A martingale inequality is a mathematical inequality that can be used in statistics to assess the risk of losing money gambling.
The equation states that the probability of losing money gambling is equal to the square of the amount wagered, times the previous loss.
The Doob’s martingale inequality is a special case of this equation in which the bet size is always doubled after every loss.
This inequality can be used to identify when a gambler’s chances of losing money are increasing exponentially.
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