Woman Wins Lottery for the Fourth Time

‘has one’
nngh.

As long as you are rich, there are winning lottery strategies. For example: if there are 8 million dollars bet on the lottery each time it is played, then buying 8 million dollars of tickets gives one a 50/50 chance of winning. If the prize is well over 16 million dollars, then it is a good investment.

It’s crazy to think someone can make a career out of playing the lottery, yet this may prove craziness ain’t all that far-fetched.

@Edward: How might one purchase 8 million lottery tickets in a few days?

Well, you don’t get one guy filling out forms and one guy processing them. There are actually firms that handle this. They’re called lottery syndicates. They’re basically investment groups in which a large number of people put up their money and all split the possible winnings. They’re like big boys’ versions of the office pool.

Goodness…makes me feel silly when I just buy one.

@Edward “As long as you are rich, there are winning lottery strategies. For example: if there are 8 million dollars bet on the lottery each time it is played, then buying 8 million dollars of tickets gives one a 50/50 chance of winning. If the prize is well over 16 million dollars, then it is a good investment.”

First, the odds of you winning the lottery don’t change with the number of dollars bet. It doesn’t matter how many dollars are bet.

The main factors to consider are how many possible combinations of numbers there are, and what the payoff is for hitting the one **winning** combination. If the total payoff for a win exceeds the cost of covering all possible bets, you have a potential winning strategy…

Until you consider that others are also playing, and there is a strong possibility that you’ll split the pot with at least one other player.

On top of that, you have to remember that not every dollar of ticket sales goes into the prize pool. About half goes to support whatever cause the lottery was set up to benefit and administration fees. Also, not all of the prize pool goes to the one(s) who match all the lottery numbers. You have to deduct out the lesser prizes, too. So of every dollar bet on the lottery, perhaps 40% or less goes to the jackpot, and 60% does not. It takes $20 million or more in bets to make your hypothetical $8 million jackpot prize.

Be glad you’re not rich, Edward. I suspect it wouldn’t last long.

I think that nobody is that lucky. Im not into conspiracy theory`s but the fact remains that this lady does not want to be seen. the odds of winning 1 lottery is astonomical but 4 is impossible. I think there are other people involved in this lottery scheme. As far as i hear she does not live in texas anymore she lives in in las vegas. I think this should be investigated.