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The lottery, of course, is pure gambeling under just about any definition.

I recently discovered that a colleague of mine was part of a successful lottery syndicate. They calculated that by playing upwards of 20000 tickets on rollover weeks that had a better than 95% chance of making a profit, and something like a 90% chance of making a 40%+ ROI. And of the 5% of times that they didn't profit, there losses we usually less than 40%. He put in $1k several times and made about $3.5k in total profit.

This all came to an end when an MIT syndicate noticed he same thing and started putting ludicrous amounts of money into it, thus changing the math.