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Financial advisor wins the lottery

May 10, 2011, 8:41 am

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Hot LottoHot Lotto: Financial advisor wins the lotteryRating:

Wins $9.1M jackpot three months after buying "how to win" book

Includes video report

A Webster City, Iowa, man today claimed a $9 million prize from Saturday night's Hot Lotto drawing, one of the biggest prizes ever awarded in the history of the Iowa Lottery.

Larry Dawson, 58, and his wife, Kathy, were surrounded by their four grown children, their spouses and 10 grandchildren during a news conference at Iowa Lottery headquarters in Des Moines.

"I am a little guy, but I am a big dreamer," Dawnson told reporters when asked about his plans for spending the money. He is the longtime owner of a financial services business in Webster City and he mostly plans to use the prize money to expand his firm, he said.

Dawson's nickname is "Lucky Larry," according to his wife, because of his ability on the golf course to transform bad shots into good shots, such as hitting a tree and having a golf ball bounce back onto the fairway. He and his wife started playing Hot Lotto about three months ago after reading a book that claimed to have the secrets to winning the lottery. He followed the recommendations, which included buying 19 plays for each drawing to cover all the Hot Ball options.

But he said he was beginning to doubt the book's advice just before he won.

"We were just getting to the point where I said, "You know, this just isn't worth it. I don't think I am going to do this anymore. But we played one more time and...it's kind of nice," he said.

Dawson's $9.09 million prize was the 12th-largest ever awarded in the 26-year history of the Iowa Lottery, said Iowa Lottery Vice President Mary Neubauer. His ticket was purchased at Doc's Stop convenience store in Webster City.

Des Moines Register

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55 comments. Last comment 10 years ago by foragoodcause.
Page 1 of 4
BuyLow's avatar - fd725949c52faf3bef0a9e377747408d -iphone-wallpaper-palm-trees.jpg
Florida
United States
Member #61433
May 22, 2008
1227 Posts
Offline

Hey Ridge Runner~~

 

Looks like it wasn't a QP.  Jester

 

Congrats to the winner!!

    Avatar
    atlanta,ga
    United States
    Member #87725
    March 2, 2010
    43 Posts
    Offline

    I disagree.. has to be a quick pic. either its a Qp or he has 18 other 2nd tier prize winners....

      rdgrnr's avatar - walt
      100
      Way back up in them dadgum hills, son!
      United States
      Member #73902
      April 28, 2009
      14903 Posts
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      Hey Ridge Runner~~

       

      Looks like it wasn't a QP.  Jester

       

      Congrats to the winner!!

      Well, don't tell me, call Ripley's.


                                                   
                           
                                               

       

       

       

       

                                                                                                         

      "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                  --Edmund Burke

       

       

        Todd's avatar - Cylon 200.jpg
        50
        Chief Bottle Washer
        New Jersey
        United States
        Member #1
        May 31, 2000
        26332 Posts
        Online

        I disagree.. has to be a quick pic. either its a Qp or he has 18 other 2nd tier prize winners....

        No, I don't think so.

        When I play a system that uses all bonus balls, I most definitely do NOT use the same "first 5" numbers on each ticket.  I use an abbreviated wheel.  Here's an excellent wheel for Hot Lotto.  It's a 2 if 2 of 19 wheel that is highly balanced, using each of the 19 numbers you choose 5 times each.  It has 19 lines, making it perfect for playing each bonus number once.

        You would use all bonus numbers so that you are guaranteed to have a bonus number winner in your set of tickets, and hopefully you have some "first 5" matches to go along with it.  Also, if you happen to match all 5 numbers on one ticket, it ensures that you have at least a pretty good chance of winning the jackpot too. 

        In the case of Hot Lotto, if you match the 5 five numbers, the strategy gives you a 1-in-19 shot at winning the jackpot.

         

        Check the State Lottery Report Card
        What grade did your lottery earn?

         

        Sign the Petition for True Lottery Drawings
        Help eliminate computerized drawings!

          rdgrnr's avatar - walt
          100
          Way back up in them dadgum hills, son!
          United States
          Member #73902
          April 28, 2009
          14903 Posts
          Offline

          I love this story...

