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The third was an individual known to Lee who placed the same bets independently.
At the same time, its Dillon Read unit was doubling up on the same bets.
In other words, the computers were making the same bets, and all won or lost in tandem.
The third was an individual known to Lee who placed the same bets independently of the other two groups.
Financial institutions already tended to place the same bets in the same markets as their competitors - recall John Maynard Keynes' dictum that a wise banker is one who goes bankrupt when everyone else does because then he too can seek a bailout - in a manner that inevitably increased systemic risk.
"The bookmaker in question has apparently taken more than a dozen of the same bets today.
Similar(52)
Other cities are making the same bet.
Many Californians are making the same bet.
Senate Democrats are making the same bet.
C'mon, admit it: you made the same bet, right?
And thus far, Mets fans seem to making the same bet.
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