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How is 8 ball used? Cuthbert allegedly sold 'an eight ball of cocaine' to an undercover agent for $350. — The Post-Cresent (Appleton, WI), 22 Apr. Banerdt is accused of selling an '8 ball' of cocaine to an undercover officer for $320 on Jan. 11 and again on Feb. 1, according to court records. — Green Bay Press-Gazette (Green Bay,WI. The illegal drug can be either myth or cocaine, the term 8 ball comes from the weight 3.5 grams the cost of one 8 ball would be around $150.00 dollars to $200.00 dollars now these days.

• MIT students scammed Massachusetts State Lottery for $8 million: report NY Daily News
• Lottery officials knew about Cash WinFall’s flaws, IG saysBoston Globe

8 Ball Of Crack Profit And Loss

Maybe Uncle Ben was right: With great power comes great responsibility. While most students at the famed Massachusetts Institute of Technology use their powers for good — for example, creating drugs that can fight any virus — others are busily using their prodigious math skills to game the state of Massachusetts’ lottery system, earning millions of dollars in the process.

Several years ago, while doing research for a school project, a group of MIT students realized that, for a few days every three months or so, the most reliably lucrative lottery game in the country was Massachusetts’ Cash WinFall, because of a quirk in the way a jackpot was broken down into smaller prizes if there was no big winner. The math whizzes quickly discovered that buying about $100,000 in Cash WinFall tickets on those days would virtually guarantee success. Buying $600,000 worth of tickets would bring a 15%–20% return on investment, according to the New York Daily News.

(MORE: When Good Things Happen to Good People: 8 Heartwarming Lottery Wins)

When the jackpot rose to $2 million, the students bought in, dividing the prize money among group members. But they didn’t stop there; they were so successful in their caper that they were eventually able to quit their day jobs and bring in investors to front the money they needed to purchase the requisite number of lottery tickets. Several other syndicates sprang up to capitalize on the Cash WinFall loopholes, but the MIT group remained one of the most successful and innovative. By 2005, the group had earned almost $8 million with its system, according to an investigation by the Boston Globe. By 2010, it had figured out how to win the entire jackpot in a single drawing.

A recent report by the state’s inspector general reveals more details about the scheme, including the fact that the Massachusetts Lottery knew of the students’ ploy and for years did nothing to stop it. The inspector general’s report claims that lottery officials actually bent rules to allow the group to buy hundreds of thousands of the $2 tickets, because doing so increased revenues and made the lottery even more successful. While the students’ actions are not illegal, state treasurer Steven Grossman, who oversees the lottery, finally stopped the game this year.

The inspector general concluded that because lottery officials received no personal benefit from the syndicates’ manipulations of the game, no further action was necessary.

This isn’t the first time that MIT has been involved in a gambling controversy. Ten years ago, students and a professor were involved in a massive card-counting scandal in Las Vegas casinos.

Cocaine Prices

Cocaine prices in 2000 remained low and stable, suggesting a steady supply to the United States. Nationwide, wholesale cocaine prices ranged from $12,000 to $35,000 per kilogram. In most major metropolitan areas, however, the price of a kilogram of cocaine ranged from $13,000 to $25,000. Average purity for cocaine at the gram, ounce, and kilogram levels remained stable at high levels. In 2000, the average purity of a kilogram of cocaine was 75 percent. Typically, cocaine HCl is converted into crack cocaine, or “rock,” within the United States by the secondary wholesaler or retailer. Crack cocaine is often packaged in vials, glassine bags, and film canisters. The size of a crack rock can vary, but generally ranges from 1/10 to 1/2 gram. Rocks can sell for as low as $3 to as high as $50, but prices generally range from $10 to $20.

Powdered and crack cocaine are increasingly available throughout Illinois. The total amount of cocaine seized by law enforcement in the Chicago area increased 68 percent from 1997 to 1998. The Federal-wide Drug Seizure System (FDSS) indicates that the amount of cocaine seized in Illinois in FY1998 was equal to that of the 3 previous years combined. In 1998, over 9,000 kilograms of cocaine were seized in the Chicago area, and the amount of cocaine seized by the Chicago Police Department nearly doubled in 1999. The Chicago Police Department seized 757 kilograms of cocaine (street value $94 million) from a van on the Northwest Side in February 2000. The largest drug seizure in Chicago history took place in February 1999 when the Chicago Police Department confiscated over 1,100 kilograms of cocaine (street value $143 million) in the suburb of Crestwood.

Low prices and high purity levels also suggest that there is an abundant supply of cocaine throughout the state. Cocaine prices statewide averaged between $95 and $100 per gram for the past decade. Cocaine prices declined slightly in Chicago in 1998 while purity remained stable at 60 to 70 percent over the past decade in Chicago and statewide. See Table 3 for current prices in Chicago.

Table 3. Cocaine Prices, Chicago, 2000

Source: DEA Chicago Field Division, Trends in the Traffic 2dQuarter FY2000.

Cocaine prices in New Jersey vary depending on the location and amount of the sale; however, low, stable prices indicate that there is an abundant supply of cocaine in New Jersey. (See Table 4.) Price differences between northern (all counties above and including Monmouth) and southern (all counties below Monmouth County) New Jersey indicate two distinct drug markets in the state. Powdered cocaine costs slightly more in southern New Jersey, while crack costs more in northern New Jersey. DEA reported that cocaine prices decreased slightly in 2000, and are similar to 1998 prices. However, according to the Middle Atlantic-Great Lakes Organized Crime Law Enforcement Network (MAGLOCLEN) Regional Drug Price and Purity Report, powdered cocaine prices increased slightly from August 1997 to September 1999.

Table 4. Cocaine Prices (in Dollars), Northern and Southern New Jersey, 2000

Weight Northern New Jersey Southern New Jersey

Powdered Cocaine

8 Ball Of Crack Profit Formula

Kilogram Pound Ounce Eight Ball (1/8 ounce) Gram Bag

8 Ball Of Crack Profit Calculator

Crack Cocaine

Kilogram Pound Ounce Eight Ball (1/8 ounce) Gram Bag

8 Ball Of Crack Profit Maximization