Buy all Lotto Combinations - Win Big

imstillthebest

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Quote from: kryptqnick on January 22, 2021, 12:30:41 PM

A friend of mine thought of a similar idea once, but hypothetically because he wouldn't want to get in trouble. The idea was to create a community via an app, and this community would target some specific lottery and buy out as many tickets as possible (but not all of them because it's not realistic), and they all don't spend much on the venue individually, but in case the community got the ticket right, the reward is split equally between all participants. So it's not like there's a guarantee of winning, but there's a way higher chance of getting some reward than when one simply buys a lottery ticket.
But nowadays I think such an enterprise would be targeted and outlawed.

your friend must be rich because the possible combination are millions and that will cause him millions for buying all tickets but asking for help is a smart move to do to not all shoulder the payments like what the character did in the story but my question is who held the funds in the group that he created, was it your friend ?
i will not easily trust my funds to random guys if there is no escrow involved but i will maybe if i know the members of this group .

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Quote from: acroman08 on January 21, 2021, 05:26:02 PM

what does the "least likely combination" meant? do they mean the least likely to win or least likely to be picked by other lotto buyers?

although the story sounds good it is incredibly risky(at least for me) even if they got about 82% of the combination. I wonder if they did this again or if the lotto company(not sure what they are called) placed a rule or preventive measures to prevent this kind of thing happening again.

Most likely what this means is that the gamblers kept track of every single result of that lottery and then they tried to see if there was any bias in the results, if there were some numbers that appeared not as frequently as they should then they avoided those numbers and instead concentrated themselves on the numbers that appeared more frequently, while from a purely mathematical point of view there should not be any bias if the method used to try to pick the numbers of the lottery is flawed biases could appear and as such the methodology used by these gamblers is correct.

kryptqnick

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A friend of mine thought of a similar idea once, but hypothetically because he wouldn't want to get in trouble. The idea was to create a community via an app, and this community would target some specific lottery and buy out as many tickets as possible (but not all of them because it's not realistic), and they all don't spend much on the venue individually, but in case the community got the ticket right, the reward is split equally between all participants. So it's not like there's a guarantee of winning, but there's a way higher chance of getting some reward than when one simply buys a lottery ticket.
But nowadays I think such an enterprise would be targeted and outlawed.

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Quote from: newwest on January 22, 2021, 04:10:31 AM

Quote from: ?? on ??

This is an amazing story, this is a big brain play by Stefan. It required a lot of work and effort, filling out almost 2 million lottery tickets manually will take almost forever and even submitting them to different branches. Even if they were able to make only 82% of the combinations, this kind of odds is still risky. I wonder if this kind of plan will still work if a lottery prize accumulates very high.

Lucky enough for them they were able to make some profits out of it and not got wasted anything else not only efforts but money would have gone as they were still short of 18%. Fortune favours the brave what I can imagine form this situation and not sure if still people would try out all such things at present as well to win it.

Big nerve to go ahead with this strategy as chances to lose still at risk. Good catch for this people as they are getting benefits after taking this strategy, not all can relied even you calculate but missing the fact that gamble always accompanied by risk.

Lucky for them that they still able to bank £310,000 splitting it up to 21 person orchestrated this strategy, like what OP said it was a good one that being done legally, if in some sense that the winning combo wasn't hit, that huge amount of capital that this people used will be waste and will be grab by the lottery facilitator.

aoluain

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Quote from: Mauser on January 22, 2021, 11:55:27 AM

I don't fully understand this, how can you make a profit with lottery if you have to pay a tax on your winnings? For every $1 you spend, you will only get 60-70cents back, I thought in the long run you will just lose money playing lottery. And especially buying all possible combinations will cost you more money than you can earn back. It's been a while since these guys made such a massive profit. Could we replicate the strategy today? I mean it sounds like a real abitrage strategy if you can buy all possible outcomes you should be a guaranteed winner.

@Mauser, the Irish Lotto is TAX FREE!

