Martingale

/ˈmɑr.tɪnɡeɪl/

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.

Neutral

betting strategy, risk management, gambling technique

Definition 1 of 3

Pro Tip 1/3

Martingale involves high risk but has the potential for high reward.

Use only if you can afford to lose several times.

Pro Tip 2/3

Martingale requires significant capital due to exponential growth of losses.

Be cautious with this method in real-life applications.

Pro Tip 3/3

In mathematics, martingale has a different meaning, referring to random processes.

Learn the definition in context when discussing statistics.

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