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Posted By Topic: List of Charges against Iswaran       - Views: 314
Fahrenheit 		18-Jan 2024 Thursday 12:55 PM (102 days ago)
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The first corruption charge alleges that Iswaran, in his capacity as a government minister, corruptly obtained gratification totalling S$145,434 from Mr Ong. This was in exchange for advancing the latter's business interests relating to a contract between Singapore GP and the Singapore Tourism Board (STB).

 

Iswaran is accused of corruptly obtaining 10 Green Room tickets, eight tickets named "Twenty3" and 32 general admission tickets to the 2022 Singapore Formula 1 Grand Prix in September 2022.

 

The second corruption charge states that Iswaran corruptly obtained from Mr Ong in December 2022 gratification in exchange for advancing his business interests over a contract with a public body over the Singapore GP-STB facilitation agreement, as well as a proposal for a contract with STB to establish the ABBA Voyage virtual concert in Singapore.

 

He is accused of corruptly obtaining from Mr Ong an outbound flight on his private plane from Singapore to Doha worth about US$7,700, one night's stay in Four Seasons Doha worth about S$4,738, as well as a business class flight from Doha to Singapore worth about S$5,700.

 

The charge of obstructing justice relates to a repayment of S$5,700 he allegedly made to Singapore GP around May 25, 2023.

 

That was the cost of his business flight ticket from Doha to Singapore that he took on Dec 11, 2022, at Mr Ong's expense through Singapore GP, the charge sheet stated.

 

The remaining 24 charges are for obtaining valuable items as a public servant.

 

These cover a period between November 2015 and December 2021, during which he allegedly obtained the following as a Singapore minister:

 

Two tickets to the show Thriller worth about £200 from Mr Ong through Como Holdings (UK), whom he knew to have a connection with his official function as chairman of the F1 Steering Committee

Two tickets to the show The Curious Incident of the Dog in the Night-Time worth about £270 from Ong through Como Holdings (UK)

Two tickets to the football match for West Ham United FC v Everton FC (Boleyn Ground) worth about £468 from Mr Ong through Como Holdings UK

Two tickets to the football match for Arsenal FC v Tottenham Hotspur FC (Emirates) worth about £550 from Mr Ong through Como Holdings (UK)

Ten Green Room tickets to the 2016 Singapore Formula 1 Grand Prix worth about S$42,265 from Mr Ong through Singapore GP

Ten Green Room tickets to the 2017 Singapore Formula 1 Grand Prix worth about S$42,265 from Mr Ong through Singapore GP

Five Boardwalk tickets to the 2017 Singapore Formula 1 Grand Prix worth about S$40,000 from Mr Ong through Singapore GP

Four tickets to the show Book of Mormon worth about £540 from Mr Ong through Como Holdings (UK)

Four tickets to the football match of Chelsea FC v Southampton FC (Stamford Bridge) worth about £700 from Mr Ong through Como Holdings (UK)

Four tickets to the shows Harry Potter and the Cursed Child: Part 1 and Harry Potter and the Cursed Child: Part 2, worth about £1,000 from Mr Ong through Como Holdings (UK)

Four tickets to the football match for Arsenal FC v Liverpool FC (Emirates) worth about £1,100 from Mr Ong through Como Holdings (UK)

Four tickets to the show Kinky Boots worth about £300 from Mr Ong through Como Holdings (UK)

Six Twenty3 tickets to the 2018 Singapore Formula Grand Prix worth about S$13,193.10 from Mr Ong through Singapore GP

Thirteen general admission tickets to the 2018 Singapore Formula 1 Grand Prix worth about S$16,744 from Mr Ong through Singapore GP

Four tickets to the show The Play That Goes Wrong worth about £380 from Mr Ong through Como Holdings (UK)

Four tickets to the show School of Rock worth about £560 from Mr Ong through Como Holdings (UK)

Four tickets to the football match for Chelsea FC v Manchester City FC worth at least £120 from Mr Ong

Four tickets to the show Hamilton worth about £400 from Mr Ong through Como Holdings (UK)

Four tickets to the show Waitress worth about £524 from Mr Ong through Como Holdings (UK)

Four tickets to the show Betrayal worth about £1,080 from Mr Ong through Como Holdings (UK)

Six Green Room tickets to the 2019 Singapore Formula 1 Grand Prix worth about S$26,643 from Mr Ong through Singapore GP

Sixteen general admission tickets to the 2019 Singapore Formula 1 Grand Prix worth about S$20,608 from Mr Ong through Singapore GP

Two tickets for the show Back to the Future worth about £449 from Mr Ong through Como Holdings (UK)

