Can Buying a Lotto Ticket Be a Rational Investment?
Let me ask you something.
If you answered yes to these questions stop playing lottery until you have finished this training. You are flushing dollars down the toilet.
Here's the Solution...
Let me introduce you to the only systems known to increase the expected value of every lotto ticket you buy. Whether you play Power Ball, Mega Millions, Euro Millions or your state lotto this was created specifically for you.
I am Dr. Scott Brown. I hold a Ph.D. in finance from the University of South Carolina and am an active academic researcher as a professor of finance of the University of Puerto Rico. I have assembled a team of experts to help you make the best bets in lotto.
These professors are from Duke, University of Chicago, University of British Columbia, and the Massachusetts Institute of Technology, etcetera. Here’s how you benefit from our knowledge,
This is just a sample of the many benefits of this training. My students are simply amazed,
“I became fascinated with lotto when studying tax class as a law student at Texas Tech. When Scott showed me how to increase the expected value of my tickets with unpopular numbers he made me a believer. I use what I learned from this training to have a lotto ticket in play 356 days a year as a rational investment beyond opportunities our tax free and deferred retirement accounts cannot offer after fully contributing. Leave it to Doc Brown to find a way to create a potentially lifestyle transforming investment out of what other people chase haphazardly as a whimsical fantasy. Amazing!” -Daniel Hall, J.D.; Real Fast Results, Austin, Texas
Enroll right now.
Every week that passes without this training is more money needlessly flushed down the toilet. Satisfaction guaranteed.
Enroll post haste.
Warning: The guide to lottery scams and lotto guru morons alone is vital to your financial health --- get this now or go broke. This course is revised without warning. If you like what you see enroll now. -Doc Brown
Here is why this course is so important! The E-book is also up on Amazon but you get it as a free bonus to this course here. When Daniel says "book" he also means this course.
I am Dr. Scott Brown. I hold a Ph.D. in finance from the University of South Carolina. I am a professor of finance of the AACSB accredited Graduate School of Business of the University of Puerto Rico.
Economics professor Gerald Willmann of Stanford University explains that Moses was the first known to use a lottery to distribute land as lots. Read his article “The History of Lotteries” from 1999 for more. The term is still used in real estate to designate a parcel of land.
The lottery fell out of favor and was abolished by November of 1793 in the aftermath of the French revolution. But the demand to play did not fall and players bought tickets in foreign lotteries such as that of nearby Cologne in Germany.
The first German lottery was held in 1470 in Augsberg. Then came one in Strasburg (1473), Erfurt (1477), Gemünden in 1480, and various in Nürmberg in 1487. Frankfurt on Main held a lottery in 1506 and another in Osnabrück in 1521.
Finance Professor Richard Thaler of University of Chicago Booth and Bill Ziemba of the University of British Columbia published a useful article that helps explain why people play lottery — a game that returns 50 cents on the dollar at best. They discuss the strategy of playing “against the crowd” in lotto.
Between 15 and 20 of the numbers are unpopular. Professor Ziemba explains that lotto players frequently pick “lucky” numbers.
Thaler and Ziemba ask the question, does it ever pay to buy all the numbers and hence “steal the pot”? This would only be profitable if there is a large carryover such as $7.7 million on a 6/49 lotto game where few tickets are sold.
Flash forward twenty-three years to 2011. Professors Rose Baker and Ian McHale published a paper in the Journal of the Royal Statistical Society entitled “Investigating the behavioural characteristics of lottery players by using a combination preference model for conscious selection.” You can tell it is British.
The pari-mutuel gambling game of Lotto is one of long odds and large jackpots as explained by economics professors Philip Cook and Charles Clotfelter of Duke University in the top ranked American Economic Review. This is by far the most prestigious academic study of lottery in print.
As the jackpot expands and the likelihood of sharing the jackpot rises. But the likelihood of sharing rises slower than the jackpot size as new players buy into the game.
The article I last explained from the American Economic Review by Cook and Clotfelter (1993) points out a very dangerous inclination, “Many players do not accept the scientific view of chance but rather believe that the probability of choosing a winning combination in a lottery game can be improved though the application of skill and effort. This belief is evidenced by the active market in advice for choosing lottery numbers, offering everything from numerology texts to news articles that explain what system the latest winner was using.”
This section delves deep into exploring this very real problem through a book by Samuel G. Allen entitled “A Player’s Guide to Lotto Strategies.”
The hardest task I ever set myself to in my life was my doctoral dissertation in market microstructure of the grain futures markets trading across the CBOT. The academic researcher whom I hold in the highest regard in lottery research is Iliya Bluskov. Iliya struggled through a Ph.D. in mathematics working to perfect the optimal lottery wheel.
The main intent behind this system is to make your lotto play more fun. Bluskov wheeling allows you to involve other members of your circle of family and friends.
Instead of quilting you can invest the same amount of time and money to creating and running a lottery syndicate. You would do this using the 126 systems in the book by Bluskov.
