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What is a martingale?

What is a martingale? Here are some definitions.

Noun
  1. A piece of harness used on a horse to keep it from raising its head above a desired point.
  2. (nautical) A spar, or piece of rigging that strengthens the bowsprit.
  3. (mathematics) A stochastic process relating random variables to earlier values
  4. A gambling strategy in which one doubles the stake after each loss.
  5. (fencing) A strap attached to the sword handle, preventing a sword being dropped if disarmed.
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When the standing martingale is used it is fastened to the noseband or to the cavesson, which many use in its place.
As a baseline, all horses will go in a snaffle bridle with no martingale.
No matter what the game, losing streaks come as surely as nightfall, and sooner or later every gambler discovers the martingale.
Our software does not promise any martingale or reducing system with guarantee of results.
The horses have to stabilise themselves and do not use the martingale. Therefore the musculature is build up more accurately.
To learn the two track maneuver, use a martingale or a snaffle bit with draw reins to encourage the horse to flex through the poll and keep his head still.

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