Posted on 08/03/2020 1:43:39 AM PDT by L.A.Justice
CHANDLER, N.C. (CNN) — After around 40 stores and four hours of searching, one North Carolina man finally struck gold.
Kevin Clark, of Candler, North Carolina, played a hunch and went on a journey to find the last top prize of the $5,000,000 Mega Cash scratch-off game.
“I had a real good feeling it was going to be in the western part of the state,” Clark said, according to the NC Education Lottery.
Clark spent four hours going store to store, buying every single $20 Mega Cash ticket, until he finally found the winner at a Stop N Go on U.S. 70 in Swannanoa, North Carolina.
(Excerpt) Read more at fox8.com ...
Insider info. Yeah, the lottery is legit. /sarc
Something wrong with that picture. Also, isn't the state double-dipping? The price of the ticket is essentially in itself a tax, albeit a voluntary one.
BTW, $2.1m is not as life-changing as you might think. Many people already have that amount in their 401(ks). Using the 4% rule, that's $84,000 a year in retirement. Not too shabby, especially if you have some other incomes to combine with it, but this is not exactly "country club rich." This guy is still going to need to watch his expenses and budget accordingly to make it last.
He would be wise to bank the money for now and find a very good financial advisor to help him invest it properly. He should set up a will and carefully spell out who the beneficiaries of his windfall will be should be. Also, he should change his cell number and address if possible to avoid all the people who are going to come out of the woodwork with their hands out.
Lottery commissions publish game statistics for scratch off games. This is not a new strategy. When a game has more dollars in prizes remaining than tickets to sell, it becomes an opportunity.
Lottery: Tax on stupidity
Scratch tickets have at best a 80% RTP, and more likely a 60-70% RTP, but typically the scratch ticket player is buying only a few tickets at a time, so when the player finally does get a sizeable win, it is easy for them to think they are ahead of the game, while quickly forgetting about all those times before when they didn't win. In other words, that $250 win is likely offset by $500 or more of losses from previous sessions.
As with slots, the higher jackpots go with the higher bets. People who buy $1 tickets tend to funnel any winnings right back into buying additional cards. Just like the penny slot machine player will typically keep on spinning until they are out of money, despite having been ahead a time or two during the session.
The people I know who have won sizeable jackpots on scratch tickets ($1,000 or more) have done so on $5, $10 or more cards. I know one $500k winner who won on a $20 card. The dollar ones are pretty much crap. Don't know of any big winners on a dollar card.
If only that was true. Do you really think the person who spends their welfare check on lottery tickets goes hungry? No, they just ask for more welfare so we end up paying for their welfare and their lottery tickets unless they hit. Then it's all for them and none for us.
That story comes from press bias. If one winner does things like lose a briefcase full of money at a strip club and ten winners in invest in tax free municipal bonds and live on the interest only the idiot will be reported on. The responsible ones will never be heard from again.
It is poor people taxes. People that don’t pay them and sponge off the rest of us had to pay somehow. So here’s how it’s done. “You can’t win if you don’t play” is very effective.
Absolutely right. In Georgia, our lottery site lists how many of each top prizes there are and how many remain. They also announce sun setting of games. Combine that with the fact that you barely see a game anymore and the odds shift substantially.
He turned a sucker bet into a decent odds bet based on publicly available information.
The “hunch” part about location is silly though.
I want to know how he made it to 40 stores in four hours. Must drive fast.
“I’ll bet everything I own that he’ll be in bankruptcy court within 18 months!”
Sounds like a good way to get there yourself. :)
We have used them on the trading floor for 35 years to motivate people to sell something. Sell a inventory truck/carload of lumber get a NH scratch ticket.
In all that time, with thousands of tickets bought by individual traders and management, we have only had one big winner($5000) off a $1 scratch ticket in 35 years.
This guy knows statistics. Simple math for some. Harder for most others. He knew that there was ONE remaining ticket for $5 million. His only issue was IF someone else bought that one ticket before he did.
This is similar to card counting in Black Jack. However, most people can not count the amount of Jacks, Queens, Kings and 10’s left in 6 decks of cards. The people who can are not allowed to visit casinos. The book “Bringing down the House” was based on MIT & Harvard math majors and the professor that figured out a system how to do this.
Other people have figured out how to beat state lottery games in the past. Most of them are math majors. Some are even college professors.
Years ago I bought a how-to book on card counting. I just didn't have the patience and concentration to stick with it. Though I got pretty good practicing at home when one deck was being used. There's a couple of places in North Vegas that still offer single-deck blackjack but I think they offset that with 6:5 blackjack payouts, which is an awful deal for any blackjack player.
Study the history of big lottery winners.Bankruptcy is the norm.
Would you please tell what the app name is?
Thanks
Thank you
Freepers think everyone else is stupid
You’re just using common sense and logic to support your theory but we have conspiracies, jealousy and suspicions on our side.
The lottery, a tax on people that don’t know math.
He decided to take the lump sum of $3 million...$2.1 million after taxes...
I don’t know if I could drive around for 4 hours...Buying lottery tickets...
1 posted on 8/3/2020, 3:43:39 AM by L.A.Justice
For 40 minutes, and a $2,100,000 payoff? I’d do that once a day for month, and never drive anywhere again.
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