True Crime
Episode 111 - Jerry & Marge Go Large - Loophole Lottery Winners
2022-08-01
Retired shop owner Jerry Selbee spent most of his mornings hanging around gas stations drinking coffee and reading the Detriot times. During one of these many mornings, in 2003, Jerry read the back of a lottery ticket game called Winfall and after 2 minutes of doing an analysis found a loop hole in the game that made the game profitable to the player. After playing a few games to test his theory, he was winning at 46+% profit margins. He soon told his wife about the game and the two of them set up a corporate called GS Investment Strategies LLC. They invited friends and family to join in to their lottery group at $500 a piece for a share.
In May 2005, the Michigan Lottery shut down Winfall, but they found that a similar version was being played in Massachusetts. The couple made several 12 hour drives to play Winfall there.
By 2009, they had grossed more than $20 million in winning tickets, with a net profit of $5 million after taxes and expenses.
In 2011, News caught wind of Jerry & Marge and a story was published that made them both appear to be cheaters. In 2012, Jerry & Marge decided to tell their story.
In 2012, Jerry & Marge played their last game of Winfall. Their final winnings were nearly $27 million after playing 9 years in 2 different states.
Sources
woodtv.com
latimes.com
https://highline.huffingtonpost.com/articles/en/lotto-winners/
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