Martingale
noun
A betting strategy in which the gambler doubles their bet after each loss, intending to recover all losses with a win.
He adopted a martingale strategy in his betting at the casino.
Often appears as...
- doubling bets
- recover losses
Usage tips
Neutral
betting strategy, risk management, gambling technique
noun
A mathematical sequence of random variables, where the expected value of the next value in the sequence is equal to the present value, given all previous values.
In probability, a martingale is used to model fair gambles.
Often appears as...
- random variables
- expected value
Usage tips
Formal
random process, stochastic process, gambling theory
noun
A piece of horse riding equipment used to keep a horse's head down, consisting of a strap from the saddle to the horse's head.
The rider adjusted the martingale to ensure better control of the horse.
Often appears as...
- riding gear
- horse control
Usage tips
Neutral
riding equipment, horse training, equestrian gear
noun
A betting strategy in which the gambler doubles their bet after each loss, intending to recover all losses with a win.
He adopted a martingale strategy in his betting at the casino.
Often appears as...
- doubling bets
- recover losses
Usage tips
Neutral
betting strategy, risk management, gambling technique
noun
A mathematical sequence of random variables, where the expected value of the next value in the sequence is equal to the present value, given all previous values.
In probability, a martingale is used to model fair gambles.
Often appears as...
- random variables
- expected value
Usage tips
Formal
random process, stochastic process, gambling theory
noun
A piece of horse riding equipment used to keep a horse's head down, consisting of a strap from the saddle to the horse's head.
The rider adjusted the martingale to ensure better control of the horse.
Often appears as...
- riding gear
- horse control
Usage tips
Neutral
riding equipment, horse training, equestrian gear
Definition 1 of 3
Pro Tip 1/3Gambling Strategy
Martingale involves high risk but has the potential for high reward.
Use only if you can afford to lose several times.
Pro Tip 2/3Financial Implication
Martingale requires significant capital due to exponential growth of losses.
Be cautious with this method in real-life applications.
Pro Tip 3/3Probability Theory
In mathematics, martingale has a different meaning, referring to random processes.
Learn the definition in context when discussing statistics.
Pro Tip 1/3Gambling Strategy
Martingale involves high risk but has the potential for high reward.
Use only if you can afford to lose several times.
Pro Tip 2/3Financial Implication
Martingale requires significant capital due to exponential growth of losses.
Be cautious with this method in real-life applications.
Pro Tip 3/3Probability Theory
In mathematics, martingale has a different meaning, referring to random processes.
Learn the definition in context when discussing statistics.
Pro Tip 1/3Gambling Strategy
Martingale involves high risk but has the potential for high reward.
Use only if you can afford to lose several times.
Pro Tip 2/3Financial Implication
Martingale requires significant capital due to exponential growth of losses.
Be cautious with this method in real-life applications.
Pro Tip 3/3Probability Theory
In mathematics, martingale has a different meaning, referring to random processes.
Learn the definition in context when discussing statistics.
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