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important lessons for advantage players

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The story of Stefan Mandel and his lottery syndicate has had long-lasting impacts on the world of lotteries. In many ways, the aftermath of this historic event highlights two important lessons for advantage players. 1 – Don’t expect casual observers to understand your strategy 2 – Don’t expect opportunities to remain unchanged In the media storm that kicked off immediately after the International Lotto Fund’s victory, a false story circulated that the syndicate was involved in money laundering and other black-market operations. This led to baseless speculation that the jackpot would not be paid and that the “investors” had been defrauded. As is common in high-profile lottery wins, authorities became involved; however, their investigations lasted only a few weeks. Despite urban legends that claim the investigations lasted for years, Mr. Mandel’s commitment to using legitimate accounting firms helped quickly dispel any questions. Virtually every aspect of Stefan Mandel’s arrangement was misrepresented at some point. Even the obvious and necessary step of liquidating the jackpot has provoked uninformed rumors. At the time of his win, the Virginia Lottery was only paying jackpots as annuities. Clearly, for the International Lotto Fund’s business model to work, they needed to cash out the annuity. However, some have claimed that when Stefan Mandel did so, that he was somehow doing something inappropriate (even though companies advertise this service continuously on daytime television). When everything was complete, each of the 2,500 syndicate members received about $1,400. Here is another situation where ill-informed journalists misrepresented the truth. They sparked outrage by claiming the $4,000 commission explained above was actually cash that the members had placed at risk. By this logic, it appeared that syndicate members had lost money. In truth, the commission didn’t belong to the syndicate members and the $1,400 was in addition to what they earned through their insurance policies. The implications for lotteries affect the ways we play today. First, most lotteries specifically forbid the use of computer-printed playslips. Players are required to manually fill out playslips. Second, lotteries have instituted a number of methods to prevent players from buying tickets in bulk. For instance, ticket sales for an individual lottery vendor are sometimes capped based on historical sales. Finally, many lotteries that generate multi-million-dollar jackpots have far more than the 7 million possible number combinations that the Virginia Lottery offered. Perhaps the most important lesson comes from Mr. Mandel’s own experiences. Becoming internationally known for winning 14 lottery jackpots attracts more than its fair share of negative attention. Mr. Mandel was forced to withdraw from playing the lottery due to extortion letters he received and threats to his family. Syndicate members were disappointed because they had expected to continue to receive lottery winnings. Every personal up and down becomes fodder for lurid lottery tales. After all these years would Stefan Mandel do it all over again? Does he have anything he wishes he has done differently? And most importantly, does he have any secrets to share with others? We all look forward to the publication of his book! #Playthelotteryrightnow

important lessons for advantage players.The story of Stefan Mandel and his lottery syndicate has had long-lasting impacts on the world of lotteries.  In many ways, the aftermath of this historic event highlights two important lessons for advantage players. 1 –…

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Mysterious lottery winners

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Mysterious lottery winners

Mysterious lottery winners.Unclaimed lottery wins may seem a bit confusing. The chances are we’ve all spent hours dreaming about, and discussing, how we’d spend huge sums of money won on a lottery. With that in mind, you’d expect people to…

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Join a syndicate this week

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Join a syndicate this week

Join a syndicate this week.If you aren’t a part of a syndicate yet,then you better consider joining one.With this week huge jackpot sizes currently on offer in two of the biggest US lottery jackpot like Powerball and MegaMillions,than you better…

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