Bluskov shows you your expected returns through nifty win tables. Lotto is a very large but closed system of number combinations. The table for each Bluskov system includes a table that gives the distribution of wins in all possible draws. Bluskov systems are well balanced in that almost all the numbers you choose will be nearly equally represented.
You can’t incorporate a lottery pool because it is a hobby not a business. And you can only deduct losses up to winnings.
Lottery and Taxes
"There is no one like you that I know of who is this transparent, that is what makes your service and education so valuable. Please keep on." -L.B. A Washington State Stock Investor
Dr. Scott Brown and “Intelligent Investing” — helping you get the most out of your hard earned investment capital.
As an investor, I have spent over 35 years reading anecdotal accounts of the greatest investors and traders in history. My net worth has grown dramatically by applying the distilled wisdom of past giants.
I have researched and tested what works in the world’s most challenging capital markets — and I teach you every trick I know in my Udemy courses!
>>>Learn from leading financial experts!
>>> How about discovering how I have tripled family member’s accounts in six years with simple stock picks?
>>> Want to master set and forget limit stop loss tactics for sound sleep?
>>> Does Forexinterest you?
>>>Is your employer sponsored 401(k) plan optimized?
>>>Do you know the fastest rising highest dividend yielding common stock shares in the market today?
>>> High roller? How would you like to know how to dramatically lever your savings with deep-in-the-money call options?
Enrollin my Udemy courses — you can prosper from all of this — plus much, much more now!
(In the last six years we have exploded our net worth and are absolutely debt free, we live a semi-retired Caribbeanlifestyle in atriple gatedupscale planned community from a spacious low maintenance condo looking down on our tropical beach paradise below).
My Curriculum Vitae:
Investment Writing and Speaking:
I am an internationalspeaker oninvestments. In 2010 I gave a series of lectures onboard Brilliance of the Seas as a guest speaker on their Mediterranean cruise. Financial topics are normally forbidden for cruise speakers. But with me they make an exception because of my financial pedigree.
On day 6 the topic I discussed was “Free and Clear: Secrets of Safely Investing in Real Estate!“ The day 7 topic was “Investment Style and Category: How the Stock Market Really Works!” Then on day 8 I spoke about “The 20% Solution: How to Survive and Thrive Financially in any Market!” The final talk on day 11 was “Value Investing for Dummies: When Dumb Money is Smart!”
Gina Verteouris is the Cruise Programs Administrator of the Brilliance of the Seas of Royal Caribbean Cruise Lines. Regarding my on-board teachings she writes on June 19th, “You have really gone above and beyond expectations with your lectures and we have received many positive comments from our Guests.”
I sponsored and organized an investing conference at Caesars Palace in Las Vegas in 2011 under my Wallet Doctor brand. This intimate conference was attended by 14 paying attendees.
As such many strides were made in financial education that week. For instance I met a woman who is a retired engineer from the Reno, Nevada area.
She made a fortune on deep in the money calls during the bull markets of the 90s.
This humble and retired engineer inspired me to look more seriously at deep in the money calls with far expiration. She also gave me an important clue regarding trading volume.
Her call option and volume insights have been confirmed in the Journal of Finance.
In 2012 I gave a workshop at the FreedomFest Global Financial Summit on stock investing at the Atlantis Bahamas Resort. I was also a panelist on a discussion of capital markets.
My course “How to Build a Million Dollar Portfolio from Scratch" at the Oxford Club is an international bestseller. In 2014 I co-authored “Tax Advantaged Wealth” with leading IRS expert Jack Cohen, CPA. This was the crown jewel of the Oxford Club Wealth Survival Summit.
I have been a regular speaker at the Investment U Conferences.
In 2012 I gave a workshop entitled “How to Increase Oxford Club Newsletter Returns by 10 Fold!” The conference was held at the Grand Del Mar Resort in San Diego, California. This resort destination is rated #1 on TripAdvisor.
In 2013 I spoke at the Oxford Club’s Investment U Conference in San Diego California. The talk was entitled “The Best Buy Signal in 103 Years!” Later in the summer I spoke at the Oxford Club Private Wealth Conference at the Ojai Valley Inn.
This was at the same time that Jimmy Kimmel married Molly McNearney in the posh California celebrity resort. It was fun to watch some of the celebrities who lingered.
I also operate a live weekly investment mentorship subscription service under the Bullet-Proof brand every Monday night by GoToWebinar.
I am an associate professor of finance of the AACSB Accredited Graduate School of Business at the University of Puerto Rico. My research appears in some of the most prestigious academic journals in the field of investments including the Journal of Financial Research and Financial Management. This work is highly regarded on both Main Street and Wall Street. My research on investment newsletter returns was considered so important to investors that it was featured in the CFA Digest.
The Certified Financial Analyst (CFA)is the most prestigious practitioner credential in investments on Wall Street.
Prestigious finance professor Bill Christie of the Owen School of Business of Vanderbilt University and then editor of Financial Management felt that our study was valuable to financial society. We showed that the average investment newsletter is not worth the cost of subscription.