Two tickets to the show &Juliet worth about £250 from Mr Ong through Como Holdings (UK)




"Margin of Safety" as the Central Concept of Betting
A team's past ability to create quality chances is the expected number of goals that they should have produced. The expected number of goals in excess of the actual number of goals constitutes the "margin of safety". The margin is counted on to cushion the bettor against discomfiture in the event of a performance decline in the upcoming fixture. The soccer bettor does not expect the upcoming fixture to work out the same as in the past. If he were sure of that, the safety margin demanded might be small. The function of a safety margin is, in essence, that of rendering unnecessary an accurate estimate of the team's winning probability in the upcoming fixture. If the safety margin is sufficiently large, then it is enough to assume that the team's upcoming performance will not fall far below their expected goals in order for the bettor to feel sufficiently cushioned against bad luck. The safety margin is always dependent on the odds that the bettor accepts from the bookie. It will be large in certain odds, small at some lower odds, and negative when the odds is too low. However, even with a safety margin in the bettor's favour, he may lose his bet. For the margin guarantees only that he has a better chance of winning - not that loss is impossible. 
Theory of Diversification
There is a close logical connection between the concept of safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the bettor’s favor, an individual bet may work out badly. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. This point may be made more colorful by a reference to the arithmetic of roulette. If a man bets $1 on a single number, he is paid $35 profit when he wins—but the chances are 37 to 1 that he will lose. He has a “negative margin of safety.” In his case diversification is foolish. The more numbers he bets on, the smaller his chance of ending with a profit. If he regularly bets $1 on every number (including 0 and 00), he is certain to lose $2 on each turn of the wheel. But suppose the winner received $39 profit instead of $35. Then he would have a small but important margin of safety. Therefore, the more numbers he wagers on, the better his chance of gain. And he could be certain of winning $2 on every spin by simply betting $1 each on all the numbers. (Incidentally, the two examples given actually describe the respective positions of the player and proprietor of a wheel with a 0 and 00.)
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Fahrenheit 		18-Jan 2024 Thursday 12:55 PM (102 days ago)            #2
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"Margin of Safety" as the Central Concept of Betting
A team's past ability to create quality chances is the expected number of goals that they should have produced. The expected number of goals in excess of the actual number of goals constitutes the "margin of safety". The margin is counted on to cushion the bettor against discomfiture in the event of a performance decline in the upcoming fixture. The soccer bettor does not expect the upcoming fixture to work out the same as in the past. If he were sure of that, the safety margin demanded might be small. The function of a safety margin is, in essence, that of rendering unnecessary an accurate estimate of the team's winning probability in the upcoming fixture. If the safety margin is sufficiently large, then it is enough to assume that the team's upcoming performance will not fall far below their expected goals in order for the bettor to feel sufficiently cushioned against bad luck. The safety margin is always dependent on the odds that the bettor accepts from the bookie. It will be large in certain odds, small at some lower odds, and negative when the odds is too low. However, even with a safety margin in the bettor's favour, he may lose his bet. For the margin guarantees only that he has a better chance of winning - not that loss is impossible. 
Theory of Diversification
There is a close logical connection between the concept of safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the bettor’s favor, an individual bet may work out badly. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. This point may be made more colorful by a reference to the arithmetic of roulette. If a man bets $1 on a single number, he is paid $35 profit when he wins—but the chances are 37 to 1 that he will lose. He has a “negative margin of safety.” In his case diversification is foolish. The more numbers he bets on, the smaller his chance of ending with a profit. If he regularly bets $1 on every number (including 0 and 00), he is certain to lose $2 on each turn of the wheel. But suppose the winner received $39 profit instead of $35. Then he would have a small but important margin of safety. Therefore, the more numbers he wagers on, the better his chance of gain. And he could be certain of winning $2 on every spin by simply betting $1 each on all the numbers. (Incidentally, the two examples given actually describe the respective positions of the player and proprietor of a wheel with a 0 and 00.)
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seelangui 		18-Jan 2024 Thursday 2:28 PM (102 days ago)            #3
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  		Who is Mr ongoing
is it dua kang 😂



see what you want to see believe all you see
My current Mission is keep wining until S_P 斗/close shop
use main & sub method unit 1 unit= $20:
Use main bet as base the rest side bet to add on to max win or more Name it Eye jackpot system 南神眼



betting records at
http://forums.asianbookie.com/viewmessages.cfm?Forum=45&Topic=2112557

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Fahrenheit 		18-Jan 2024 Thursday 2:39 PM (102 days ago)            #4
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  		quote originally posted by seelangui:
Who is Mr ongoing
is it dua kang 😂



