{"id":714,"date":"2011-08-09T10:25:56","date_gmt":"2011-08-09T14:25:56","guid":{"rendered":"http:\/\/blog.carlrobitaille.org\/?p=714"},"modified":"2011-08-09T10:25:56","modified_gmt":"2011-08-09T14:25:56","slug":"a-game-with-a-windfall-for-a-knowing-few","status":"publish","type":"post","link":"https:\/\/blog.carlrobitaille.org\/?p=714","title":{"rendered":"A game with a windfall for a knowing few"},"content":{"rendered":"<p><a href=\"http:\/\/articles.boston.com\/2011-07-31\/news\/29836200_1_lottery-tickets-claim-prizes-massachusetts-state-lottery\">boston.com: A game with a windfall for a knowing few<\/a><\/p>\n<p>Via: <a href=\"http:\/\/www.canadiancapitalist.com\/this-and-that-stock-markets-lotteries-and-more\/\">canadiancapitalist.com: This and That: Stock Markets, Lotteries and more\u2026<\/a><\/p>\n<blockquote><p>Over the next three days, Selbee bought $307,000 worth of $2 tickets for a relatively obscure game called Cash WinFall, tying up the machine that spits out the pink tickets for hours at a time. Down the road at Jerry\u2019s Place, a coffee shop in South Deerfield, Selbee\u2019s husband, Gerald, was also spending $307,000 on Cash WinFall. Together, the couple bought more than 300,000 tickets for a game whose biggest prize &#8211; about $2 million &#8211; has been claimed exactly once in the game\u2019s seven-year history.<\/p><\/blockquote>\n<blockquote><p>Mark Kon, a professor of math and statistics at Boston University, calculated that a bettor buying even $10,000 worth of tickets would run a significant risk of losing more than they won during the July rolldown week. But someone who invested $100,000 in Cash WinFall tickets had a 72 percent chance of winning. Bettors like the Selbees, who spent at least $500,000 on the game, had almost no risk of losing money, Kon said.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>boston.com: A game with a windfall for a knowing few Via: canadiancapitalist.com: This and That: Stock Markets, Lotteries and more\u2026 Over the next three days, Selbee bought $307,000 worth of $2 tickets for a relatively obscure game called Cash WinFall, &hellip; <a href=\"https:\/\/blog.carlrobitaille.org\/?p=714\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-714","post","type-post","status-publish","format-standard","hentry","category-mathematiques"],"_links":{"self":[{"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=\/wp\/v2\/posts\/714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=714"}],"version-history":[{"count":1,"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=\/wp\/v2\/posts\/714\/revisions"}],"predecessor-version":[{"id":715,"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=\/wp\/v2\/posts\/714\/revisions\/715"}],"wp:attachment":[{"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.carlrobitaille.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}