Spends $120,000 an HOUR to win $100,000 for the whole day.
Yeah.... that’s how he got rich.
Three authors and not one spotted that?
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.
Spends $120,000 an HOUR to win $100,000 for the whole day.
Yeah.... thats 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.