O'Reilly logo

A Comprehensive Look at Fraud Identification and Prevention by James R. Youngblood

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

111
Chapter 7
Frauds Targeting
the Individual
7.1 Introduction
Every day, people visit the local convenience store, grocery store, gas station, and
other places to purchase lottery tickets. With the scratch- off tickets, the odds of
winning a few dollars are normally around even money. A person spending a dol-
lar on a scratch- off lottery ticket has about a 50% chance of winning their invest-
ment back. With the scratch- off lottery tickets, the odds of winning the larger
cash prizes decreases because there are fewer winning tickets available for sale.
Normally, only one or two grand prize tickets are printed for sale, and the odds
against winning increase.
People also have the option of purchasing random draw lottery tickets; the odds
of winning the grand prize decrease as the number of balls to be drawn increases.
e larger multistate lotteries have even higher odds against winning. ese lot-
teries require a person to select five numbers that have to be drawn from a pool of
eighty balls. e winner also has to pick one number that has to be drawn from a
pool of around forty balls. is places the odds of winning the million- dollar prize
at over 100 million to 1 or greater.
No matter the odds placed on the various options available for a person pur-
chasing lottery tickets, individuals line up every day to take the risk. e risk taken
is based on the potential for winning large amounts of money. A common theme
spoken by these risk takers is: “Well, someone has to win.
Also driving the desire for a person to take a risk on reaching an almost-
impossible goal is how many of these games are marketed. Lottery officials spend

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required