Lottery and Lotto
 
 

In theory, at least, it's a simple matter to win a lotto. You simply wait till the payoff is larger than the odds against any particular set of numbers winning and then just wheel the board. This means to buy one ticket with each possible combination of the numbers from the pool.

If you buy a wheel on a "pick six" the odds of which are about 14,630,000 to 1 with a top prize pool of say $15,000,000 you should come out just fine on the big winner and make a substantial profit from all the smaller prizes that you pick up at the same time.

   
  The odds are really available (in most cases they are by law, published by the operator of the lottery)    
 
The hitch in this plan
   
  The problem with doing a wheel is that all lotto's (and lotteries) are paid off as a pool with all the holders of winning tickets receiving equal shares. So (using the example above) if you wheel the lotto and someone else happens to get the winning numbers (who knows they may be playing their children's birthdays or something) then you each receive $7,500,000 (less taxes of course) leaving you 7+ million in the hole.    
       
       
 
Required Reading
   
  As always I advocate a complete education. There are books on the subject, available through our Bookstore.