On: Couple wins millions using lottery loophole

[SilasX]

Um, needing millions to risk on this means it isn't "available to everyone".

And yes, it is a risk, even if your mask is solid. There's always the risk that the lottery commission could say "oh, come on, the terms and conditions prohibit this kind of thing", leading to a protracted legal battle.

[kazinator → SilasX]

If you have a 60% rate of return from a single play, it only takes some 15 rounds of compounding to pass your first million, starting with $1000.

[dsfyu404ed → SilasX]

> There's always the risk that the lottery commission could say "oh, come on, the terms and conditions prohibit this kind of thing", leading to a protracted legal battle.

Not sure why this is down-voted. It's spot on.

[conductr → dsfyu404ed]

Think downvoting is on first half of the comment because as is noted already, compounding.

On the legal topic, I think it’s not a prohibitive risk. It’s completely in the game’s design and completely within the lottery’s control as they basically control distribution. Running a casino isn’t a risk free operation, miscalculations cost money.

[kazinator → dsfyu404ed]

Probably because it didn't happen; these people got away with it for years, and don't seem to be in any hot water.

They bought tickets and won due to the inherent probability of the game, fair and square. No inside information, no gaming of anything.

What supposed to make mass ticket buying non-profitable is the expected return being < 1, not any hidden terms and conditions.