Martingale

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Martingale \Mar"tin*gale\, Martingal \Mar"tin*gal\, n. [F.
     martingale; cf. It. martingala a sort of hose, martingale,
     Sp. martingala a greave, cuish, martingale, Sp. alm['a]rtaga
     a kind of bridle.]
     1. A strap fastened to a horse's girth, passing between his
        fore legs, and fastened to the bit, or now more commonly


        ending in two rings, through which the reins pass. It is
        intended to hold down the head of the horse, and prevent
        him from rearing.
        [1913 Webster]
  
     2. (Naut.) A lower stay of rope or chain for the jib boom or
        flying jib boom, fastened to, or reeved through, the
        dolphin striker. Also, the dolphin striker itself.
        [1913 Webster]
  
     3. (Gambling) The act of doubling, at each stake, that which
        has been lost on the preceding stake; also, the sum so
        risked; -- metaphorically derived from the bifurcation of
        the martingale of a harness. Called also {Martingale
        strategy}. Such a betting strategy does not change the
        overall likelihood of winning, but in a short run it
        increases the probability of winning a small sum,
        balancing it against an increased probability of losing a
        large sum. [Cant] --Thackeray.
        [1913 Webster +PJC]

From WordNet (r) 2.0 [wn]:

  martingale
       n 1: a harness strap that connects the nose piece to the girth;
            prevents the horse from throwing back its head
       2: spar under the bowsprit of a sailboat [syn: {dolphin striker}]