Chee Hong Tat




"Margin of Safety" as the Central Concept of Betting
A team's past ability to create quality chances is the expected number of goals that they should have produced. The expected number of goals in excess of the actual number of goals constitutes the "margin of safety". The margin is counted on to cushion the bettor against discomfiture in the event of a performance decline in the upcoming fixture. The soccer bettor does not expect the upcoming fixture to work out the same as in the past. If he were sure of that, the safety margin demanded might be small. The function of a safety margin is, in essence, that of rendering unnecessary an accurate estimate of the team's winning probability in the upcoming fixture. If the safety margin is sufficiently large, then it is enough to assume that the team's upcoming performance will not fall far below their expected goals in order for the bettor to feel sufficiently cushioned against bad luck. The safety margin is always dependent on the odds that the bettor accepts from the bookie. It will be large in certain odds, small at some lower odds, and negative when the odds is too low. However, even with a safety margin in the bettor's favour, he may lose his bet. For the margin guarantees only that he has a better chance of winning - not that loss is impossible. 
Theory of Diversification
There is a close logical connection between the concept of safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the bettor’s favor, an individual bet may work out badly. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. This point may be made more colorful by a reference to the arithmetic of roulette. If a man bets $1 on a single number, he is paid $35 profit when he wins—but the chances are 37 to 1 that he will lose. He has a “negative margin of safety.” In his case diversification is foolish. The more numbers he bets on, the smaller his chance of ending with a profit. If he regularly bets $1 on every number (including 0 and 00), he is certain to lose $2 on each turn of the wheel. But suppose the winner received $39 profit instead of $35. Then he would have a small but important margin of safety. Therefore, the more numbers he wagers on, the better his chance of gain. And he could be certain of winning $2 on every spin by simply betting $1 each on all the numbers. (Incidentally, the two examples given actually describe the respective positions of the player and proprietor of a wheel with a 0 and 00.)
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seelangui 		18-Jan 2024 Thursday 2:45 PM (102 days ago)            #5
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  		quote originally posted by Fahrenheit:

Chee Hong Tat



Ok 😂
these few years alot of happening 
Simi also have lhl really busy 
Also I hope he can step forward 
Happy this year 
 



see what you want to see believe all you see
My current Mission is keep wining until S_P 斗/close shop
use main & sub method unit 1 unit= $20:
Use main bet as base the rest side bet to add on to max win or more Name it Eye jackpot system 南神眼



betting records at
http://forums.asianbookie.com/viewmessages.cfm?Forum=45&Topic=2112557

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HUAT HUAT 4366 		18-Jan 2024 Thursday 3:00 PM (102 days ago)            #6
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  		So is he played out by ONG B S ?



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Fahrenheit 		18-Jan 2024 Thursday 3:32 PM (102 days ago)            #7
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  		quote originally posted by HUAT HUAT 4366:
So is he played out by ONG B S ?

I think it started from UK's investigation of Bernie Ecclestone (founder of F1) for tax fraud, and they seek the assistance of Singapore's CPIB. In the process they probably found that Iswaran received tickets (football matches, musicals, plays, concerts, etc). I think Iswaran will eventually clear his name, coz he just have to prove that those tickets were not favours for giving approvals for projects, but merely given to him as a "friend". COMO Holdings is owned by Christina Ong, not Ong Beng Seng, so Iswaran can easily wiggle his way out if the lawyer knows how to fight for the case. Davinder Singh is senior counsel, he won't take up the case if he is not confident to win.

 




"Margin of Safety" as the Central Concept of Betting
A team's past ability to create quality chances is the expected number of goals that they should have produced. The expected number of goals in excess of the actual number of goals constitutes the "margin of safety". The margin is counted on to cushion the bettor against discomfiture in the event of a performance decline in the upcoming fixture. The soccer bettor does not expect the upcoming fixture to work out the same as in the past. If he were sure of that, the safety margin demanded might be small. The function of a safety margin is, in essence, that of rendering unnecessary an accurate estimate of the team's winning probability in the upcoming fixture. If the safety margin is sufficiently large, then it is enough to assume that the team's upcoming performance will not fall far below their expected goals in order for the bettor to feel sufficiently cushioned against bad luck. The safety margin is always dependent on the odds that the bettor accepts from the bookie. It will be large in certain odds, small at some lower odds, and negative when the odds is too low. However, even with a safety margin in the bettor's favour, he may lose his bet. For the margin guarantees only that he has a better chance of winning - not that loss is impossible. 
Theory of Diversification
There is a close logical connection between the concept of safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the bettor’s favor, an individual bet may work out badly. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. This point may be made more colorful by a reference to the arithmetic of roulette. If a man bets $1 on a single number, he is paid $35 profit when he wins—but the chances are 37 to 1 that he will lose. He has a “negative margin of safety.” In his case diversification is foolish. The more numbers he bets on, the smaller his chance of ending with a profit. If he regularly bets $1 on every number (including 0 and 00), he is certain to lose $2 on each turn of the wheel. But suppose the winner received $39 profit instead of $35. Then he would have a small but important margin of safety. Therefore, the more numbers he wagers on, the better his chance of gain. And he could be certain of winning $2 on every spin by simply betting $1 each on all the numbers. (Incidentally, the two examples given actually describe the respective positions of the player and proprietor of a wheel with a 0 and 00.)
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Lita and HUAT HUAT 4366  2 Likes  
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Jimmy Tan 		18-Jan 2024 Thursday 3:34 PM (102 days ago)            #8
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bet within our means

