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wedrifid comments on Harry Potter and the Methods of Rationality discussion thread, part 13, chapter 81 - Less Wrong
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And naturally he'd start off with seed money from a single lottery win. More than one would start getting suspicious but if he picks the largest paying lottery out there when it has rolled over to jackpot a few times that gives him enough to start the ball rolling.
Most muggleborns may not be able to do calculus, but they know about lotteries. The ministry would keep tabs on this stuff.
Which is why he wouldn't win top prize - 5/6 numbers is usually a couple hundred grand, that's tons of seed money.
If he picked the right lottery he'd only need to do that once, period. There are many lotteries paying out well over two million pounds... But I suspect Locke is right on this count.
By a couple of orders of magnitude (highest in the UK was 150m or so pounds, US has gone up to $390M).
The National Lottery didn't start until 1994. I'm reasonably sure there were such things you could win big on, but I don't think there were any you could win that big on.
'91 pounds?