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Richard Lustig on TV

Topic closed. 21 replies. Last post 6 years ago by ameriken.

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atlanta,georgia
United States
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January 23, 2009
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Posted: April 28, 2011, 9:38 am - IP Logged

Yesterday, Apr 27th, Richard Lustig was on the "Rachel Ray" show, pushing his book &  revealing 3 of his "big tips":

1) Save losing tickets to use when filing taxes

2) Don't buy quick picks

3) When buying scratch-offs, buy 10 in a row of the same kind

 

I didn't learn anything fom him but maybe someone else will.

 

I'm sure you can catch the show on-line, too.

    Coin Toss's avatar - shape barbed.jpg
    Zeta Reticuli Star System
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    Posted: April 28, 2011, 10:15 am - IP Logged

    He's been discussd here before.

    http://www.lotterypost.com/thread/222942

    Note FLATRANSPLANT'S comment early on page 1 of the thread

    Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

    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.

      RJOh's avatar - chipmunk
      mid-Ohio
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      Posted: April 28, 2011, 1:10 pm - IP Logged

      Yesterday, Apr 27th, Richard Lustig was on the "Rachel Ray" show, pushing his book &  revealing 3 of his "big tips":

      1) Save losing tickets to use when filing taxes

      2) Don't buy quick picks

      3) When buying scratch-offs, buy 10 in a row of the same kind

       

      I didn't learn anything fom him but maybe someone else will.

       

      I'm sure you can catch the show on-line, too.

      You probably don't spend enough on lottery tickets to use his advice.

      1) Save losing tickets to use when filing taxes

      If you win a $10,000 prize or more your losing lottery tickets may help push your loses to more than the standard deduction of ~$7,000 which you get normally.

      2) Don't buy quick picks

      If you're buying 25 or more tickets per drawing, then you want to avoid duplications of 4 numbers combinations to increase your coverage and you can't guarantee that buying QPs.

      3) When buying scratch-offs, buy 10 in a row of the same kind

      Buying 10 in a row off a roll is more likely to have a winner since most scratch-offs have odds of 1:5 or better, so 10 in a row are bound to have a $1 winner or a free ticket at least.

       * you don't need to buy more tickets, just buy a winning ticket * 
         
                   Evil Looking       

        Coin Toss's avatar - shape barbed.jpg
        Zeta Reticuli Star System
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        Posted: April 28, 2011, 6:32 pm - IP Logged

        RJOH,

        Granted the odds on scratchers are in the 1:5 range but there's no "lock" in buying ten and getting a winner. It just doesn't work that way. The winners may come once in every five or ten tickets, but more likely maybe two or three in a row out of thirty tickets and then another dry spell.

        In the long run it works out to 1:5, sure, but that doesn't guarantee or two winners out of every ten.

        People get slaughtered on dice tables trying to apply that kind of approach to betting 2 or 12. There should be one show up in every thirty rolls. People actually stand there with pads and folow the dice and wait for 29 rolls and no 2 or 12 and en it in".

        Thank you for playing, would you like a drink?

        Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

        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.

          RJOh's avatar - chipmunk
          mid-Ohio
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          Posted: April 28, 2011, 10:10 pm - IP Logged

          RJOH,

          Granted the odds on scratchers are in the 1:5 range but there's no "lock" in buying ten and getting a winner. It just doesn't work that way. The winners may come once in every five or ten tickets, but more likely maybe two or three in a row out of thirty tickets and then another dry spell.

          In the long run it works out to 1:5, sure, but that doesn't guarantee or two winners out of every ten.

          People get slaughtered on dice tables trying to apply that kind of approach to betting 2 or 12. There should be one show up in every thirty rolls. People actually stand there with pads and folow the dice and wait for 29 rolls and no 2 or 12 and en it in".

          Thank you for playing, would you like a drink?

          Granted the odds on scratchers are in the 1:5 range but there's no "lock" in buying ten and getting a winner.

          True but if you keep buying 10 in a row when those winners bunch up, you'll still get some in the end.  The point I was making Richard Lusting advice was for some one like himself who spends a lot on lottery tickets.  For the players who never buy more than a couple of tickets at a time, none of what he says makes any difference.

           * you don't need to buy more tickets, just buy a winning ticket * 
             
                       Evil Looking       

            Mr-Smith's avatar - Lottery-057.jpg
            rekjavik
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            Posted: April 29, 2011, 10:21 am - IP Logged

            Why in hell is he on TV?

            1 million in 10 years and writes a book? It was said that HE spends about 17k a year on tickets, on one of his blog interviews.

            So maybe I'm crazy but 17k a year for tax write offs, 1 million in 10 years it is not adding up..

            Am I missing the point here?? What is the Hype?

              sully16's avatar - sharan
              Ringleader
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              Posted: April 29, 2011, 10:23 am - IP Logged

              Why in hell is he on TV?