I am the lead researcher on the Puerto Rico Act 20 and 22 job impact study. This was signed between DDEC secretary Alberto Bacó and Chancellor Severino of the University of Puerto Rico.
(See Brown, S., Cao-Alvira, J. & Powers, E. (2013). Do Investment Newsletters Move Markets? Financial Management, Vol. XXXXII, (2), 315-338. And see Brown, S., Powers, E., & Koch, T. (2009). Slippage and the Choice of Market or Limit orders in Futures Trading. Journal of Financial Research, Vol. XXXII (3), 305-309)
I hold a Ph.D. in Finance from the AACSB Accredited Darla Moore School of Business of the University of South Carolina. My dissertation on futures market slippage was sponsored by The Chicago Board of Trade. Eric Powers, Tim Koch, and Glenn Harrison composed my dissertation committee. Professor Powers holds his Ph.D. in finance from the Sloan School of Business at the Massachusetts Institute of Technology [MIT]. Eric is a leading researcher in corporate finance and is a thought leader in spin offs and carve outs.
Dr. Harrison is the C.V. Starr economics professor at the J. Mack Robinson School of Business at Georgia State University.
He holds his doctorate in economics from the University of California at Los Angeles. Glenn is a thought leader in experimental economics and is the director of the Center for the Economic Analysis of Risk.
Tim Koch is a professor of banking. Dr. Koch holds his Ph.D. in finance from Purdue University and is a major influence in the industry.
My dissertation proved that under normal conditions traders and investors are better off entering on market while protectingwith stop limit orders. The subsequent article was published in the prestigious Journal of Financial Research now domiciled at Texas Tech University — a leading research institution.
I earned a masters in international financial management from the Thunderbird American Graduate School of International Business. Thunderbird consistently ranks as the #1 international business school in the U.S. News & World Report, and BloombergBusinessWeek.
I spoke at the 2010 annual conference of the International Association of Business and Economics (IABE) conference in Las Vegas, Nevada. The research presented facts regarding price changes as orders flow increases in the stock market by advisory services.
I spoke at the 2010 Financial Management Association [FMA] annual conference in New York on investment newsletters. The paper was later published in the prestigious journal “Financial Management.”
I presented an important study named “Do Investment Newsletters Move Markets?” at the XLVI Annual Meeting of the Consejo Latinoamericano de Escuelas de Administración (CLADEA) in 2011 in San Juan, Puerto Rico. The year before that I presented my futures slippage research at a major renewable energy conference in Ubatuba, Brazil.
I spoke at the Clute International Conferences in 2011 in Las Vegas, Nevada. The research dealt with the price impact of newsletter recommendations in the stock market.
I presented a working paper entitled “The Life Cycle of Make-whole Call Provisions” at the 2013 Annual Meeting of the Southern Finance Association in Fajardo, Puerto Rico in session B.2 Debt Issues chaired by Professor LeRoy D. Brooks of John Carroll University. Luis Garcia-Feijoo of Florida Atlantic University was the discussant. I chaired the session entitled “Credit And Default Risk: Origins And Resolution.” Then I was the discussant for research entitled "NPL Resolution: Bank-Level Evidence From A Low Income Country" by finance professor Lucy Chernykh of Clemson University and Abu S Amin of Sacred Heart University and Mahmood Osman Imam of the University of Dhaka in Bangladesh.
That same year I presented the same study to the Annual Meeting of the Financial Management Association in Chicago, Illinois. I did so in session 183 – Topics in Mergers and Acquisitions chaired by James Conover of the University of North Texas with Teresa Conover as discussant. I chaired session 075 – Financial Crisis: Bank Debt Issuance and Fund Allocation. Then I was the discussant for TARP Funds Distribution: Evidence from Bank Internal Capital Markets by Elisabeta Pana of Illinois Wesleyan University and Tarun Mukherjee of the University of New Orleans.
I am a member of the MBA Curriculum Review Committee, the MBA Admissions Committee, The Doctoral Finance Admissions Committee, the Graduate School Personnel Committee, and the Doctoral Program Committee of the School of Business of the University of Puerto Rico.
I am the editor of Momentum Investor Magazine. I co-founded the magazine with publisher Daniel Hall, J.D. We have published three issues so far. Momentum Investor Magazine allows me to interview very important people in the finance industry. I interview sub director Suarez of the DDEC responsible for the assignment of Puerto Rico act 20 and 22 licenses for corporate and portfolio tax reduction in the third edition. Then I interview renowned value investor Mohnish Prabia in the upcoming fourth edition — to be made available via Udemy. Valuable stock market information will be taught throughout.
In October of 2010 I arranged for the donation to The Graduate School of Business of the University of Puerto Rico of $67,248 worth of financial software to the department that has been used in different courses. This was graciously awarded by Gecko Software.
I have guided thousands of investors to superior returns. I very much look forward to mentoring you as to managing your investments to your optima! –Scott
Dr. Scott Brown, Associate Professor of Finance of the AACSB Accredited Graduate School of Business of the University of Puerto Rico.