"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:
“Paradise endangered: garden snakes and mice are appearing in the shadowy corners of Dutch Old Master paintings.”
—Mason Cooley (b. 1927)
“Of all the ways of acquiring books, writing them oneself is regarded as the most praiseworthy method.... Writers are really people who write books not because they are poor, but because they are dissatisfied with the books which they could buy but do not like.”
—Walter Benjamin (1892–1940)