Justin O'Kane

Finance, Horse racing and moguls

[Justin O'Kane @jjokane]

@bill1930best @FlemingtonVRC Thanks Bill that is very kind. All I know is a lot of my friends have given away their membership recently and many more are considering giving theirs up next. I’m not ok with this. It’s time to do something about this. So I stepped up.

[Justin O'Kane @jjokane]

I am unable to proceed with my nomination for the 2026 election to the Victoria Racing Club Board because the Club has ruled my nomination invalid.

My name has appeared in media reports as a candidate. I am sharing this statement to clarify the position and avoid speculation. It is simply an account of what occurred.

The Club ruled my nomination invalid because I could not provide a national police certificate issued on or after 21 September by 5pm on 5 November, as required by the Club.

I applied for a police check on 2 November. It was referred for manual review, meaning that instead of being processed within minutes, the report could take up to 20 business days. Manual reviews occur in nearly 30 per cent of cases.

I provided the Club with a police check I had obtained in August 2026 and explained that the delay in receiving the updated check was outside my control. The updated check arrived on Monday, 9 November.

The Club rejected both police checks, leaving my nomination invalid.

The candidate nomination papers were also delayed in reaching me after I requested them from the VRC. This reduced the time available to complete the process and contributed to the police check not being submitted by the deadline.

I accept the Club’s decision and will not stand in this year’s election.

[Justin O'Kane @jjokane]

@snowyclark Does feel a little bit like Sheza Alibi in the Golden Eagle, out to the paddock until the next campaign for me.

[Justin O'Kane @jjokane]

@Blackburnfanat1 @MakeBettingPay Agreed, only look at the first 3 in the market (Melbourne and Sydney horse racing). Otherwise the money isn’t deep enough for a readable/reliable move and the winning chance is too long for the outs.

[Justin O'Kane @jjokane]

@GallopBet Did the call of the card really bet to a 116% market on TF? 👀 Chris, Lyndon and Swift Bet are geniuses.

[Justin O'Kane @jjokane]

The King

[Justin O'Kane @jjokane]

@puntingbattler My grandmother always backed the least liked horse tipped for a tip 3 finish from the newspaper’s form guide. She said someone knew something everyone else had missed.

[Justin O'Kane @jjokane]

Did I forget to mention Hart to Hart. Besides a few TV enthusiasts who get it, probably the best mogul skis ever made. 🤷

[Justin O'Kane @jjokane]

The happiest place in life is on a chairlift.

[Justin O'Kane @jjokane]

The happiest place in life is on a chairlift.

[Michael Felgate @m_felgate]

Must listen ep of #TheVerdict discussing the MRC track situation.

Big thanks to MRC CEO for coming on.

We won’t always agree but debating major issues is a must!

Have a listen. ⬇️

https://t.co/2s2YzNgyGN

[Justin O'Kane @jjokane]

I was Head of NAB FX Options Trading in 1997 when my interbank prices started being picked off by ANZ. I asked my ANZ mate what’s going on? Told me to read Dynamic Hedging. Straight away I got a quant to re-write our pricing using Taleb’s analysis and changed our hedging for all the second and third order effects.
Next thing NAB hire new traders from CBA. I leave for ANZ and this book comes with me. NAB’s new traders break every rule in the book and blow the bank up to the tune of $700m, three go to jail and every employee up the line to the CEO gets sacked.
This book could have saved NAB all that money. It sure changed my life.

[Goshawk Trades @GoshawkTrades]

not a bad recommendation for the weekend.

taleb wrote this in 1997, a decade before the black swan made him famous.

[Justin O'Kane @jjokane]

@MarketMovesMatt If you don't realise trading an option is trading time and the value of time changes with the square-root of time then you are the sucker at the table, as they say in poker. Lest to say 5 yo's and others should keep away from options.

[Nick Quinn @Quinny_1]

The Lafferty story is about to have a new chapter with Harry set to train his first city runner.
Ravenclaw has accepted to run in Race 2 at Caulfield, but will most likely be scratched and contest a race at Sandown on Wednesday July 15.
Harry’s grandad Kevin Lafferty trained over 800 winners during his decorated career highlighted by three Grand Annual Steeplechase winners and two Warrnambool Cup winners.
His father Peter has enjoyed a successful training career and is now assisting Harry with training.
Harry’s twin sister is jockey Laura Lafferty, and he has two older sisters, Elley and Hillary who are involved in his team.
“I have three horses in work and am always on the lookout for more.” Lafferty said.
"I am so grateful to have such wonderful owners, especially Steve Targett who is always the first person I call when we secure a horse.” Lafferty said.
Ravenclaw was purchased online via Inglis Digital for $37,500.
Ravenclaw was initially purchased as a yearling for $220,000 and won three races when trained by Chris Waller.
Picture by Eddie Guerrero.

[Justin O'Kane @jjokane]

@PUNTERIQ There are three SP’s to note, two unofficial and one unimportant. On course SP, BF SP and VOP. Beat 2/3 and you win 🏆.

[Justin O'Kane @jjokane]

@TheKouk @Betfair_Aus The drift is the story though

[Justin O'Kane @jjokane]

@cmkusher The should consider the First home super saver scheme.
https://t.co/FuMrs9ZAZa

[Justin O'Kane @jjokane]

@GregHoffman15 Someone likes the old name better.

[Justin O'Kane @jjokane]

A day of these earns you one of these at Chamonix 🎿🍺

[Justin O'Kane @jjokane]

@NickHassett Chamonix, stunningly beautiful Nick and more moguls than you could dream of. Having said that Italy isn’t much more than a ski run away.

[Justin O'Kane @jjokane]

#NewProfilePic