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Who won the lottery 7 times?

Richard Lustig was an American man who came to prominence for winning relatively large prizes in seven state-sponsored lottery games from 1993 to 2010.

en.wikipedia.org - Richard Lustig - Wikipedia
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Richard Lustig was an American man who came to prominence for winning relatively large prizes in seven state-sponsored lottery games from 1993 to 2010. His prizes totaled over $1 million. He wrote Learn How To Increase Your Chances of Winning the Lottery.[1][2][3][4]

Life [ edit ]

Lustig lived in Orlando, Florida, where he had a career as an entertainment booking agent. He died in 2018 at age 67.[5][6]

Publicity [ edit ]

Lustig's seven lottery wins has been featured on the financial web site CNN Money.[7] His book Learn How to Increase Your Chances of Winning the Lottery was ranked #3 on Amazon's self-help book list in 2013.[2] In an interview with ABC News, Lustig explained that his method is to re-invest all of his winnings back into the lottery.[2][8] He also recommends using hand-picked sequential numbers and using the same numbers repeatedly.[9] Personal finance author Zac Bissonnette has characterized Richard Lustig's recommendations as "dangerous",[10] further noting the odds of winning any lotto prize are low and Lustig's advice to play sequential numbers is statistically inferior to selecting random numbers for each drawing. Financial journalist Felix Salmon wrote that given Lustig's habit of using much of his winnings to buy more lotto tickets, it is unclear if he has kept more in prize money than he spent on lotto tickets: "[Lustig] never actually comes out and says that he’s a net winner."[11] CNN Money took their video down after a "firestorm of criticism."[12]

Wins [ edit ]

Lustig's total wins amount to a value of $1,052,205.58[13] (before taxes). Two of those wins were holidays rather than cash prizes, valued at $8,560.66 total. His first win was in 1993, and the last one in 2010:

Win 1: $10,000 – January 1993 (scratch-off ticket)

Win 2: $13,696.03 – August 1997 (Florida Fantasy 5)

Win 3: "Wheel of Fortune" Holiday trip to Los Angeles – June 2000 (valued at $3,594.66) (scratch-off ticket "2nd chance drawing") Win 4: Elvis Holiday trip to Memphis – October 2001 (valued at $4,966) (scratch-off ticket "2nd chance drawing")

Win 5: $842,152.91 – January 2002 (Florida Mega Money)

Win 6: $73,658.06 – November 25, 2008 (Florida Fantasy 5)

Win 7: $98,992.92 – August 9, 2010 (Florida Fantasy 5)

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Can sports betting be a career?

Sports betting can be a career if you make it your full-time job and put in the hours. While only a small percentage of sports bettors are profitable in the long run, it's possible to become one of those individuals.

Can sports betting be a career?

Yes. Sports betting can be a career if you make it your full-time job and put in the hours. While only a small percentage of sports bettors are profitable in the long run, it's possible to become one of those individuals. First, you need to follow the basics.

Set a bankroll

Study

Shop Odds

Don't trust others

Grow Your Bankroll

If you can turn a profit after a certain amount of time, the next step is to gradually grow your bankroll. If you continue to have success betting on sports, it's not going to be a one bet and you're done kind of thing. It's important to abide by the unit rule and limit wagers from one to five units per bet. Just because you really like one matchup doesn't mean you should put all of your money into it. Successful bettors steadily grow their bankrolls and don't fall into the trap of becoming overconfident.

It's not easy, but it's possible

While you can become a full-time sports bettor, getting "rich" is another story and one that's unlikely to happen no matter how successful you become. To turn a positive, you have to hit more than 52.4% of your bets, though that depends on what kind of odds you're getting. It may be possible to hit more than 60% for a season, but doing that consistently, year-after-year, is another question. No matter how good a bettor is, they will likely hit a cold streak at some point in their lives, which takes a chunk out of their bankroll, which is why it's important to limit your action on every bet.

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