 
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Fahrenheit 		18-Jan 2024 Thursday 7:08 PM (101 days ago)            #9
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"Margin of Safety" as the Central Concept of Betting
A team's past ability to create quality chances is the expected number of goals that they should have produced. The expected number of goals in excess of the actual number of goals constitutes the "margin of safety". The margin is counted on to cushion the bettor against discomfiture in the event of a performance decline in the upcoming fixture. The soccer bettor does not expect the upcoming fixture to work out the same as in the past. If he were sure of that, the safety margin demanded might be small. The function of a safety margin is, in essence, that of rendering unnecessary an accurate estimate of the team's winning probability in the upcoming fixture. If the safety margin is sufficiently large, then it is enough to assume that the team's upcoming performance will not fall far below their expected goals in order for the bettor to feel sufficiently cushioned against bad luck. The safety margin is always dependent on the odds that the bettor accepts from the bookie. It will be large in certain odds, small at some lower odds, and negative when the odds is too low. However, even with a safety margin in the bettor's favour, he may lose his bet. For the margin guarantees only that he has a better chance of winning - not that loss is impossible. 
Theory of Diversification
There is a close logical connection between the concept of safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the bettor’s favor, an individual bet may work out badly. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. This point may be made more colorful by a reference to the arithmetic of roulette. If a man bets $1 on a single number, he is paid $35 profit when he wins—but the chances are 37 to 1 that he will lose. He has a “negative margin of safety.” In his case diversification is foolish. The more numbers he bets on, the smaller his chance of ending with a profit. If he regularly bets $1 on every number (including 0 and 00), he is certain to lose $2 on each turn of the wheel. But suppose the winner received $39 profit instead of $35. Then he would have a small but important margin of safety. Therefore, the more numbers he wagers on, the better his chance of gain. And he could be certain of winning $2 on every spin by simply betting $1 each on all the numbers. (Incidentally, the two examples given actually describe the respective positions of the player and proprietor of a wheel with a 0 and 00.)
AsianBookie Tipsters Championship
 Member of Team:
 Bolametrix Quantitative Research
(Est. Oct 2014)
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wembly 		18-Jan 2024 Thursday 7:20 PM (101 days ago)            #10
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  		quote originally posted by Fahrenheit:
I think it started from UK's investigation of Bernie Ecclestone (founder of F1) for tax fraud, and they seek the assistance of Singapore's CPIB. In the process they probably found that Iswaran received tickets (football matches, musicals, plays, concerts, etc). I think Iswaran will eventually clear his name, coz he just have to prove that those tickets were not favours for giving approvals for projects, but merely given to him as a "friend". COMO Holdings is owned by Christina Ong, not Ong Beng Seng, so Iswaran can easily wiggle his way out if the lawyer knows how to fight for the case. Davinder Singh is senior counsel, he won't take up the case if he is not confident to win.



You think AGC will press corruption charges just based on the perception of an inappropriate receipt of gifts by a senior public servant with no accompanying proofs ?

This message was edited by wembly on 18-Jan-2024 at 7:21 PM



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Fahrenheit 		18-Jan 2024 Thursday 7:33 PM (101 days ago)            #11
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  		quote originally posted by wembly:

You think AGC will press corruption charges just based on the perception of an inappropriate receipt of gifts by a senior public servant ?


Senior Counsel Davinder Singh is PAP's de facto lawyer, so the fact that he takes up the case to defend Iswaran means he is confident of winning or mitigation.

Think about the sets of tickets, such "10 F1 Green Room tickets". Who are the final recipients of those tickets? I think it could potentially open up a can of worms that expose other PAP members.

And also, the multitude of different occasions suggest that this practice could be prevalent between businessmen and government ministers than we could imagine.

