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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. But to answer your stupid question best I can, you can probably cut 6–8 $10 rocks (dimes) off a single gram of rock cocaine. The gram will cost $35–40, so your profit falls however you decide to cut your gram. Rinse and repeat, then you’ll have $100 with a little left over to buy sandwich baggies. With the $100 you can buy 3 g.
- MIT students scammed Massachusetts State Lottery for $8 million: report NY Daily News
- Lottery officials knew about Cash WinFall’s flaws, IG saysBoston Globe
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.
8 Ball Of Crack Profit Formula
Various Weights of Cocaine
COCAINE WEIGHTS
1 gram = .03 ounces
3.5 grams = 1/8 of an ounce 'Eight Ball'
7 grams = Quarter ounce (two eight balls)
14 grams = Half ounce
21 grams = Third of an ounce
28.3 grams = Ounce 'an O'
62 grams = 2.18 ounces 'Sixty Two'
125 grams = 4.40 ounces 'Big Eight' (Eighth of a kilo)
250 grams = 8.81 ounces 'Quarter Kilogram'
500 grams = 17.63 ounces 'Half Kilo'
750 grams = 26.45 ounces 'Three quarters of a kilo'
1000 grams = 35.27 ounces 'One Kilo'
* * * A kilogram of cocaine is often referred to as being 2.2 pounds of cocaine. This is somewhat misleading. Although a kilo does weigh out to be about 2.2 pounds. This doesn't mean that it weighs two pounds and two ounces. A kilo actually weighs 2 pounds and about 3.27 ounces (35.27 ounces).
The standard package weight of cocaine is one kilogram and then is later broken into smaller weights for sale and consumption. Sometimes large seizures of cocaine take place, where a ton or several tons of cocaine are seized. This is especially common when a seizure takes place at sea by the military such as the Coast Guard. Cocaine will usually be packed into large sacks where many individual kilograms are inside. A metric ton of cocaine weighs 1,000 kilograms, a short ton contains 907 kilos and a long ton has 1016 kgs.
8 Ball Of Crack Profit Maximization
Ahnlab eps information. A 'Short Ton' is the equivalent of 2,000 pounds (907 kilograms).
Weights when selling Cocaine
Almost the entire world uses the International System of Units, commonly known as the'Metric System'. However, the USA (United States of America) does not use this system. Instead of Kilograms, people in the U.S.A. use pounds. Instead of grams, they use ounces. This leads to an interesting mixture of the metric system in terms of drug dealing.
Most lower level drug dealers and users do not know that a kilogram has 1,000 grams in it. In fact, many law enforcement officials don't know this either but most everybody has at least some familiarity with the term 'Kilo'.
Typically, a lower level drug dealer in the United States will deal in ounce level quantities of cocaine. At this lower level, the amount purchased and sold will deal with the term 'ounce'. However, once a dealer starts dealing in more than about 8 ounces, the dealer will now converse in metric system language. Not all, but most will start purchasing quantities that are referred to their metric system weights. This level would equate to be about 250 grams (8.81 ounces). From this level on up, the terms quarter kilo, half kilo, whole kilo, etc; are commonly spoken.
Since a kilogram of cocaine is an exact 1,000 grams it actually makes more sense for a drug dealer to use the metric system. The math in order to determine profit margins are more easily understood when using the metric system. For example, if a person purchases one kilogram (1,000 grams) for $26,000 then the price per gram is $26. If this person turns around sells a quantity of cocaine at $40 per gram then the dealer is making $14 in profit per gram. If the dealer continues to sell in terms of price per gram, then after the entire kilogram is sold then this person would have a profit of $14,000. This is easy math when you really think about it. Multiply $14 (profit per gram) x 1,000 grams and this equals $14,000 total profit.
Now lets say that the person that purchased the cocaine for $40 per gram and got a total of only 30 grams. This person then resold at a price of $50 per gram. This person would be making a profit of $10 per gram on his/her sales. This person would net a net profit of 10 (profit in each gram) multiplied by 30 grams and thus would make a total profit of $300 after his 30 grams were all sold.
8 Ball Of Crack Profit And Loss
If you do this type of math in the non-metric system such as ounces then your ability to determine profit is going to be harder because you are actually going to have to convert ounces to grams or vice versa. If everything were done in the metric system then things would be much simpler.