              1 million in 10 years and writes a book? It was said that HE spends about 17k a year on tickets, on one of his blog interviews.

              So maybe I'm crazy but 17k a year for tax write offs, 1 million in 10 years it is not adding up..

              Am I missing the point here?? What is the Hype?

              I Agree!  yep, he's over-rated.

               HyperBe Happy.

                Mr-Smith's avatar - Lottery-057.jpg
                rekjavik
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                Posted: April 29, 2011, 10:39 am - IP Logged

                Plus his last win was for 980k (the number 7  win).

                 

                And we all know that ANY lotto win is tax almost half !!!!

                So where is this so called 1 million?

                I just hate that people are so easily put on a pedistal for Dumb S***T.

                  B$Rizzle's avatar - a4leds
                  The Ville, FL
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                  Posted: April 29, 2011, 11:58 am - IP Logged

                  Plus his last win was for 980k (the number 7  win).

                   

                  And we all know that ANY lotto win is tax almost half !!!!

                  So where is this so called 1 million?

                  I just hate that people are so easily put on a pedistal for Dumb S***T.

                  I believe that was his first win and it was more like $895,000 or something like  that on Mega Money here in FL. His 7th win I think was 98,000. You may have meant 98K not 908K

                   

                  But I agree with you, I dont see why the he11 this guy is even getting on TV. All he does is spend a sh*t ton of $$ on lottery daily and gets lucky. Anyone can do that with the amount he is spending.

                    Mr-Smith's avatar - Lottery-057.jpg
                    rekjavik
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                    Posted: April 29, 2011, 12:36 pm - IP Logged

                    I believe that was his first win and it was more like $895,000 or something like  that on Mega Money here in FL. His 7th win I think was 98,000. You may have meant 98K not 908K

                     

                    But I agree with you, I dont see why the he11 this guy is even getting on TV. All he does is spend a sh*t ton of $$ on lottery daily and gets lucky. Anyone can do that with the amount he is spending.

                    Thanks for the correction.

                    I should not type when pissed....lol.

                      B$Rizzle's avatar - a4leds
                      The Ville, FL
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                      Posted: April 29, 2011, 3:13 pm - IP Logged

                      Thanks for the correction.

                      I should not type when pissed....lol.

                      ha ha I figured thats what you meant =)

                       

                      I get the same way Thumbs Up

                        Win$500Quick's avatar - Lottery-050.jpg
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                        Posted: April 29, 2011, 10:42 pm - IP Logged

                        What I have learned over the years is everyone plays the lottery differently. What works for one person may not work for someone else. What worked last month may not work this month. I change strategies every month. Yesterday I bought a grouper which consist of all quick picks and won $555 in the Fantasy 5.  Got 5 Ruby Red scratch-off in a row and I lost on all 5 tickets. So his "method" would not have help me. BTW, I have always saved my losing tickets.

                        Guess Who's Back?

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
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                          Posted: April 29, 2011, 11:20 pm - IP Logged

                          What I have learned over the years is everyone plays the lottery differently. What works for one person may not work for someone else. What worked last month may not work this month. I change strategies every month. Yesterday I bought a grouper which consist of all quick picks and won $555 in the Fantasy 5.  Got 5 Ruby Red scratch-off in a row and I lost on all 5 tickets. So his "method" would not have help me. BTW, I have always saved my losing tickets.

                          Kudos on the $555 Grouper win!

                          Hmmm... Looks like quick picks might be the best way to go then.


                                                                       
                                               
                                                                   

                           

                           

                           

                           

                                                                                                                             

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

                                                                                                                      --Edmund Burke

                           

                           

                            James1's avatar - 5599078405 12a562a9e7_t.jpg
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                            Posted: April 30, 2011, 12:56 am - IP Logged

                            Ok so this guy has won Mega Money and Fantasy 5 jackpots. What are his other 5 "big" wins then ?

                            2014 Highest Winner: $500

                              Win$500Quick's avatar - Lottery-050.jpg
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                              Posted: April 30, 2011, 5:47 am - IP Logged

                              Ok so this guy has won Mega Money and Fantasy 5 jackpots. What are his other 5 "big" wins then ?

                              Grand prize of $10,000 in Millionaire Magic scratch-off in 1992

                              Fantasy 5 in 1997 for 13,000

                              Trip to California in a second chance drawing

                              Trip to Graceland in a second chance drawing

                              Mega Money jackpot of more than $842,000 in 2002

                              Fantasy 5  in 2008 $73,000

                              Fantasy 5 in 2010 for $98,000

                              * No wins from 2002-2008. I personally don't care for the trips won from second chance drawings. Show me the money.

                              Guess Who's Back?