Beating the system: The Boston Globe reports how a group of MIT students beat the Massachusetts state lottery by working out that you were almost guaranteed to get a return on the game Cash Win Fall at certain times, and only buying tickets at that point. It's reckoned that they made $48m on a $40m stake over several years, that other syndicates were also involved, and the state 'bent and broke' the rules by allowing them to buy tickets in bulk. The game was closed down after the Globe started to investigate. [more inside]
posted by DanCall
on Aug 8, 2012 -
Cracking the Scratchie. With cheating and money laundering and statistics, this story seems like it should be about something more exciting than scratch-off lottery tickets. But it isn't.
posted by jacquilynne
on Feb 1, 2011 -