          A financial advisor buying a how to win the lottery book.

          Makes me wonder about the advice given to his clients and what they think after hearing what he was doing. He's telling everybody how to be responsible in allocating their funds and how to invest and save responsibly while he's playing the lottery. I love it.   LOL

          This is really wild.


                                                       
                               
                                                   

           

           

           

           

                                                                                                             

          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                      --Edmund Burke

           

           

            BuyLow's avatar - fd725949c52faf3bef0a9e377747408d -iphone-wallpaper-palm-trees.jpg
            Florida
            United States
            Member #61433
            May 22, 2008
            1227 Posts
            Offline

            Well, don't tell me, call Ripley's.

            Ha, Ha... or the Guiness Book Of World Records....Wink


              United States
              Member #59352
              March 13, 2008
              5626 Posts
              Offline

              Ridge

              If you think about it, it might just be a really good way to judge the true state of our economy.  Another thought

              is that he might be needing to shore up some of the accounts he manages.  I wonder if there is any connection

              between high risk capital and lottery tickets as they both seem to have the same rules, "Don't invest more then

              you can afford to lose." 

              RL

                Coin Toss's avatar - shape barbed.jpg
                100
                Zeta Reticuli Star System
                United States
                Member #30469
                January 17, 2006
                11581 Posts
                Online

                From the OP:

                He and his wife started playing Hot Lotto about three months ago after reading a book that claimed to have the secrets to winning the lottery. He followed the recommendations, which included buying 19 plays for each drawing to cover all the Hot Ball options.

                But he said he was beginning to doubt the book's advice just before he won.

                "We were just getting to the point where I said, "You know, this just isn't worth it. I don't think I am going to do this anymore. But we played one more time and...it's kind of nice," he said.

                ________________________________________________________

                Since he said he was just about to give up and it mentions playing 19 plays per drawing it sounds like it might have been Lustig's book, which has been reviewed here on LP.

                Whether the winning combo was a QP or not, or birthdays, or ages, or hot and cold numbers, etc..ad nauseum, the fact that a combo he played was the combo drawn still comes down to luck.

                Lep     Lep     Lep

                Ut oh.

                Thud

                Whether it's Lustig's book or someone else's people will post and ask if anyone has read it and can they tell them what it says.

                While the book sales will definitley increase it was also become apparent that a lot of people not only want the information to beat the house but to beat the one with the information out of the money for it, too.

                Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

                Lep

                There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                  Todd's avatar - Cylon 200.jpg
                  50
                  Chief Bottle Washer
                  New Jersey
                  United States
                  Member #1
                  May 31, 2000
                  26332 Posts
                  Online

                  From the OP:

                  He and his wife started playing Hot Lotto about three months ago after reading a book that claimed to have the secrets to winning the lottery. He followed the recommendations, which included buying 19 plays for each drawing to cover all the Hot Ball options.

                  But he said he was beginning to doubt the book's advice just before he won.

                  "We were just getting to the point where I said, "You know, this just isn't worth it. I don't think I am going to do this anymore. But we played one more time and...it's kind of nice," he said.

                  ________________________________________________________

                  Since he said he was just about to give up and it mentions playing 19 plays per drawing it sounds like it might have been Lustig's book, which has been reviewed here on LP.

                  Whether the winning combo was a QP or not, or birthdays, or ages, or hot and cold numbers, etc..ad nauseum, the fact that a combo he played was the combo drawn still comes down to luck.

                  Lep     Lep     Lep

                  Ut oh.

                  Thud

                  Whether it's Lustig's book or someone else's people will post and ask if anyone has read it and can they tell them what it says.

                  While the book sales will definitley increase it was also become apparent that a lot of people not only want the information to beat the house but to beat the one with the information out of the money for it, too.

                  I don't think that's the book, because they are playing a relatively small number of picks (19) and Lustig says you have to play as much as you can afford -- not specific strategies like "play all the bonus numbers".

                  And of course there is luck involved.  A great deal of it.  But the strategy they played certainly helped them as well.

