Niall Smyth, a part time poker player has shown a remarkably lucky streak by taking small bets successively to convert an initial bet of €10 into € 550,000. Needless to mention, the odds of betting on a horse race, then taking the prize into a qualifying game for an elite tournament before beating the filed of 614 poker players is very slim. As reported in this article by the Irish Times, this represents an interesting mix of luck and capability on the part of the player that a statistician would claim should happen very rarely.
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