In 2003, Jerry made a run to their old store and saw a brochure for a new lottery game called Winfall. Jerry, who majored in math in college, told "60 Minutes" he realized within just minutes that he could almost guarantee making a profit. Jerry and Marge Selbee utilized a mathematical loophole in the Michigan WinFall lottery's "rolldown" feature, which legally ensured a profit if enough tickets were bought during specific drawings.
The couple, along with their investment group, earned approximately $26 million in total winnings over several years.Investment Strategy: They formed a corporation, GS Investment Strategies, allowing friends and family to invest and share in the winnings, which helped revitalize their town.
After the WinFall game was discontinued in Michigan, the couple continued their strategy with a similar game called Cash WinFall in Massachusetts.
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