+ Reply to Thread
Results 1 to 4 of 4

Thread: How Math-Savvy Joan Ginther Beat The Lottery

  1. #1

    Default How Math-Savvy Joan Ginther Beat The Lottery

    How lottery legend Joan Ginther used odds, Uncle Sam to win millions

    Basic gambling principles go a long way toward explaining why
    Joan Ginther bet enormous sums on high-priced scratch-off games.



    Joan Ginther wasn’t necessarily lottery loco. Maybe it wasn’t a case of dumb luck, but smart luck.

    She may have purchased at least 80,000 pricey tickets worth $2 million or more, according to expert analysis of 28 instant prizes she won, including three totalling $15 million.

    If she also was the source of two dozen lesser wins by her friend Anna Morales, Ginther might have spurred the purchase of as many as 100,000 tickets worth $3.3 million.

    Sure sounds crazy.

    Why would Joan Ginther, a math-savvy woman with a Ph.D. from Stanford, leave her home in Las Vegas, a block from three casinos, to devote countless hours to lottery longshots?

    No answers were available from Ginther, who never responded to a series of interview requests, or Morales, who declined to speak. And months of painstaking analysis of Texas Lottery records cast doubt on the most common suspicions.

    A simpler theory surfaced: The costs and odds in the games she played weren’t so wild after all.

    That $3.3 million in tickets may have only actually cost about $1 million, thanks in part to Uncle Sam. And her chances were sometimes at least four times better than the published odds, thanks in part to player-friendly websites.

    If she was winning, without damaging her interpersonal relationships, the term for her isn’t “pathological,” it’s “professional,” said Tim Fong, co-director of UCLA’s Gambling Studies Program.

    >> PARTS 1-3: http://www.philly.com/philly/news/lo...265261001.html
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  2. #2

    Default

    She's a gambler.

  3. #3

    Default

    It appears she had +EV, no?
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  4. #4
    Join Date
    Jul 2016
    Posts
    614

    Default

    Based on my multiple readings of many stories, she had absolutely sick EV and that EV was almost guaranteed, due to other friendly procedures she employed...

+ Reply to Thread

Similar Threads

  1. Won the Lottery
    By Katz in forum Site Announcements & Questions
    Replies: 4
    Last Post: January 15th, 2016, 03:35 AM
  2. Bashar on Winning the Lottery
    By Katweezel in forum Science & Philosophy
    Replies: 0
    Last Post: March 25th, 2013, 10:11 PM
  3. Hey, I just won the Microsoft Lottery
    By Katweezel in forum Anything Else But
    Replies: 0
    Last Post: September 25th, 2011, 07:55 AM
  4. Drug Lord Wins Lottery
    By Brutus in forum ZenZone General Discussion
    Replies: 7
    Last Post: March 18th, 2008, 09:08 PM
  5. Win the Lottery and Die Early!
    By zengrifter in forum ZenZone General Discussion
    Replies: 0
    Last Post: January 13th, 2007, 12:21 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts