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  5. Dutch book - Wikipedia

    en.wikipedia.org/wiki/Dutch_book

    Dutch book. In gambling, economics, and the philosophy of probability, a Dutch book or lock is a set of odds and bets that ensures a guaranteed profit (regardless of the outcome being bet on). [1] It is generally used as a thought experiment to motivate Von Neumann–Morgenstern axioms or the axioms of probability by showing they are equivalent ...

  6. Spread betting - Wikipedia

    en.wikipedia.org/wiki/Spread_betting

    Spread betting. Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting . A point spread is a range of outcomes and the bet is whether the outcome will be ...

  7. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    Mathematics of bookmaking. In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making ...

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  9. The $64,000 Question - Wikipedia

    en.wikipedia.org/wiki/The_$64,000_Question

    The $64,000 Question was an American game show broadcast in primetime on CBS-TV from 1955 to 1958, which became embroiled in the 1950s quiz show scandals. Contestants answered general knowledge questions, earning money which doubled as the questions became more difficult. The final question had a top prize of $64,000 (equivalent to $730,000 in ...

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