Rule #1...

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Rule #1...

Post by Tall Tyrion on Wed Jul 22, 2009 6:45 pm

The house always wins...

Couple lose despite backing every greyhound

A married couple took almost 47,000 in cash to back every dog at a greyhound track but what they thought to be a foolproof strategy turned out to have a crucial flaw.

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Tall Tyrion

Posts : 8576
Join date : 2008-08-20
Age : 48
Location : New Mexico, USA

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Re: Rule #1...

Post by steven pirie on Thu Jul 23, 2009 4:17 am

Clearly they didn't think that through. Either that or they felt their only gamble was against the multiple winner scenario - which, of course, they lost.

The failing in that strategy was well documented the first time we had a rollover on the UK lottery. The idea was touted that anything over 13 million or so (the odds of winning the jackpot being 13 million to 1) would yield an easy profit for anyone with 13 million to spare.

Luckily, I'd put my own 13 million down somewhere with my keys - and you know you can never find keys... Smile

steven pirie

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