martingale
Preserved but no longer current.
A gambling term, which means the doubling of a stake every time you lose; so that when you win once you win back all that you have lost. So called from the fact that, as in all fair games you must win once, you have a safe hold of fortune. The difficulty is to obtain a bank large enough to do this effectively, or having the bank to find any one who will follow you far enough, in a fair game.
Era: ca. 1874 (Victorian)
Sources & notes
Historical definition reproduced from Hotten’s The Slang Dictionary (1874, public domain; Project Gutenberg #42108, retrieved 2026-07-31). Reflects the attitudes of its era.
Common questions
What does “martingale” mean?
A gambling term, which means the doubling of a stake every time you lose; so that when you win once you win back all that you have lost. So called from the fact that, as in all fair games you must win once, you have a safe hold of fortune. The difficulty is to obtain a bank large enough to do this effectively, or having the bank to find any one who will follow you far enough, in a fair game.
Is “martingale” formal or informal?
No register label has been reviewed yet — treat it as neutral and check the usage notes above.