In the case of this event there was a few different factors which had to come right:

The Jackpot amount V's the cost of buying the numbers
[the jackpot amount back in the 90's varied from around £300,000 to mostly £1,000,000
on some occasions it reached up to £1,300,000 and once or twice over that so they had to
wait for the jackpot to be right and the below criteria to be right]

The Team - recruiting the right members who were able to gamble with big money
at the time when the Jackpot was ripe for taking

The strategy - What combinations were more/less important than others

The Implimentation - Having the logistics in place to enact the gamble

Mauser

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I don't fully understand this, how can you make a profit with lottery if you have to pay a tax on your winnings? For every $1 you spend, you will only get 60-70cents back, I thought in the long run you will just lose money playing lottery. And especially buying all possible combinations will cost you more money than you can earn back. It's been a while since these guys made such a massive profit. Could we replicate the strategy today? I mean it sounds like a real abitrage strategy if you can buy all possible outcomes you should be a guaranteed winner.

bitbollo

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I heard about a similar story even for an USA lottery... and each time I am really surprised of that bravery for invest a such amount of money.
Even the younger age of the inventor of this system is something that is really surprising to me.
BTW these are tricks that doesn't work anymore since these lotteries are trying to have always a big number of combinations available.

boyptc

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Quote from: Cling18 on January 22, 2021, 10:28:30 AM

Quote from: boyptc on January 21, 2021, 04:23:22 PM

I've never thought that actually this kind of strategy in my fantasy has ever existed. But doing the strategy will really cost them money at first and it's a big syndicate back then having that amount because inflation wasn't yet a big deal by that time.

Do you think this time that a group of people will remake this strategy? for me, I don't think that there will be.

I was also shocked because this strategy has been in my thoughts for years. I didn't expect that it really happened in real life. I guess they have done that in connivance with the lotto operators before. However, I don't think that the same thing could happen again because there were already lots of changes in the mechanics and it will cost a lot of money and effort.

Yeah, that's also what I realized that doing it, for now, will not make sense anymore. It's already been known in the lottery business and they have countermeasures to avoid the same result as what has been done in history.

Quote from: FlightyPouch on January 22, 2021, 06:34:14 AM

I guess they have this under control the fact that there are a lot of people still not doing this strategy. But let's consider the fact that the price of lotto is increasing which means that if they will be doing that strategy, they will be waiting for the big prize so that they could earn a profit. Is this legal if tried in the Philippines?

I don't know, maybe it is legal but how much does it take for those interested groups to do it. It needs a lot of money.

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Quote from: boyptc on January 21, 2021, 04:23:22 PM

I've never thought that actually this kind of strategy in my fantasy has ever existed. But doing the strategy will really cost them money at first and it's a big syndicate back then having that amount because inflation wasn't yet a big deal by that time.

Do you think this time that a group of people will remake this strategy? for me, I don't think that there will be.

I was also shocked because this strategy has been in my thoughts for years. I didn't expect that it really happened in real life. I guess they have done that in connivance with the lotto operators before. However, I don't think that the same thing could happen again because there were already lots of changes in the mechanics and it will cost a lot of money and effort.

aoluain

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Quote from: acroman08 on January 21, 2021, 08:41:49 PM

Quote from: aoluain on January 21, 2021, 05:44:43 PM

Least likely numbers to be drawn, 1-2-3-4-5-6, 1-3-6-12-24-36, etc.

sorry for asking again but is there any reason why these numbers are the least likely to be drawn? assuming that the lottery is fair shouldn't all the numbers have the same percentage of being picked?
it would be interesting if there is an article saying the reason why these numbers are the least likely to be drawn.

Quote from: o_e_l_e_o on January 21, 2021, 06:06:30 PM

Quote from: aoluain on January 21, 2021, 05:44:43 PM

Least likely numbers to be drawn, 1-2-3-4-5-6, 1-3-6-12-24-36, etc.

There is no such thing in a fair lottery.

