"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:
“Too nice is neighbor’s fool.”
—Common Dutch saying, trans by Johanna C. Prins.
“The exercise of letters is sometimes linked to the ambition to contruct an absolute book, a book of books that includes the others like a Platonic archetype, an object whose virtues are not diminished by the passage of time.”
—Jorge Luis Borges (1899–1986)