Hi I run a numbers racket in Costa Rica. I will explain how it works. It is a black market lottery in which I have ¨runners¨ or sellers, who sell numbers. My clients can buy any number, or numbers between 00-99 that they wish, and they can bet as much as they would like up to 3,000 colones (about six dollars) at each seller. At six o´clock on tues., fri., and sun I pick up the lists in time to watch the national lottery drawing. The number that is drawn is the number that hits, and I pay 75. Example 27 is drawn and a client bet 1000 colones on 27. I pay this client 75,000 colones.
I was wondering what my probabilities of winning are, and what could I do to increase them.
I can also explain in more detail if anyone would like, thanks