This is the method by which the Jewish economist who invented a genius formula won the lottery 14 times

Stefan Mendel, a Jewish economist of Romanian origin, managed to come up with a method that helped him predict 5 out of 6 lottery numbers.

He managed to raise investors and founded a company that made him a millionaire.

This is how he did it (and went to prison in Israel)

not to be missed

08/09/2018

Saturday, 08 September 2018, 00:10

• Share on Facebook

• Share on WhatsApp

• Share on Twitter

• Share by email

• Share in general

• Comments

  Comments

Voila system!

In the video - the woman who wanted to prove to her husband that the lottery is a waste of money - and won

Who among us hasn't once dreamed of a big lottery win that would fix him up in life and allow him to buy his dream house?

It takes a lot of luck to correctly guess all the lottery numbers and the probability of that is very low, but not for Stefan Mandel.

The Jewish economist born in Romania (who also immigrated to Israel at some point in his life) had a hard time making ends meet, until he found an ingenious formula that solved all his financial problems and allowed him to win the lottery.

The mathematical expert found a smart way in the 1950s after years of mathematical theories and research and managed to come up with an algorithm for choosing numbers based on a method he called "combination condensation".

Using this method, Stefan claims he can accurately predict five out of six winning numbers - reducing the number of possible lottery combinations from millions to just a thousand.

Dreaming of winning the lottery?

It turns out that there is a method for this (photo: ShutterStock, Shutterstock)

Along with several of his friends, Mandel took a huge risk and bought huge quantities of lottery tickets with the possible combinations of his formula that increased his chances.

He planned to win only the second prize, but managed to get his hands on the grand prize.

The win allowed him to leave communist Romania where he lived at the time and immigrate to Israel.

After a few years he moved to Australia - where he convinced a number of investors to pool their money to form a sort of syndicate that invested in his clever system, by which computers filled in the lottery tickets automatically and used all possible combinations of numbers (which was legally allowed in those days).

They have won the first prize 12 times and thousands more in lower prizes across Australia and the UK and have amassed millions of dollars worth of winnings.

In 1992 Stefan Mandel won a 27,036,142 jackpot, 6 second prizes, and 132 third prizes in one lottery by buying every lottery combination.

Over 5.5 million tickets.

All 44 states with lotteries have since changed their laws to prevent this.

pic.twitter.com/0mUYFUhWmp

— FactsPidia (@factspidia) November 20, 2021

The biggest win - $27 million in one lottery

Not surprisingly, the authorities that organize the lotteries got over their plot and changed the laws in Australia that prohibited the printing of tickets on computers and the buying of lottery tickets in bulk.

But Stefan had a backup plan.

He used the profit he made to place scouts around the US and with them he was able to determine which lottery would fit his next scheme.

In 1992 he focused on Virginia because there the range of numbers was between 1 and 44, which meant that the number of possible combinations was many lower than elsewhere - which of course increases his chances of winning. He started a formal company, convinced investors to pump in the necessary sum and employed 16 people in a warehouse in Melbourne to print millions of tickets. The method worked and they won the big prize again and many smaller prizes.

Watch the article in which Stefan Mandel explains the method

So what is his formula?

Experts estimate that this is how he did it

This is how Stefan Mendel won the lottery 14 times (photo: screenshot, THE HUSTLE)

At the time, there were 7.1 million lottery ticket combinations in Virginia.

Mendel calculated that he needed to wait until the jackpot reached $25 million or more before buying all possible combinations to ensure a win.

The operation took about three months: "They printed all 7.1 million tickets in Australia, paid $60,000 to ship them to the US, and negotiated with grocery stores all over Virginia on how they could buy tens of thousands of lottery tickets," explained one of his partners. . On the night of the lottery, Mendel was not worried at all. He knew that the first prize ($27 million) was his, and of course, he won it, along with the second and third prizes, and "thousands of small prizes". Afterwards, the lottery laws in the country were changed to prevent a similar move According to

lotterycritic

this was the last lottery he won - after he failed to find a similar formula in Gibraltar in 1995 and even tried in 2004 to do something similar in Israel, but failed and ended up in prison.

What happened when he tried it in Israel?

Gif Lotto (Photo: Giphy)

According to the businessinsider Mandel tried a similar fraud method in Israel as well, but failed.

According to reports from that time, the Magistrate's Court in Tel Aviv sentenced Mandel in 2004 to 10 months of actual imprisonment, 10 months of probation and a fine of NIS 100,000 after he was convicted of an offense according to the Securities Law, which concerned misleading a reasonable investor in regards to joining the association.

Mendel was also convicted of the offense of escaping from lawful custody.

In sentencing, Judge David Rosen noted that throughout the trial there was a cloud of "great fraud", a cloud that thickened with talk of fraud, misrepresentations and falsehoods, in which investors were lured to put their money in cash registers that were all under the control of the defendants.

According to the indictment, he and his partners worked to convince the public to join the ranks of the Mondragon Group in exchange for a financial investment.

In exchange for the investment of the funds, the defendants offered to those who joined to become members of the association and have the right to vote, 3 dunams of private land on the island of Vanuatu and 3 shares in the association's investment company.

Since he was released from prison, Mendel moved to live on a small island in the Republic of Vanuatu, in the southwest Pacific Ocean and as of 2020 he was living in London.

Mendel submitted a request for a retrial to the Supreme Court but it was rejected by Judge Hanan Meltzer in August 2019 because he fled Israel.

On the other hand, he allowed Stefan Mandel to return to Israel without being imprisoned for 30 days, since the prison sentence was imposed on him in absentia.

Can you also use his formula?

Mendel never agreed to reveal his formula.

He told the AP it would be "like Coca-Cola revealing its recipe to everyone."

In any case, according to Alex Goldmark, producer of an NPR lottery podcast, copying Mandel's strategy wouldn't work today—there are too many hurdles to overcome for it to be possible.

First, the number of possible combinations has become much larger since Mandel's last win.

In addition, it is no longer possible to print your own cards, or buy all the cards in time, let alone find the perfect formula that Mendel used.

A BusinessInsider reporter calculated in 2016 that 292 million tickets would be needed to win the lottery, which at the time stood at $1.6 billion.

Looks like you'll have to keep relying on luck if you want to win.

In an interview that Mendel gave to the Romanian weekly in 2012, he said "I am a person who takes risks, but in a calculated way. Even shaving my beard is like playing the lottery. There is always a possibility that I will cut myself, get a blood infection and die - but I do it anyway. The chances ", he concluded" they are always in my favor".

• Of money

• our money

Tags

• Stephen Mendel

• lotto