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To: Drew68

Spends $120,000 an HOUR to win $100,000 for the whole day.

Yeah.... that’s how he got rich.


7 posted on 10/09/2017 9:19:30 PM PDT by UCANSEE2 (Lost my tagline on Flight MH370. Sorry for the inconvenience.)
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To: UCANSEE2

Three authors and not one spotted that?


9 posted on 10/09/2017 9:30:51 PM PDT by ProtectOurFreedom
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To: UCANSEE2
"Spends $120,000 an HOUR to win $100,000 for the whole day."

I don't think he spent $120,000/hour. I think he gambled $120,000/hour on a machine with good, published odds.

Example: If the machine gave a 3% advantage to the house, he might expect -- on average -- to keep 97% of the input and lose 3% of the input.

3% of $120,000 is $3600.

So he would probably spend about $3600 to earn $100,000.

10 posted on 10/09/2017 10:18:48 PM PDT by UnwashedPeasant (I told you so)
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To: UCANSEE2

Spends $120,000 an HOUR to win $100,000 for the whole day.

Yeah.... that’s how he got rich.

...

The way I understand the article is that he beat the casino by losing a bit of money on the machine so he could win the drawing.


33 posted on 10/10/2017 10:58:49 AM PDT by Moonman62 (Make America Great Again!)
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