gambler's ruin

noun

The fact that a gambler playing a game with negative expected value will eventually go broke, regardless of the betting system used.

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Meanings

noungambler's ruin (uncountable)
  1. uncountablemathematicsThe fact that a gambler playing a game with negative expected value will eventually go broke, regardless of the betting system used.
Cite this entry
APA

gambler's ruin. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/gambler's%20ruin

MLA

“gambler's ruin.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/gambler's%20ruin. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “gambler's ruin,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/gambler's%20ruin.

Source: gambler's ruin on Wiktionary, CC BY-SA 4.0.