Oh, the fantasies of what you would do if you were a lottery winner. It’s sufficient to get you through a work shift while you argue with your coworkers at the desk about what to do with the winnings.
Perhaps you would immediately board a plane and leave the UK for Australia, or perhaps you are the type of person who would donate the most of the money to charity.
However, you most likely only ever dream of winning the lottery once, regardless of what your dreams are.
On the other hand, this guy won it a staggering 14 times. Now consider what you could accomplish if you repeatedly won the lottery.
Given how difficult it is for you to win it only once, it nearly seems impossible.
But instead of us depending on luck and our mother’s birthday, Stefan Mandel “beat the system” with some simple arithmetic.
The Romanian mathematician developed a brilliant technique that made him and many others extremely wealthy.
Mandel teamed up with a group of investors to create a syndicate known as the International Lotto Fund, which focused on a number of lotteries around the world.
‘Combinatorial condensation’ is the name the economist gave to his idea in an old YouTube interview.
“Theoretically, anybody can buy all the possible combinations,” he stated. “Any girl or male in high school can figure out such combos.”
“Nobody has ever developed a logistical system to lodge such a large amount of play slips. We were the only winners and that was it.”
For instance, consider the lottery in Virginia, USA. Mandel determined that there were 7,059,052 possible combinations when players selected six digits between 1 and 44.
To make things even better, this game allowed players to print their play slips and coupons at home. This allowed Mandel and his group to accomplish this without raising any red flags, even though what they were doing was completely legal.
In February 1992, they received $900,000 in extra prizes for the tickets that came in second, third, fourth, and so on, in addition to the $27 million jackpot.
Authorities became suspicious of this scheme, and an Australian investigator contacted the Virginia Lottery to advise them not to make the payout.
They accused Mandel of money laundering together with his syndicate. They discovered, however, that the squad had done nothing improper.
Mandel reportedly “retired from the lottery” and currently resides in Vanuatu. “I’m a man who takes risks, but in a calculated way,” he stated in an interview with the Romanian daily Bursa in 2012.
“Trimming my beard is a lottery: There is always the possibility that I’ll cut myself, get an infection in my blood and die — but I do it anyway. The chances are in my favour.”
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