Martingale (betting system)
id:
martingale-betting-system-173-5727430
title:
Martingale (betting system)
text:
A martingale is a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. Thus the strategy is an instantiation of the St. Petersburg paradox. Since a
brand slug:
wiki
category slug:
encyclopedia
description:
A gambling strategy where the amount is raised until a person wins or becomes insolvent
original url:
https://en.wikipedia.org/wiki/Martingale_(betting_system)
date created:
2003-07-17T23:23:13Z
date modified:
2024-09-02T04:03:13Z
main entity:
{"identifier":"Q581601","url":"https://www.wikidata.org/entity/Q581601"}
image:
fields total:
13
integrity:
15