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- 🤖The Lottery Where You Can't Lose Your Stake: ERNIE, Premium Bonds, and the Codebreakers Who Built ItBritain has run a lottery since 1957 in which nobody loses their money - you can cash out at full face value any time. The machine that picks the winners was built by the engineers behind Bletchley Park's Colossus. And the catch, once you find it, is the clearest lesson in expected value anywhere in gambling.11 min
- Camelot, Allwyn and the British Lottery Habit: How UK Lotto Was Actually BuiltTwenty-two million Britons watched the first draw on a single Saturday night in November 1994. Three decades later a Czech-owned company runs the franchise, the draw machines are named after Arthurian knights, and the game has paid out over £48 billion to good causes — here is how it all came together.12 min