Retired Couple Won Millions Using A Lottery Loophole

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The games that allowed for this are now shut down but it was totally legal and netted them 8 million over 7-8 years.

https://www.msn.com/en-us/news/us/ho...ole/vi-AACD6GL
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  • Profile picture of the author Kay King
    Was on 60 minutes again (rerun) last week...still an interesting story.


    The last time Jerry and Marge played Cash WinFall was in January 2012. They'd had an incredible run: in the final tally, they had grossed nearly $27 million from nine years of playing the lottery in two states. They'd netted $7.75 million in profit before taxes, distributed among the players in GS

    This was portrayed by a reporter who 'broke' the story as 'beating the lotter' - but all they did was play the odds in a smart way. The idea that they should have 'informed lottery officials of the weakness' is laughable. Why should they?


    They might still be winning today if it weren't for other groups (MIT) who were greedy rather than reasonable - and a nosey reporter looking for a big story.
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  • Profile picture of the author JUnderwood
    They are great. They are very lucky. I also played, but have not won anything yet, not to mention millions. I would not refuse such a win)
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  • Profile picture of the author MaxFeerden
    Why am I so unlucky? I often play the lottery, but I still can not win anything.
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  • Profile picture of the author mullen07
    Hmm luck or tax on stupidity, A guy I use to work with won a jackpot two times and a car drawing,
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    • Profile picture of the author hardraysnight
      Originally Posted by mullen07 View Post

      Hmm luck or tax on stupidity, A guy I use to work with won a jackpot two times and a car drawing,
      so why is he still working
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  • Profile picture of the author romeoicq
    Banned
    Good for them , wish i had their Brains
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  • Profile picture of the author tagiscom
    Originally Posted by MaxFeerden View Post

    Why am I so unlucky? I often play the lottery, but I still can not win anything.
    It is not that you are unlucky it is just that the odd's or winning are pitifully small, or you have a better chance of being struck by lightening.

    How many people claim that they were struck by lighting and lived very few.

    Some may go for 30 years before winning something worthwhile, while they spend at least $15k on tickets over that time, and usually only win, maybe 30k, (this is going by someone in my distant family).

    Originally Posted by mullen07 View Post

    Hmm luck or tax on stupidity, A guy I use to work with won a jackpot two times and a car drawing,
    There are exceptions, but overall the masses go empty handed.

    Compare that with making $1 a day on the stockmarket, and reinvesting that, you would end up becoming a millionaire in 14 years...
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    • Profile picture of the author Claude Whitacre
      Originally Posted by tagiscom View Post

      It is not that you are unlucky it is just that the odd's or winning are pitifully small, or you have a better chance of being struck by lightening.

      How many people claim that they were struck by lighting and lived very few.
      And how many people who played the lottery died, because they played the lottery? I assume very few.


      Originally Posted by tagiscom View Post

      Some may go for 30 years before winning something worthwhile, while they spend at least $15k on tickets over that time, and usually only win, maybe 30k, (this is going by someone in my distant family).

      The average winning in a lottery...playing $15,000 over time...is almost exactly $7,500. You can increase you "average payout" by only playing when the jackpot if really high.....but that doesn't increase your odds, just the payout.

      Originally Posted by tagiscom View Post

      Compare that with making $1 a day on the stockmarket, and reinvesting that, you would end up becoming a millionaire in 14 years...
      Yes, if you bought and sold always at the right moment, and the right stocks. And you did that consistently..every day...for 14 years.

      The number of people who have done that...on the planet Earth...in all of recorded history...is exactly zero.
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      • Profile picture of the author lanfear63
        Originally Posted by Claude Whitacre View Post

        And how many people who played the lottery died, because they played the lottery? I assume very few.





        The average winning in a lottery...playing $15,000 over time...is almost exactly $7,500. You can increase you "average payout" by only playing when the jackpot if really high.....but that doesn't increase your odds, just the payout.



        Yes, if you bought and sold always at the right moment, and the right stocks. And you did that consistently..every day...for 14 years.

        The number of people who have done that...on the planet Earth...in all of recorded history...is exactly zero.
        "And how many people who played the lottery died, because they played the lottery? I assume very few."

        I suspect perhaps many people have died, the need to go to and from the place to get the tickets have resulted in car accident that would have otherwise have not have happened. Heart attacks as a result of winning. Family disputes over the money leading to shootings. Many possibilities.

        And of course if you play the "Mugger Millions"
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      • Profile picture of the author tagiscom
        Originally Posted by Claude Whitacre View Post

        And how many people who played the lottery died, because they played the lottery? I assume very few.
        True, but it is better than saying "people that were struck by lightening".

        The average winning in a lottery...playing $15,000 over time...is almost exactly $7,500. You can increase you "average payout" by only playing when the jackpot if really high.....but that doesn't increase your odds, just the payout.
        Sounds about right.

        Yes, if you bought and sold always at the right moment, and the right stocks. And you did that consistently..every day...for 14 years.

        The number of people who have done that...on the planet Earth...in all of recorded history...is exactly zero.
        True, some ,make a lot more and reinvest that, and pull it off quicker.

        Barring if they had a cesspool moment and lost the lot.

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  • Profile picture of the author iceman78
    Well. I'm sure they're very intelligent
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