"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:
“‘Tis probable Religion after this
Came next in order; which they could not miss.
How could the Dutch but be converted, when
The Apostles were so many fishermen?
Besides the waters of themselves did rise,
And, as their land, so them did re-baptize.”
—Andrew Marvell (1621–1678)
“The future? Like unwritten books and unborn children, you don’t talk about it.”
—Dietrich Fischer-Dieskau (b. 1925)