Definitions

1. noun

a strap or band that is passed under the chin and attached to the bridle or harness of a horse, used to control the horse’s head or to keep the bit in place.

“The rider used a martingale to keep the horse’s head in line during the competition.”

2. noun

a betting system in which the stake is doubled on each successive loss, in the hope of recovering previous losses.

“The gambler’s martingale strategy eventually led to a significant financial loss.”

3. noun

a statistical technique used in probability theory to analyze and model random processes.

“The mathematician used martingale theory to understand the behavior of a complex financial system.”

4. verb

to control or restrain (a horse’s head or movement) using a martingale.

“The rider martingaled the horse to prevent it from bolting.”