vice media

[roguejuror]

He often splurged upwards of $500,000 a month with betting agency Luxbet, predominantly backing his own horses; predominantly losing."

His failure to pay debts prompted Luxbet to sue Tinkler in the Northern Territory Supreme Court in January, chasing $179,200.
While the betting records show extensive losses - including a 33-bet losing streak over a horror three weeks in February 2011 where he flushed $260,000 down the toilet - they also show a handful of big days out on the punt. At his local Newcastle track on March 17, 2011, Tinkler banked a cool $187,000 by backing his own horses Honourable Aussie (two bets worth $15,000 at 7/1) and Bare Bear (two bets worth $10,000 at 8/1).

On December 3, 2010, he loaded up with a $110,000 bet on Adulterer at Moonee Valley at tight odds for a payday of $366,000.

However, those wins were few and far between.

Another two-week barren spell in April 2011 cost Tinkler $174,000, while he put $200,000 on his Patinack Farm-owned Metallurgical at Randwick on December 11, 2009. It finished second, and he blew the lot."

I saw this one.

Here is a working link: http://www.abc.net.au/4corners/stories/2013/07/29/3810937.htm

If you're up $400 million you shouldn't ever be broke again. Stupid guy.

 

[gregm]

that nathan tinkler story is pretty wild. I come from a family where some are farmers and I always dreamed of my own farm but this is some pretty incredible farming techniques, sort of like babylonian hanging gardens. some beautiful video in here

 

[roguejuror]

$7 million price tag per complex. Singapore can afford it but no third world nation can. Cool techonolgy though. Only $3 in electric bill to run each rack, that's amazing.

 

[roguejuror]

Greg on Journeyman check out the one about Costa Rica that are using the forest as natural pest control instead of pesticides. Pretty smart, what they lose on land capacity they gain in price as it's mostly organically natural.