And there were originally 36 charges, but they only proceed with 27 charges. The remaining 9 charges somehow "evaporated" (in Davinder Singh's words). Meaning? Maybe there's more to it than meets the eye? 
 




"Margin of Safety" as the Central Concept of Betting
A team's past ability to create quality chances is the expected number of goals that they should have produced. The expected number of goals in excess of the actual number of goals constitutes the "margin of safety". The margin is counted on to cushion the bettor against discomfiture in the event of a performance decline in the upcoming fixture. The soccer bettor does not expect the upcoming fixture to work out the same as in the past. If he were sure of that, the safety margin demanded might be small. The function of a safety margin is, in essence, that of rendering unnecessary an accurate estimate of the team's winning probability in the upcoming fixture. If the safety margin is sufficiently large, then it is enough to assume that the team's upcoming performance will not fall far below their expected goals in order for the bettor to feel sufficiently cushioned against bad luck. The safety margin is always dependent on the odds that the bettor accepts from the bookie. It will be large in certain odds, small at some lower odds, and negative when the odds is too low. However, even with a safety margin in the bettor's favour, he may lose his bet. For the margin guarantees only that he has a better chance of winning - not that loss is impossible. 
Theory of Diversification
There is a close logical connection between the concept of safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the bettor’s favor, an individual bet may work out badly. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. This point may be made more colorful by a reference to the arithmetic of roulette. If a man bets $1 on a single number, he is paid $35 profit when he wins—but the chances are 37 to 1 that he will lose. He has a “negative margin of safety.” In his case diversification is foolish. The more numbers he bets on, the smaller his chance of ending with a profit. If he regularly bets $1 on every number (including 0 and 00), he is certain to lose $2 on each turn of the wheel. But suppose the winner received $39 profit instead of $35. Then he would have a small but important margin of safety. Therefore, the more numbers he wagers on, the better his chance of gain. And he could be certain of winning $2 on every spin by simply betting $1 each on all the numbers. (Incidentally, the two examples given actually describe the respective positions of the player and proprietor of a wheel with a 0 and 00.)
AsianBookie Tipsters Championship
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wembly  1 Likes  
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wembly 		18-Jan 2024 Thursday 7:38 PM (101 days ago)            #12
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  		quote originally posted by Fahrenheit:
Senior Counsel Davinder Singh is PAP's de facto lawyer, so the fact that he takes up the case to defend Iswaran means he is confident of winning or mitigation.

Think about the sets of tickets, such "10 F1 Green Room tickets". Who are the final recipients of those tickets? I think it could potentially open up a can of worms that expose other PAP members.

And also, the multitude of different occasions suggest that this practice could be prevalent between businessmen and government ministers than we could imagine.

And there were originally 36 charges, but they only proceed with 27 charges. The remaining 9 charges somehow "evaporated" (in Davinder Singh's words). Meaning? Maybe there's more to it than meets the eye? 


I can see your point.
We shall see if AGC is truly independent enough to open the 'can of worms'.
I have more confidence of OBS wiggling his way out of any link of gifts to favors. 
 

This message was edited by wembly on 18-Jan-2024 at 7:42 PM



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m_menthol 		19-Jan 2024 Friday 12:23 AM (101 days ago)            #13
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  		Even in corporate world u cannot accept gift exceed USD 150
Surely there’s some guidelines to follow for government officials
Or there isn’t or there is but he think it’s ok to proceed



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LONGSTER 		19-Jan 2024 Friday 9:50 AM (101 days ago)            #14
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Taurus05 		19-Jan 2024 Friday 10:09 AM (101 days ago)            #15
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  		isn't ong beng seng involve in lky and lhl condo scandal last time?
Politicians still want to get involve?
 



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Taurus05 		19-Jan 2024 Friday 10:21 AM (101 days ago)            #16
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  		are these the complete list? Look lik pap has intention to let him off.



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Fahrenheit 		19-Jan 2024 Friday 10:46 AM (101 days ago)            #17
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  		quote originally posted by Taurus05:
are these the complete list? Look lik pap has intention to let him off.

It's the complete list of 27 charges. Originally 36 charges, but prosecution dropped 9 charges.

