When I was in high school there was a story about a man who won millions of dollars playing keno.
The amount of money and the location appear to be true based upon this wikipedia article:
In 1994, Ranogajec reportedly won a $7.5 million Keno jackpot at the leisure and entertainment complex North Ryde RSL Club, of New South Wales, after reportedly betting "significantly more than $7.5 million" to win it but coming out ahead on account of the additional, smaller prizes awarded along the way to the jackpot.
My question is, with a reasonable knowledge of statistics and enough money (say $10 million) is it possible to win the KENO jackpot?
The version of KENO I am referring to is the on on this site: http://playkeno.com.au and I cannot confirm how many numbers he matched to get the jackpot (so was did it match smaller numbers with a larger investment or visa-versa).
As commented below, What I'm trying to get across is that this wasn't just some guy off the street, he is a highly seasoned gambler and maybe one of the best in the world. He played for a long period of time with large amounts of cash wagered. He seemed to expect that he was going to win. If you read his wiki article you will see he always tries to stack the odds in his favor. So why Keno, if it's just any old game? This is not just a question of maths or just saying if gambling you will always lose. He obviously didn't think so.