New Posts For Thread: When martingale goes wronghttps://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong.https://en.wikipedia.org/wiki/Nick_LeesonBy the end of 1992, the error account's losses exceeded £2 million, increasing to £23 million in late 1993. This amount ballooned to £208 million by the end of 1994.[17] Leeson had followed a "doubling" st@test..Nearly two years late on this but.."it's good to be a crook"I don't think he was really a crook in the direct sense. He wasn't taking money to personally embezzle (though you could argue that his pay was inflated by the results he claimed).Hehttps://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=563740415#563740415@test..Nearly two years late on this but.."it's good to be a crook"I don't think he was really a crook in the direct sense. He wasn't taking money to personally embezzle (though you could argue that his pay was inflated by the results he claimed).HeThu, 18 Jan 2024 09:28:39 -0600system working well. please send me another US$835 million so i can meet my margin obligations.ok, Nick. well done, monies on it's way.https://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=563740227#563740227system working well. please send me another US$835 million so i can meet my margin obligations.ok, Nick. well done, monies on it's way.Thu, 18 Jan 2024 08:18:42 -0600Same wiki article:He turned out to be a right tw@thttps://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=563740181#563740181Same wiki article:He turned out to be a right tw@tThu, 18 Jan 2024 08:10:30 -0600There are two sides to martingale,the punter and the layer,there is always a winner and a loser.The loser usually tells his story.https://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=563740169#563740169There are two sides to martingale,the punter and the layer,there is always a winner and a loser.The loser usually tells his story.Thu, 18 Jan 2024 08:09:29 -0600.https://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=563739859#563739859.Thu, 18 Jan 2024 06:26:43 -0600It`s a very good book too.https://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=562243155#562243155It`s a very good book too.Tue, 31 May 2022 15:02:42 -0500So many failings of the central Risk function - they were told not to look too hard at the Singapore operation because it was a huge fraction of Baring's revenues, when in reality that is exactly why they should have looked.https://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=562242007#562242007So many failings of the central Risk function - they were told not to look too hard at the Singapore operation because it was a huge fraction of Baring's revenues, when in reality that is exactly why they should have looked.Tue, 31 May 2022 09:17:26 -0500Martin Gale is effective.https://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=562241861#562241861Martin Gale is effective.Tue, 31 May 2022 08:39:29 -0500https://www.irishtimes.com/news/back-to-the-futures-1.32909.Confidence and sheer chutzpah is all it takes. Nick Leeson had both in spades. Within four years he was on his way, working for Barings, the City's oldest and most patrician merchant bank.https://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=562241843#562241843https://www.irishtimes.com/news/back-to-the-futures-1.32909.Confidence and sheer chutzpah is all it takes. Nick Leeson had both in spades. Within four years he was on his way, working for Barings, the City's oldest and most patrician merchant bank.Tue, 31 May 2022 08:35:56 -0500it's good to be a crookhttps://community.betfair.com/horse_racing/go/thread/view/94102/31759759/when-martingale-goes-wrong?post_id=562241839#562241839it's good to be a crookTue, 31 May 2022 08:35:45 -0500