Assuming the lottery is not rigged, and every number has an exactly identical chance of being drawn as every other number, then any combination of digits is just as likely as any other combination of digits. 1-2-3-4-5-6 is just as likely as 6 seemingly "random" and unconnected numbers. There is no combination which is more or less likely to win.

I thought so too, that's why I was so confused when they said "least likely combination" and ask what they meant about it.

These are numbers I picked to give an example, There are number statistics
and Stefan was /is actually an accountant so he would have worked out over
the previous 6 years of lotto play what the numbers were.
Here are some statistics > https://irish.national-lottery.com/irish-lotto/statistics
Not all numbers have the same frequency!

Quote from: Pmalek on January 22, 2021, 05:27:23 AM

But what about all the other people who bought lottery tickets and combinations? There is no way of limiting other people to play the lottery. I don't understand how the lottery didn't anticipate a move like that and made it so that even if you bought 100% of all possible combinations, you wouldn't be able to make any profit.

Imagine if you were to bet on horse races and bet on every single combination and make profit no matter the outcome of the race? It's simply not possible nowadays.

Yes there were other people who won matching 4 and 5 numbers but the vast
majority were won by the syndicate because they had bought more combinations.

A matter of volume.

Quote from: Kakmakr on January 22, 2021, 07:50:31 AM

Well..... give it to them... they deserve that profit. It has to be a massive undertaking to prepare for such an event ....because to work out the combinations and then filling in all those cards at many different locations ....must have been a gigantic process.

-snip-

Quote from: shoreno on January 22, 2021, 09:09:17 AM

Quote from: Kelvinid on January 22, 2021, 08:58:29 AM

I can't imagine how long he stays on the lottery outlet waiting for it all to be punch on the system. I can't imagine if he does this alone or hires someone to do the task or he owns an outlet so he can't bother other gamblers on the line next to him.

-snip-

according to what i read the draw was on saturday night so they still have 5 days to fill the tickets with their chosen numbers and it wasnt only done by a single person but there are 21 person involved .

i think they just buy the tickets and take them on their home to fill it out so that they wont interupt other buyers and this act is also not usual if done in public because other lottery ticket buyers will think negative but this is legal as what on the article stated .

They actually had maximum 7 days, minimum 6 days to set the plan in motion.
Starting on Sunday I would imagine they were already filling out tickets.

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That is big luck to that person who can win that lottery. He can gather 21 people to help him to win the jackpot, and he really did that. But they will need more time to have so many combinations to get the right numbers that they do not know if that will work. One person can buy a lot of tickets, and that is 21 people gather with one reason to win the jackpot. They can really win the jackpot, and one of their members also won the money, and they get the biggest winning in their lives.

shoreno

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Quote from: Kelvinid on January 22, 2021, 08:58:29 AM

I can't imagine how long he stays on the lottery outlet waiting for it all to be punch on the system. I can't imagine if he does this alone or hires someone to do the task or he owns an outlet so he can't bother other gamblers on the line next to him.

A lot of people want to win the jackpot prize and I salute this person for having this plan, spending millions just to win the prize, that was a crazy thing to do.

I don't think if there is someone who could follow in his footsteps and do the same strategy. He deserves praises of his great idea and I don't think is a kind of cheating since He is paying all of it just like others paying their combinations.

according to what i read the draw was on saturday night so they still have 5 days to fill the tickets with their chosen numbers and it wasnt only done by a single person but there are 21 person involved .

i think they just buy the tickets and take them on their home to fill it out so that they wont interupt other buyers and this act is also not usual if done in public because other lottery ticket buyers will think negative but this is legal as what on the article stated .

Kelvinid

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I can't imagine how long he stays on the lottery outlet waiting for it all to be punch on the system. I can't imagine if he does this alone or hires someone to do the task or he owns an outlet so he can't bother other gamblers on the line next to him.

A lot of people want to win the jackpot prize and I salute this person for having this plan, spending millions just to win the prize, that was a crazy thing to do.