 




"Margin of Safety" as the Central Concept of Betting
A team's past ability to create quality chances is the expected number of goals that they should have produced. The expected number of goals in excess of the actual number of goals constitutes the "margin of safety". The margin is counted on to cushion the bettor against discomfiture in the event of a performance decline in the upcoming fixture. The soccer bettor does not expect the upcoming fixture to work out the same as in the past. If he were sure of that, the safety margin demanded might be small. The function of a safety margin is, in essence, that of rendering unnecessary an accurate estimate of the team's winning probability in the upcoming fixture. If the safety margin is sufficiently large, then it is enough to assume that the team's upcoming performance will not fall far below their expected goals in order for the bettor to feel sufficiently cushioned against bad luck. The safety margin is always dependent on the odds that the bettor accepts from the bookie. It will be large in certain odds, small at some lower odds, and negative when the odds is too low. However, even with a safety margin in the bettor's favour, he may lose his bet. For the margin guarantees only that he has a better chance of winning - not that loss is impossible. 
Theory of Diversification
There is a close logical connection between the concept of safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the bettor’s favor, an individual bet may work out badly. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. This point may be made more colorful by a reference to the arithmetic of roulette. If a man bets $1 on a single number, he is paid $35 profit when he wins—but the chances are 37 to 1 that he will lose. He has a “negative margin of safety.” In his case diversification is foolish. The more numbers he bets on, the smaller his chance of ending with a profit. If he regularly bets $1 on every number (including 0 and 00), he is certain to lose $2 on each turn of the wheel. But suppose the winner received $39 profit instead of $35. Then he would have a small but important margin of safety. Therefore, the more numbers he wagers on, the better his chance of gain. And he could be certain of winning $2 on every spin by simply betting $1 each on all the numbers. (Incidentally, the two examples given actually describe the respective positions of the player and proprietor of a wheel with a 0 and 00.)
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hanman0072002 		19-Jan 2024 Friday 10:58 AM (101 days ago)            #18
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  		Should cut him in half...





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LONGSTER 		19-Jan 2024 Friday 2:59 PM (101 days ago)            #19
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Fahrenheit 		19-Jan 2024 Friday 5:05 PM (101 days ago)            #20
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"Margin of Safety" as the Central Concept of Betting
A team's past ability to create quality chances is the expected number of goals that they should have produced. The expected number of goals in excess of the actual number of goals constitutes the "margin of safety". The margin is counted on to cushion the bettor against discomfiture in the event of a performance decline in the upcoming fixture. The soccer bettor does not expect the upcoming fixture to work out the same as in the past. If he were sure of that, the safety margin demanded might be small. The function of a safety margin is, in essence, that of rendering unnecessary an accurate estimate of the team's winning probability in the upcoming fixture. If the safety margin is sufficiently large, then it is enough to assume that the team's upcoming performance will not fall far below their expected goals in order for the bettor to feel sufficiently cushioned against bad luck. The safety margin is always dependent on the odds that the bettor accepts from the bookie. It will be large in certain odds, small at some lower odds, and negative when the odds is too low. However, even with a safety margin in the bettor's favour, he may lose his bet. For the margin guarantees only that he has a better chance of winning - not that loss is impossible. 
Theory of Diversification
There is a close logical connection between the concept of safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the bettor’s favor, an individual bet may work out badly. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. This point may be made more colorful by a reference to the arithmetic of roulette. If a man bets $1 on a single number, he is paid $35 profit when he wins—but the chances are 37 to 1 that he will lose. He has a “negative margin of safety.” In his case diversification is foolish. The more numbers he bets on, the smaller his chance of ending with a profit. If he regularly bets $1 on every number (including 0 and 00), he is certain to lose $2 on each turn of the wheel. But suppose the winner received $39 profit instead of $35. Then he would have a small but important margin of safety. Therefore, the more numbers he wagers on, the better his chance of gain. And he could be certain of winning $2 on every spin by simply betting $1 each on all the numbers. (Incidentally, the two examples given actually describe the respective positions of the player and proprietor of a wheel with a 0 and 00.)
AsianBookie Tipsters Championship
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 Bolametrix Quantitative Research
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Team Ranked: #52 - Team Score (Top 50 Members): AB$ 1,693,125 Total Members: 44
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justin11sg 		19-Jan 2024 Friday 6:48 PM (100 days ago)            #21
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  		West coast GRC will be interesting in 2024 GE. 




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JOGK 		19-Jan 2024 Friday 10:19 PM (100 days ago)            #22
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quote originally posted by seelangui:
Who is Mr ongoing
is it dua kang 😂

Your ho peng you 🤣🤣🤣🤣🤣

 




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JOGK 		19-Jan 2024 Friday 10:23 PM (100 days ago)            #23
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  		Only 27 charges?
i bet there is more than meets the eye
🙄🙄🙄🙄🙄




 
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JOGK 		19-Jan 2024 Friday 11:09 PM (100 days ago)            #24
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  		quote originally posted by Fahrenheit:

The first corruption charge alleges that Iswaran, in his capacity as a government minister, corruptly obtained gratification totalling S$145,434 from Mr Ong. This was in exchange for advancing the latter's business interests relating to a contract between Singapore GP and the Singapore Tourism Board (STB).

