English-Latin translations for martingale
Definition of martingale
- A piece of harness used on a horse to keep it from raising its head above a desired point
- A stochastic process for which the of future values given the sequence of all prior values is equal to the current value
- A gambling strategy in which one doubles the stake after each loss
- To employ the martingale strategy in gambling
Examples
- If a gambler plays a fair game repeatedly, his payoff over time is a martingale
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