Christmas is already over. In Spain, as usual, we ended this festive period by opening gifts, eating roscon and regretting not winning money in El Niño lottery. Okay, there might be people who won something, but most didn’t. That’s what gambling is about. Winning the lottery is a difficult dream in which even mathematics cannot fully help us. Although in reality it is a mixture speech and mathematics Yes, they can be somewhat useful. Stefan Mandel is living proof of this.
This Romanian-Australian economist which in the 1990s reached win the lottery 14 times in several different countries. The math was fairly simple, but if no one had achieved this feat before, it was probably because they didn’t have the ability. ability of persuasion.
Essentially, this economist was looking for investors who would help him buy absolutely every possible combination. It is logical that he promised them a share of the profits. Otherwise it wouldn’t make sense. Once this was done, all that was left was to wait for the corresponding number to come out of the reel (or whatever the selection system was). Everything seems very simple and it really is. What was the flaw in his methods?
Extremely simple math
There is a question that almost all of us have asked ourselves at some point. How much will it cost to buy all possible combinations about the lottery? If we do this as usual, we will definitely win because we will have the winning number. Although many of us have asked ourselves this question, we rarely pick up a calculator to do the math. After all, who can buy all the possible numbers?
Mandel also asked himself this question, but went further. It all started with a game Romanian lottery. As expected, when he calculated the purchase price of all possible combinations, he saw that this one was huge. So big that it could not be returned for all the money received from the various prizes. This is normal, if this were not so, we would all be millionaires by now.
This was the only math he had to use. He did the calculations for several Romanian lottery games and found that in some cases the costs were three times more than what you would get if you won the lottery. Unprofitable, of course, but what if they helped you?
Investors who won the lottery
This is where Mandel’s glibness comes into play. He decided to look for people who would help him buy all possible numbers. He was responsible for distributing the numbers and promised them a portion of the prize proportional to the investment. It was difficult at first; he seemed nothing more than a charlatan. However, when he won the lottery for the first time, he was seen in a different light.
He won it several times in Romania. He then decided to travel to different parts Europe and then Australia. There he continued to look for investors and buy all sorts of combinations of different games. It became easier and easier for him to find people willing to join his bizarre plan. Moreover, to protect her investments, she even organized a kind of union called International Lottery Fund (ILF is an abbreviation in English).
Gradually, he gathered investors from all over the world. This allowed him to also join US lottery. He learned that there was a game being played in Virginia in which the total number of combinations was much lower than usual. It won’t need as many investors and the need for distribution will be greater. He also decided to play, although he was going to screw it up.
For some reason, some of his staff backed out at the last minute, so when push came to shove, all he could do was 6.4 million out of 7 million possible combinations. They could have lost a lot of money, but they were very lucky to get the winning number. Another reward for your list.
Even professional lottery winners are retiring
More than 30 years have passed since Mandel’s exploits. The amount of money he made by winning the lottery 14 times was astronomical, so he finally decided it was enough and quit the game. He literally retired, because currently, at 91, he lives peacefully in a house on the seashore, in Vanuatu.
Both the CIA and the FBI They investigated his movements but were unable to find any irregularities. And in fact, he didn’t do anything illegal. He simply added math, ingenuity and conviction to win the lottery over and over again. Yes, we know what you’re thinking. How could this not have occurred to you before?
Source: Hiper Textual
