Categories: World

Thanks to a simple trick: this mathematician won the lottery jackpot 14 times

class=”sc-29f61514-0 jbwksb”>

1/5
Mathematician and economist Stefan Mandel has won the lottery jackpot more than ten times.

According to Swisslos, the chance of winning the lottery jackpot in Switzerland is about 1:31 million. Those who are lucky can afford the long-awaited luxury. However, for many, the dream of winning big money remains just that: a dream.

Only: does it really have to be like this? Mathematician and economist Stefan Mandel has outsmarted the system. He won a lottery jackpot 14 times – completely legal and without breaking any law.

Mandel started his serial winnings in the 1960s as a low-earning man in Romania. “I needed a way to get money quickly,” Mandel said in an interview with an Australian television network.

Without further ado, he developed an algorithm that he believed could predict five out of six winning numbers. And indeed: he cracked the jackpot for the first time. The equivalent of nearly 20,000 francs flowed into his account. Mandel moved to Australia with his family and continued to play the lottery.

Authorities became aware of his scam

The economist discovered that in some lotteries the jackpot was higher than the number of possible combinations. Depending on how you played, this meant that if you handed in a piece of paper with all possible combinations, you always made a profit.

More about the lottery
2.04 billion cleared
American lottery winner allegedly stole lucky ticket
jackpot won
Lucky guy wins eight million Swiss francs in the Swiss lottery
Euromillions jackpot won
Schweizer clears more than 50 million francs
Affordable apartment in Zurich
An apartment almost like winning the lottery

Mandel took advantage of that. In the eighties, the Romanian with Australian nationality won the jackpot 12 times in this way, simply by always entering all number combinations. However, it wasn’t long before the authorities became aware of his scam and the laws were changed.

30 computers and 12 printers in use day and night

First, it was forbidden for one person to play all combinations. Mandel circumvented the ban by seeking allies. When that too was banned, he soon founded his own company.

But because that eventually became too expensive, Mandel began to focus on one lottery: the Virginia Lottery in the US. The jackpot there was three times as high as the number of all possible combinations. For three months Mandel worked with a team of 16 people on making lottery tickets. 30 computers and 12 printers were in use day and night to produce all lots.

Strategy no longer works today

And indeed: on February 12, 1992, Mandel hit the jackpot. He managed to split $27 million between himself and his employees. However, he could not happily retire: Mandel’s strategy did not work for long. Because of his winnings, he had a big trial. In 1995 he had to file for private bankruptcy. He now lives on the Pacific island of Vanuatu.

By the way: Today, Mandel’s strategy of simply submitting all combinations no longer works. The lottery companies have changed the odds of winning and the rules of the game have been tightened. In Switzerland, there are 31.4 million ways to complete the form and each tip costs 2.50 francs. So about CHF 80 million would be due – per draw. That doesn’t pay off.

Stefan Mandel’s strategy was as simple as it was genius. Today all you have to do is fill out a lottery ticket and then dream – that one day you will win the big jackpot. (zis)

Source: Blick

Share
Published by
Amelia

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago