When there are millions of possible combinations for a lottery ticket then, well, you’d need to buy a lot of lottery tickets if you want to be in with a good chance of taking home the jackpot.
And that’s exactly what one Romanian economist named Stefan Mandel did, with the help of investors and a syndicate – named the International Lotto Fund or ILF - which saw them win a total of 14 lotteries around the world.
In an interview available on YouTube, Mandel explained: “Theoretically, anybody can buy all the possible combinations. Any high school boy or girl can calculate those combinations.
“Nobody has ever developed a logistical system to lodge such a large amount of play slips.
What was also a good thing was that Virginia allowed individuals to purchase tickets and print them at home, making it a lot less inconvenient and awkward than doing it at a cashier – they only needed 30 computers.
It was in February 1992 that his syndicate went for a jackpot of $27m, and because they had done every ticket imaginable, they scooped up $900k in additional prizes for the tickets which placed second, third, fourth and so on.
14 international agencies investigated him and the ILF – including the CIA and FBI – but both were cleared of any wrongdoing.
And where is Mandel now? Well, according to The Hustle, he’s apparently spending his days in a beach house on a remote island off the coast of Australia.
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