in this game and exploited it like many people would. They found that aiming for the SECOND prize Jackpot could net a hefty win. They worked in teams of two or something like that and each team bought up staggering amounts of Cash Win all tickets. Like $200 worth for each person, so if there were 8 people all in it, that was $400 worth of tickets for a team and altogether, they spent $1600 a trip. If they did this once a week, every week for let's say 4 years, they spent roughly $333,000.They ended up winning like two million dollars split all between them. Not too shabby on a roughly $333,000 investment. To put this into perspective, a guy won $500,000 on a lucky game in a Casino and put it right back into bad playing games the same day and had nothing to show for it. These IT Students played less and got way more than the guy who list half a million after winning it. The Lottery not only pulled the game after these Students beat the game, they put a limit on how many tickets a Lottery Retailer could sell to one person.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D

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