DailyDirt: Beating The Odds
from the urls-we-dig-up dept
Everyone knows that the odds always favor the house, but every once in a while, someone figures out a way to beat the system. Here are just a few examples of clever folks who have succeeded and earned some significant winnings.
- There are a lot of guys named Don Johnson (not just the actor from Miami Vice), but one of them beat the casino odds by negotiation… and has become the most famous blackjack player in the world. So far, he’s won about $15 million in Atlantic City (and he’s been banned from a lot of casinos now). [url]
- Michael Larson studied the game show, Press Your Luck, and figured out that the show’s Big Board wasn’t random. Larson won $110,237 in cash and prizes — which stood as a record for game show winnings until 2006 when it was broken on The Price is Right. [url]
- Mohan Srivastava usually consults as a geological statistician, but he applied his statistical insights to scratch-off lottery tickets — and figured out that he could make about $600 per day. He’s not the only one who has discovered design flaws in scratcher tickets, so there could be more lotteries out there with crackable security. [url]
- To find more interesting stuff on entrepreneurship, check out what’s currently floating around the StumbleUpon universe. [url]
By the way, StumbleUpon can recommend some good Techdirt articles, too.