Mitchell_Porter comments on Winning the Unwinnable - Less Wrong

4 Post author: JRMayne 21 January 2010 03:01AM

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Comment author: Mitchell_Porter 21 January 2010 03:13:44AM 10 points [-]

Wikipedia:

In a famous occurrence, a Polish-Irish businessman named Stefan Klincewicz bought up almost all of the 1,947,792 combinations available on the Irish lottery. He and his associates paid less than one million Irish pounds while the jackpot stood at £1.7 million. There were three winning tickets, but with the "Match 4" and "Match 5" prizes, Klincewicz made a small profit overall.

Comment author: JRMayne 21 January 2010 04:40:00AM 1 point [-]

Excellent!

Obviously, most US lotteries have much longer odds (making it more difficult), but good for Klincewicz. It's unsurprising that this has been tried before (and a certainty that it had been thought of before) but I didn't know any specifics of anyone pulling it off.

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