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Martingales

A piece of harness used on a horse to keep it from raising its head above a desired point.

📖 Definitions of "Martingales"

noun

1
A piece of harness used on a horse to keep it from raising its head above a desired point.
2
A spar, or piece of rigging that strengthens the bowsprit.
3
A stochastic process for which the conditional expectation of future values given the sequence of all prior values is equal to the current value.
"If a gambler plays a fair game repeatedly, his payoff over time is a martingale."
4
A gambling strategy in which one doubles the stake after each loss.

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