Gaming the #lottery: How one winner used math to overcome the odds
▻https://hackernoon.com/gaming-the-lottery-how-one-winner-used-math-to-overcome-the-odds-71c8f68
Three out of every two people struggle with fractionsEach week for the last 6 years (2012–2018), I was playing the lottery to win. Not just hoping to win — playing with a ‘positive expected value’ (a mathematical expectation to win rather than lose, on average, over time). In June 2018 this particular window of opportunity closed, so I’ve decided to share more about the winning model and reveal some closely guarded secrets from the clandestine world of professional #gambling.Oz Lotteries ‘Pools’ website one day after the game was discontinuedWinners walking among usWe’ve all heard the maxim ‘the house always wins’. This is typically true.But how do we explain the MIT students or Michigan retirees who took home millions of dollars in the Massachusetts state lottery…many, many times? There were the (...)