martingale etymology

Etymology

The term "martingale" is derived from the French word "martingale", which in turn comes from the Occitan word "martingala", meaning "halter".

Meaning

A martingale is a betting system in which a gambler doubles their bet every time they lose, with the goal of eventually recovering their losses and making a profit.

Origin

The origin of the martingale betting system is uncertain, but it is believed to have been developed in the 18th century. The system is named after the French mathematician Jean Le Rond d'Alembert, who wrote about it in his 1754 book "Essai sur les jeux de hasard". D'Alembert's system was based on the idea that, in a fair game where the odds are even, a gambler who doubles their bet every time they lose will eventually win back their losses.

However, the martingale system is a fallacy. In practice, it is impossible for a gambler to double their bet indefinitely. Eventually, they will run out of money or reach the table limit, and they will lose all their winnings.

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