 

Iswaran is accused of corruptly obtaining 10 Green Room tickets, eight tickets named "Twenty3" and 32 general admission tickets to the 2022 Singapore Formula 1 Grand Prix in September 2022.

 

The second corruption charge states that Iswaran corruptly obtained from Mr Ong in December 2022 gratification in exchange for advancing his business interests over a contract with a public body over the Singapore GP-STB facilitation agreement, as well as a proposal for a contract with STB to establish the ABBA Voyage virtual concert in Singapore.

 

He is accused of corruptly obtaining from Mr Ong an outbound flight on his private plane from Singapore to Doha worth about US$7,700, one night's stay in Four Seasons Doha worth about S$4,738, as well as a business class flight from Doha to Singapore worth about S$5,700.

 

The charge of obstructing justice relates to a repayment of S$5,700 he allegedly made to Singapore GP around May 25, 2023.

 

That was the cost of his business flight ticket from Doha to Singapore that he took on Dec 11, 2022, at Mr Ong's expense through Singapore GP, the charge sheet stated.

 

The remaining 24 charges are for obtaining valuable items as a public servant.

 

These cover a period between November 2015 and December 2021, during which he allegedly obtained the following as a Singapore minister:

 

Two tickets to the show Thriller worth about £200 from Mr Ong through Como Holdings (UK), whom he knew to have a connection with his official function as chairman of the F1 Steering Committee

Two tickets to the show The Curious Incident of the Dog in the Night-Time worth about £270 from Ong through Como Holdings (UK)

Two tickets to the football match for West Ham United FC v Everton FC (Boleyn Ground) worth about £468 from Mr Ong through Como Holdings UK

Two tickets to the football match for Arsenal FC v Tottenham Hotspur FC (Emirates) worth about £550 from Mr Ong through Como Holdings (UK)

Ten Green Room tickets to the 2016 Singapore Formula 1 Grand Prix worth about S$42,265 from Mr Ong through Singapore GP

Ten Green Room tickets to the 2017 Singapore Formula 1 Grand Prix worth about S$42,265 from Mr Ong through Singapore GP

Five Boardwalk tickets to the 2017 Singapore Formula 1 Grand Prix worth about S$40,000 from Mr Ong through Singapore GP

Four tickets to the show Book of Mormon worth about £540 from Mr Ong through Como Holdings (UK)

Four tickets to the football match of Chelsea FC v Southampton FC (Stamford Bridge) worth about £700 from Mr Ong through Como Holdings (UK)

Four tickets to the shows Harry Potter and the Cursed Child: Part 1 and Harry Potter and the Cursed Child: Part 2, worth about £1,000 from Mr Ong through Como Holdings (UK)

Four tickets to the football match for Arsenal FC v Liverpool FC (Emirates) worth about £1,100 from Mr Ong through Como Holdings (UK)

Four tickets to the show Kinky Boots worth about £300 from Mr Ong through Como Holdings (UK)

Six Twenty3 tickets to the 2018 Singapore Formula Grand Prix worth about S$13,193.10 from Mr Ong through Singapore GP

Thirteen general admission tickets to the 2018 Singapore Formula 1 Grand Prix worth about S$16,744 from Mr Ong through Singapore GP

Four tickets to the show The Play That Goes Wrong worth about £380 from Mr Ong through Como Holdings (UK)

Four tickets to the show School of Rock worth about £560 from Mr Ong through Como Holdings (UK)

Four tickets to the football match for Chelsea FC v Manchester City FC worth at least £120 from Mr Ong

Four tickets to the show Hamilton worth about £400 from Mr Ong through Como Holdings (UK)

Four tickets to the show Waitress worth about £524 from Mr Ong through Como Holdings (UK)

Four tickets to the show Betrayal worth about £1,080 from Mr Ong through Como Holdings (UK)

Six Green Room tickets to the 2019 Singapore Formula 1 Grand Prix worth about S$26,643 from Mr Ong through Singapore GP

Sixteen general admission tickets to the 2019 Singapore Formula 1 Grand Prix worth about S$20,608 from Mr Ong through Singapore GP

Two tickets for the show Back to the Future worth about £449 from Mr Ong through Como Holdings (UK)

Two tickets to the show &Juliet worth about £250 from Mr Ong through Como Holdings (UK)



 




 
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JOGK 		19-Jan 2024 Friday 11:37 PM (100 days ago)            #25
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JOGK 		20-Jan 2024 Saturday 6:55 PM (99 days ago)            #26
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  		quote originally posted by Fahrenheit:

The first corruption charge alleges that Iswaran, in his capacity as a government minister, corruptly obtained gratification totalling S$145,434 from Mr Ong. This was in exchange for advancing the latter's business interests relating to a contract between Singapore GP and the Singapore Tourism Board (STB).

