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The latter: Buy a lot of tickets (which aren't tracked transactions, so there's no saying how much dirty money you spent), and lose N% of it to the "house". Ta
by ergothus 10y ago
The latter: Buy a lot of tickets (which aren't tracked transactions, so there's no saying how much dirty money you spent), and lose N% of it to the "house". Take your winnings (and if you buy scratch tickets, you should be relatively statistically safe) and it's "clean".
Of course, I've read that the scratch tickets systems are often flawed, and with some you can calculate if it's a winner by examining the serial numbers. That means you have various ways to cheat the system to give you better odds, but the reference I just found to that is a wired article, so take with salt. Pretty believable though.
http://www.wired.com/2011/01/ff_lottery/ http://www.wired.com/2011/01/ff_lottery/ (anecdotes about laundering and odds being beaten are past the 50% mark, but the whole article is worth a read)
- buzzdenver 10y agoIn most of the US states the expected value of your winnings is less than 50 cents for every dollar you spend. That's a steep price for ML.
- jandrese 10y agoOn the other hand, the "lost" income goes to schools and roads so it's kind of like just paying tax on the income.
- joshstrange 10y agoEhh... I wouldn't be too sure about that https://www.youtube.com/watch?v=9PK-netuhHA https://www.youtube.com/watch?v=9PK-netuhHA
- tomjen3 10y agoThe Danish scratch tickets are 60%, but you can go much better with sports.