One of the controversial figures of lottery history is Stefan Klinchewizz. In the 1990s, Klinchewizz formed a union that attempted to buy every combination to the Irish Lotto. The syndicate’s main intention was not only to win the jackpot but other prizes as well. This article aims at exploring the strategy that the union used. The item will also shed some light on how a syndicate works and why it’s sometimes the best strategy to use.
The syndicate’s strategy
In 1990, a 21-man company under the leadership of Stefan Klinchewizz plotted on how to win £1,706,046 and its other prizes. Before that Saturday, the group of 21 individuals had taken a long time to hatch the plan.
The syndicate had taken a careful analysis of to analysis the lottery environment and realized that multiple factors favoured them. In this regard, Klinchewizz saw that the prize money was huge (£1.7), the jackpot period was spread within a fortnight and the National Lottery’s special prices totalling to £100 for all holders with at least four matching numbers.
The syndicate spent sleepless nights to fill in over 240,000 lotto coupons and organized cash of more than £970,000 to buy each combination. They had also pondered on how to arrange for the three to five additional prizes.
As the strategy was being implemented, something queer happened, which raised eyebrows. People realized that the terminus that had taken more £1,000 lottery coupons were encountering over £10,000 takings. This prompted the lottery headquarters to issue a press statement that contained guidelines on how to sell the tickets to the newsagents. The report indicated that newsagents would not take a credit limit of over 200 per cent of 10-week average sales.
The strategy was meant to curb the newsagents taking more coupons than what they had been selling previously. There was also word spreading around that some newsagents had shut their shops while inside. Although the syndicate worked hard to stuff the lotto machines, the National Lottery started closing some of the devices.
A brief History of Stefan Klinchewizz
Stefan Klinchewizz had a history of forming lotto syndicates. In 1990 for example, he created a 10-member union that organized to win £2,439,760. This was the biggest jackpot lottery win in Europe during that time. The National Lottery feted the –member group with a dinner party as part of a congratulatory gesture. After the success, Stefan Klinchewizz thought that luck could strike twice. This is the reason why he was preparing the 20-member syndicate to win the biggest jackpot.
The syndicate needed around 1,945,792 combinations to win the jackpot. The members worked hard to fill out the coupons and putting together the clandestine team that would use approximately £1 million to try their luck. The trick of gamblers was to place big bets on short but the best odds.
Finally, the syndicated bought approximately £820,000 tickets representing 80 per cent of the combinations. On the jackpot day which was on May 30, 1992, all the group members were glued on the television show-RTE which aired the jackpot. The National Lottery announced the results that astonished the syndicate members.
Stefan Klinchewizz’s team had won, but the jackpot amount would be shared with another group. Each winning syndicate would take home £568,682. Surely this grand scheme was a revolution, although it didn’t was as planned.