 

Iswaran is accused of corruptly obtaining 10 Green Room tickets, eight tickets named "Twenty3" and 32 general admission tickets to the 2022 Singapore Formula 1 Grand Prix in September 2022.

 

The second corruption charge states that Iswaran corruptly obtained from Mr Ong in December 2022 gratification in exchange for advancing his business interests over a contract with a public body over the Singapore GP-STB facilitation agreement, as well as a proposal for a contract with STB to establish the ABBA Voyage virtual concert in Singapore.

 

He is accused of corruptly obtaining from Mr Ong an outbound flight on his private plane from Singapore to Doha worth about US$7,700, one night's stay in Four Seasons Doha worth about S$4,738, as well as a business class flight from Doha to Singapore worth about S$5,700.

 

The charge of obstructing justice relates to a repayment of S$5,700 he allegedly made to Singapore GP around May 25, 2023.

 

That was the cost of his business flight ticket from Doha to Singapore that he took on Dec 11, 2022, at Mr Ong's expense through Singapore GP, the charge sheet stated.

 

The remaining 24 charges are for obtaining valuable items as a public servant.

 

These cover a period between November 2015 and December 2021, during which he allegedly obtained the following as a Singapore minister:

 

Two tickets to the show Thriller worth about £200 from Mr Ong through Como Holdings (UK), whom he knew to have a connection with his official function as chairman of the F1 Steering Committee

Two tickets to the show The Curious Incident of the Dog in the Night-Time worth about £270 from Ong through Como Holdings (UK)

Two tickets to the football match for West Ham United FC v Everton FC (Boleyn Ground) worth about £468 from Mr Ong through Como Holdings UK

Two tickets to the football match for Arsenal FC v Tottenham Hotspur FC (Emirates) worth about £550 from Mr Ong through Como Holdings (UK)

Ten Green Room tickets to the 2016 Singapore Formula 1 Grand Prix worth about S$42,265 from Mr Ong through Singapore GP

Ten Green Room tickets to the 2017 Singapore Formula 1 Grand Prix worth about S$42,265 from Mr Ong through Singapore GP

Five Boardwalk tickets to the 2017 Singapore Formula 1 Grand Prix worth about S$40,000 from Mr Ong through Singapore GP

Four tickets to the show Book of Mormon worth about £540 from Mr Ong through Como Holdings (UK)

Four tickets to the football match of Chelsea FC v Southampton FC (Stamford Bridge) worth about £700 from Mr Ong through Como Holdings (UK)

Four tickets to the shows Harry Potter and the Cursed Child: Part 1 and Harry Potter and the Cursed Child: Part 2, worth about £1,000 from Mr Ong through Como Holdings (UK)

Four tickets to the football match for Arsenal FC v Liverpool FC (Emirates) worth about £1,100 from Mr Ong through Como Holdings (UK)

Four tickets to the show Kinky Boots worth about £300 from Mr Ong through Como Holdings (UK)

Six Twenty3 tickets to the 2018 Singapore Formula Grand Prix worth about S$13,193.10 from Mr Ong through Singapore GP

Thirteen general admission tickets to the 2018 Singapore Formula 1 Grand Prix worth about S$16,744 from Mr Ong through Singapore GP

Four tickets to the show The Play That Goes Wrong worth about £380 from Mr Ong through Como Holdings (UK)

Four tickets to the show School of Rock worth about £560 from Mr Ong through Como Holdings (UK)

Four tickets to the football match for Chelsea FC v Manchester City FC worth at least £120 from Mr Ong

Four tickets to the show Hamilton worth about £400 from Mr Ong through Como Holdings (UK)

Four tickets to the show Waitress worth about £524 from Mr Ong through Como Holdings (UK)

Four tickets to the show Betrayal worth about £1,080 from Mr Ong through Como Holdings (UK)

Six Green Room tickets to the 2019 Singapore Formula 1 Grand Prix worth about S$26,643 from Mr Ong through Singapore GP

Sixteen general admission tickets to the 2019 Singapore Formula 1 Grand Prix worth about S$20,608 from Mr Ong through Singapore GP

Two tickets for the show Back to the Future worth about £449 from Mr Ong through Como Holdings (UK)

Two tickets to the show &Juliet worth about £250 from Mr Ong through Como Holdings (UK)







 




 
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