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Mathematician hacked the system and won the lottery

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Manage episode 446042529 series 3606199
Content provided by wnguyen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wnguyen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Stefan Mandel's strategy for winning the lottery involved buying every possible combination of numbers. He calculated the number of combinations for a given lottery and only targeted lotteries where the jackpot was at least three times the cost of buying all the tickets. This ensured a profit even after covering the cost of the tickets. To buy all the combinations, he raised money from investors and then purchased every possible ticket combination. This method worked for Mandel several times, but modern lottery systems have implemented changes, such as limiting ticket purchases and digital monitoring, making it almost impossible to replicate his strategy.

  continue reading

127 episoade

Artwork
iconDistribuie
 
Manage episode 446042529 series 3606199
Content provided by wnguyen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wnguyen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Stefan Mandel's strategy for winning the lottery involved buying every possible combination of numbers. He calculated the number of combinations for a given lottery and only targeted lotteries where the jackpot was at least three times the cost of buying all the tickets. This ensured a profit even after covering the cost of the tickets. To buy all the combinations, he raised money from investors and then purchased every possible ticket combination. This method worked for Mandel several times, but modern lottery systems have implemented changes, such as limiting ticket purchases and digital monitoring, making it almost impossible to replicate his strategy.

  continue reading

127 episoade

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