Dutch book

English

Etymology

Uncertain.[1]

Noun

Dutch book (plural Dutch books)

  1. (gambling) A set of trades or bets such that, regardless of the outcome of events, one party strictly profits and another strictly loses.
    Synonym: lock

Derived terms

  • Dutch booked

References

  1. ^ http://people.virginia.edu/~pwh2a/dutch%20book%20origins.doc
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