Gaming the lottery: How one winner used math to overcome the odds
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Re: Gaming the lottery: How one winner used math to overcome the odds
#2The author lays out all the math and practical considerations and then…skips to the conclusion.
Did he put it to the test? Seemingly not. And now that the methods are explained, there will likely be too many other people trying this to make any money from it.
This article is essentially a white hat hacker disclosing a vulnerability.
Re: Gaming the lottery: How one winner used math to overcome the odds
#3The author lays out all the math and practical considerations and then…skips to the conclusion. Did he put it to the test? Seemingly not. And now that the methods are explained, there will likely be too many other people trying this to make any money from it. This article is essentially a white hat hacker disclosing a vulnerability.
He implied the buy-in was about 21k for one attempt with about 5-7% chance of winning. Mocking up some quick analysis for a blog is one thing, taking out a loan for 100k+ is quite another...
Re: Gaming the lottery: How one winner used math to overcome the odds
#4The author lays out all the math and practical considerations and then…skips to the conclusion. Did he put it to the test? Seemingly not. And now that the methods are explained, there will likely be too many other people trying this to make any money from it. This article is essentially a white hat hacker disclosing a vulnerability.
The first paragraph seems to imply that they played this lottery for 6 until they (I guess) changed the rules in 2018.
Re: Gaming the lottery: How one winner used math to overcome the odds
#5That was extremely unsatisfying. Great simplification and overview... then skipped directly to a "conclusion"
Re: Gaming the lottery: How one winner used math to overcome the odds
#6The author lays out all the math and practical considerations and then…skips to the conclusion. Did he put it to the test? Seemingly not. And now that the methods are explained, there will likely be too many other people trying this to make any money from it. This article is essentially a white hat hacker disclosing a vulnerability.
He implied the buy-in was about 21k for one attempt with about 5-7% chance of winning. Mocking up some quick analysis for a blog is one thing, taking out a loan for 100k+ is quite another...
The title of the article reads "How one winner used math to overcome the odds"
Re: Gaming the lottery: How one winner used math to overcome the odds
#7Strange, can't connect to Https://thelott.com, that lottery website.
If there has been a recent change in the rules, then it would give credence to the story. I did not see a comment yet on the post's website.
Re: Gaming the lottery: How one winner used math to overcome the odds
#8The author lays out all the math and practical considerations and then…skips to the conclusion. Did he put it to the test? Seemingly not. And now that the methods are explained, there will likely be too many other people trying this to make any money from it. This article is essentially a white hat hacker disclosing a vulnerability.
He implied the buy-in was about 21k for one attempt with about 5-7% chance of winning. Mocking up some quick analysis for a blog is one thing, taking out a loan for 100k+ is quite another...
You can also split the cost of the 21k across many people. You walk away with less money if you win but you also get a chance to play without selling a kidney. The hard part wouldn't be the finding a fraction of the 21k but finding enough people that would agree on the subset of 20 matches from the overall 38 that you should bet on. Depending on what matches they have listed for the week, you might even play a smaller subset than 20. If most of the matches are strong teams vs weak teams, you stand a better chance than many evenly matched teams. Although his data seems to suggest that splitting winnings somehow results in even less winnings than you would normally think so it really does seem to be that high buy-in is the best course of action.
Re: Gaming the lottery: How one winner used math to overcome the odds
#9Not much payoff for the article. Did it work?
But in a general lottery (random) it makes more sense to put $50 into a single lottery than $1 in 50 lotteries. That's the only way to improve your chances.
Re: Gaming the lottery: How one winner used math to overcome the odds
#101 May 2018:
"Soccer Pools is being AXED after paying out a $1.49 million prize because it was the least popular lottery game in Australia"
https://www.dailymail.co.uk/news/article-5677449/Soccer-Pool...
Also: https://en.wikipedia.org/wiki/Lotteries_in_Australia#Soccer_...