Richard Arnold Epstein quote: Generally, a betting system for which each wager depends only...

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system.

Richard Arnold Epstein

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"The Theory of Gambling and Statistical Logic, Revised Edition". Book by Richard Arnold Epstein, Chapter Three, Fundamental Principles Of A Theory Of Gambling, 1977.

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Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system. - Richard Arnold Epstein

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