"Dutch Books"
A person who has set prices on an array of wagers in such a way that he or she will make a net gain regardless of the outcome, is said to have made a Dutch book.
Read more about this topic: Coherence (philosophical Gambling Strategy)
Famous quotes containing the words dutch and/or books:
“The French courage proceeds from vanity—the German from phlegm—the Turkish from fanaticism & opium—the Spanish from pride—the English from coolness—the Dutch from obstinacy—the Russian from insensibility—but the Italian from anger.”
—George Gordon Noel Byron (1788–1824)
““The life of reason”Ma phrase once used by people who thought that reading books would deliver them from their passions.”
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