                   

                  Check the State Lottery Report Card
                  What grade did your lottery earn?

                   

                  Sign the Petition for True Lottery Drawings
                  Help eliminate computerized drawings!

                    Tenaj's avatar - michellea
                    Charlotte NC
                    United States
                    Member #17405
                    June 18, 2005
                    4070 Posts
                    Offline

                    From the OP:

                    He and his wife started playing Hot Lotto about three months ago after reading a book that claimed to have the secrets to winning the lottery. He followed the recommendations, which included buying 19 plays for each drawing to cover all the Hot Ball options.

                    But he said he was beginning to doubt the book's advice just before he won.

                    "We were just getting to the point where I said, "You know, this just isn't worth it. I don't think I am going to do this anymore. But we played one more time and...it's kind of nice," he said.

                    ________________________________________________________

                    Since he said he was just about to give up and it mentions playing 19 plays per drawing it sounds like it might have been Lustig's book, which has been reviewed here on LP.

                    Whether the winning combo was a QP or not, or birthdays, or ages, or hot and cold numbers, etc..ad nauseum, the fact that a combo he played was the combo drawn still comes down to luck.

                    Lep     Lep     Lep

                    Ut oh.

                    Thud

                    Whether it's Lustig's book or someone else's people will post and ask if anyone has read it and can they tell them what it says.

                    While the book sales will definitley increase it was also become apparent that a lot of people not only want the information to beat the house but to beat the one with the information out of the money for it, too.

                    Whether the winning combo was a QP or not, or birthdays, or ages, or hot and cold numbers, etc..ad nauseum, the fact that a combo he played was the combo drawn still comes down to luck.

                    And what is Luck. hmmm

                    L=laboring U=under C=correct K=knowledge

                    And at the time he was laboring under correct knowledge.  It was spot on.  C'mon Coin Toss, luck adds up to a lot of things. 

                    Hurray!Congratulations to him!

                    takeemtothebank

                      sully16's avatar - sharan
                      25
                      Dr.President Elect
                      Michigan
                      United States
                      Member #81738
                      October 28, 2009
                      87838 Posts
                      Online

                      I think he's been lurking on lottery post, and read "win with magic" by sully & Harve$t Moon Big Grin

                      Congrats to the Dawsons, Enjoy.

                       US Flag

                        rdgrnr's avatar - walt
                        100
                        Way back up in them dadgum hills, son!
                        United States
                        Member #73902
                        April 28, 2009
                        14903 Posts
                        Offline

                        I'm not familiar with Hot Lotto.

                        Is it possible to select all your bonus balls and get the other numbers by Quick Pick?


                                                                     
                                             
                                                                 

                         

                         

                         

                         

                                                                                                                           

                        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                    --Edmund Burke

                         

                         

                          Todd's avatar - Cylon 200.jpg
                          50
                          Chief Bottle Washer
                          New Jersey
                          United States
                          Member #1
                          May 31, 2000
                          26332 Posts
                          Online

                          I'm not familiar with Hot Lotto.

                          Is it possible to select all your bonus balls and get the other numbers by Quick Pick?

                          It depends on what the individual state's lottery terminals allow.  (That goes for all games, not just Hot Lotto.)  Some states have Quick Pick all-or-nothing options, and others allow you to QP just the bonus or the first five numbers.

                           

                          Check the State Lottery Report Card
                          What grade did your lottery earn?

                           

                          Sign the Petition for True Lottery Drawings
                          Help eliminate computerized drawings!

                            rdgrnr's avatar - walt
                            100
                            Way back up in them dadgum hills, son!
                            United States
                            Member #73902
                            April 28, 2009
                            14903 Posts
                            Offline

                            It depends on what the individual state's lottery terminals allow.  (That goes for all games, not just Hot Lotto.)  Some states have Quick Pick all-or-nothing options, and others allow you to QP just the bonus or the first five numbers.

                            OK, thanks. It'd be interesting to know exactly what he did.


                                                                         
                                                 
                                                                     

                             

                             

                             

                             

                                                                                                                               

                            "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                        --Edmund Burke