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Gambling With an Edge - guest William Ziemba

Gambling With an Edge

00:00

How to Win a Lottery

I was the consultant for many years or BC Lottery Commission. The advantage is mostly in the bigger prizes which have low probability of winning. Unpopular numbers are what you play? So some of the numbers are unpopular because people don't play them so if you play the unpopular numbers your advantage goes up. I actually talked to Thorpe about possibly doing it We didn't do it, but we could have done it and it was there for six weeks. That's Adventures of a modern Renaissance academic in investing in gambling.

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