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gambler's ruin

   Also found in: Wikipedia 0.03 sec.
gambler's ruin [¦gam·blərz ′rü·ən]
(statistics)
A game of chance which can be considered to be a series of Bernoulli trials at which each player wins a specified sum of money for every success and loses another sum for every failure; play goes on until the initial capital is lost and the player is ruined.


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