I don't think if there is someone who could follow in his footsteps and do the same strategy. He deserves praises for his great idea but I don't think is a kind of cheating since He is paying all of it just like others paying their combinations.

swogerino

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That is some massive dedication to reach the objective and I am glad they did back then.This is one of the most difficult task to manually fill all the combinations and although they didn’t get that 30% profit they were looking for they manage to come out in profit.Hats off to the guy who orchestrated this in 1992.

Kakmakr

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Well..... give it to them... they deserve that profit. It has to be a massive undertaking to prepare for such an event ....because to work out the combinations and then filling in all those cards at many different locations ....must have been a gigantic process.

You will never be able to do that again, because the combinations to do that with today's lottery numbers, will never be profitable.... even if the Lotto is $100 000 000. (Also, some Lottery operations now want the exact order in which the numbers are drawn... so that adds even more combinations to the equation.) Roll Eyes

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Quote from: boyptc on January 22, 2021, 06:26:20 AM

Quote from: aoluain on January 21, 2021, 05:44:43 PM

Quote from: boyptc on January 21, 2021, 04:23:22 PM

I've never thought that actually this kind of strategy in my fantasy has ever existed. But doing the strategy will really cost them money at first and it's a big syndicate back then having that amount because inflation wasn't yet a big deal by that time.

Do you think this time that a group of people will remake this strategy? for me, I don't think that there will be.

No it cannot be done again, the Lotto company increased the amount of numbers,
so the amount of combinations increase!

First it was a 6 numbers out of 36, then they expanded to 39, now it is 47!

Okay then.

That's a lot of change and for sure other lotteries have been finding out some solution if there will be groups that are gonna try this strategy out.

I guess they have this under control the fact that there are a lot of people still not doing this strategy. But let's consider the fact that the price of lotto is increasing which means that if they will be doing that strategy, they will be waiting for the big prize so that they could earn a profit. Is this legal if tried in the Philippines?

boyptc

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Quote from: aoluain on January 21, 2021, 05:44:43 PM

Quote from: boyptc on January 21, 2021, 04:23:22 PM

I've never thought that actually this kind of strategy in my fantasy has ever existed. But doing the strategy will really cost them money at first and it's a big syndicate back then having that amount because inflation wasn't yet a big deal by that time.

Do you think this time that a group of people will remake this strategy? for me, I don't think that there will be.

No it cannot be done again, the Lotto company increased the amount of numbers,
so the amount of combinations increase!

First it was a 6 numbers out of 36, then they expanded to 39, now it is 47!

Okay then.

That's a lot of change and for sure other lotteries have been finding out some solution if there will be groups that are gonna try this strategy out.

Pmalek

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But what about all the other people who bought lottery tickets and combinations? There is no way of limiting other people to play the lottery. I don't understand how the lottery didn't anticipate a move like that and made it so that even if you bought 100% of all possible combinations, you wouldn't be able to make any profit.

Imagine if you were to bet on horse races and bet on every single combination and make profit no matter the outcome of the race? It's simply not possible nowadays.

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I think it can be done if they have many members who work together to buy the tickets because if one people can buy a lot of tickets, and the other members do the same thing, they will have a big chance to win the jackpot.
Those gamblers can pretend that they do not know each other, and they still buy the tickets with many combinations that will have a chance to win.
If they are lucky, which I think they can get their luck works, they will win the jackpot.
But I do not think that the method can always work in many casinos because if they can win on two or three casinos, the other casino will trying to figure out how they can win as the lottery games will depend on the luck factor to win.

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Quote from: leea-1334 on January 22, 2021, 03:54:34 AM

Yes,,, the favorite story repeated many times to us gamblers and an example where one guy learnt how to beat the house:) Probably a lot of other untold stories too (since when you tell them then people know how to fix the flaw).

These days almost impossible to do this type of thing I guess without a big capital.

I agree, most of the cheats happened in the past when the system is not yet fully secured, now, things are different, it's us bettors who are losing money and there's a little chance to find an opportunity to exploit the gambling operators. They know their business risk, they would spend a lot of money to improve their security so this one will only remain as an inspiration to gamblers to still find something to exploit to make easy money.

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