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Is it impressive to win the jackpot 14 times by using a "loophole"?

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Post time 2-11-2023 12:31:41 | Show all posts |Read mode
Edited by Shri333 at 22-12-2023 05:34 AM

Stefan Mandel from Romania, an economist, used a ""loophole"" in the lottery rules to win the jackpot 14 times!

Stefan Mandel, who hails from Romania, was once very poor, struggling to support his wife and two children on meager wages. To improve his financial situation, he utilized his knowledge to study the lottery, leading to his remarkable feat of winning the jackpot thirteen times. Each win equaled 18 years' worth of his salary.

Later, he and his family moved to Australia. There, he discovered that for a little over 7 million US dollars, he could purchase all possible combinations, with the potential prize money far exceeding the initial investment. After the draw, Stefan won the jackpot for the fourteenth time, earning multiple prizes, including the first prize, totaling 30 million US dollars. Official investigations into his winnings found that he had only exploited a rule loophole, without any violation of the rules, making his winnings legitimate and valid. However, the lottery company subsequently prohibited individuals from purchasing a large number of tickets.

While he used his professional knowledge intelligently to make money, Stefan squandered all his winnings and eventually went bankrupt. So, no matter how much one wins, managing finances is crucial.
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Post time 2-11-2023 17:21:30 | Show all posts
It's indeed impressive to be able to find and exploit vulnerabilities.
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Post time 2-11-2023 20:38:21 | Show all posts
They play with probabilities, while we play with statistics.
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Post time 2-11-2023 20:49:47 | Show all posts
Rules are certainly not going to be flawless, and this is especially true for lottery winning rules. People who can find loopholes and make a fortune from them are truly genius-level individuals.
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Post time 2-11-2023 21:29:33 | Show all posts
So the simpler the rules, the more fair it tends to be.
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