The Gambler Who Cracked the Horse-Racing Code

tradexpo said:
gamblers lose in the long run to too much risk. they are willing to take. for big rewards.
the odds is 100% loss to make 10X your bet that is gamblilng you only have 10% chance of making 10x your money

same with slot machines and lotteries,,the potential jackpot is huge.
A $20 slot spin can win $10,000 and lotteries that $3 dollar ticket can have 'chance' of $500 million.
the odds is 1 in 15 million...low odds for big rewards. or r-ratio is 100,000,0000

the jackpot or pot is huge..same with trading,,the pot is too small in penny stocks and some stocks and some contracts. or known as money on the table or open interest.
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That guy isn't a gambler. His an advantage player like how people make millions from poker or stocks.
 
Thor said:
There is a Romanian mathematician who won the lottery thrice, wrote some algo to predict the numbers.
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Nah, there is no algo to win the lottery. That guy is just simply lucky.

But occasionally you have odds in your favor when the jackpot rolls over to a very large amount. There are syndicates who buy up large amt of tickets when that happens. Also you should buy different numbers. E.g don't buy 123456 and 345678 in a 6/49 lottery as you repeat 4 numbers.
 
HolyGrailSeeker said:
Nah, there is no algo to win the lottery. That guy is just simply lucky.

But occasionally you have odds in your favor when the jackpot rolls over to a very large amount. There are syndicates who buy up large amt of tickets when that happens. Also you should buy different numbers. E.g don't buy 123456 and 345678 in a 6/49 lottery as you repeat 4 numbers.
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I was mistaken, he didn't win it thrice, he won it 14 times. :p

How a Romanian mathematician hacked the system and won the lottery 14 times
https://www.independent.co.uk/news/...ian-hacked-system-stefan-mandel-a8527556.html
 
Thor said:
I was mistaken, he didn't win it thrice, he won it 14 times. :p

How a Romanian mathematician hacked the system and won the lottery 14 times
https://www.independent.co.uk/news/...ian-hacked-system-stefan-mandel-a8527556.html
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So he used the same method that the previous poster, @HolyGrailSeeker mentioned.
In the US, Jerry Selbee used similar method to win $26 million.
They were running lottery syndicates buying millions of tickets. And there were other lottery syndicates as well.
 
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