The Irish Lotto has just been not-won yet again. Saturday’s draw will exceed €15 million.
I calculate that there are 8,145,060 possible combinations of numbers. Each panel costs €1.50 to play. So the cost of buying every possible ticket is €12,217,590, which will guarantee that you win the jackpot (and lots of smaller prizes). That’s a tidy profit of around €3 million, or a return on investment of around 25%.
Admittedly there would be some costs involved in obtaining all those tickets. At a maximum of 8 panels per ticket, you’d need to submit 1,018,133 entry slips. I recommend using a computer and a high-speed printer to print entry slips. If we guess that a Lotto machine takes an average of 10 seconds to process each entry, it would take over 2,828 hours to submit them all. If you started now (midnight on Wednesday), you would need 42 Lotto machines running flat out. Better bribe some shop owners to close for a few days.
Of course, there is one potential flaw in the plan…
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