4/29/2024 0 Comments Michigan daily 3 4 lottery![]() ![]() But, the Selbees had been playing by the rules. That triggered an investigation by the Inspector General. That's when a Boston newspaper started investigating locations where lottery tickets were being sold at an extraordinary volume. Then they would rent a motel room and go through each and every one of the 360,000 tickets, looking for winning numbers.Īfter nine years, the Selbees had grossed over $27 million in winning tickets – for a net profit of $7.75 million before taxes. Going as far as spending $720,000 on $2 dollar lottery tickets. So the Selbees traveled to Massachusetts every time there was a rolldown. But a friend alerted Jerry to another similar Winfall lottery in Massachusetts – nearly 700 miles away. After 12 weeks of big rolldown profits, the Winfall lottery was shut down, due to declining ticket sales. Then Jerry created a corporation called GS Investment Strategies and sold shares for $500-a-piece to friends and neighbours. The strategy became so profitable, the Selbees invited their six grown children to participate. He and Marge knew all the convenience store owners in the area, so they weren't bothered when the Selbee's would stand at a lottery machine for hours on end buying thousands of tickets. Except he had found a loophole.Īs it turned out, rolldowns would happen every six weeks. Jerry told her he wasn't doing anything illegal – he was just playing the game the way it was meant to be played. One night, while sitting around a campfire, Jerry let Marge in on his secret. Next, he purchased $8,000 worth of tickets and nearly doubled his money. Sorting through 3,600 tickets took hours, he made a $2,700 profit. When a "rolldown" was announced, he purchased $3,600 dollars in Winfall tickets. Though because the loophole logic was based on rudimentary arithmetic, he feared a lot of other people would figure it out, too. That meant his $1,100 investment would yield a $1,900 return, for a tidy profit of $800.Ħ4-year-old Jerry Selbee had a bachelor's degree in math, and he loved solving puzzles. Jerry quickly calculated that if he spent $1,100 on 1,100 tickets, odds are he'd have one four-number winner that would pay out $1,000, and at least 18 or 19 three-number winners that paid $900. That meant the money rolled down and was split between winners who matched just five, four or three numbers. Unlike other lotteries that keep building until there was a winner, once the Winfall jackpot reached $5 million – and no one had matched all six numbers to win – a "rolldown" would happen. He read it, and in less than three minutes, he spotted a loophole. One day in 2003, Jerry walked into the store they used to own and noticed a marketing brochure for a new state lottery called Winfall. They ran a convenience store for 17 years, then retired. Jerry and Marge Selbee lived in a small town in Michigan. ![]()
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