This article is rated Start-class on Wikipedia's content assessment scale. It is of interest to the following WikiProjects:

Gambling Mid‑importance This article is within the scope of WikiProject Gambling, a collaborative effort to improve the coverage of Gambling on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.GamblingWikipedia:WikiProject GamblingTemplate:WikiProject GamblingGambling articles Mid This article has been rated as Mid-importance on the project's importance scale. WikiProject Gambling To-do: history watch purge Current collaborations: Improve an article to FA Improve an article to A Help with the Gambling articles needing attention. Tag the talk pages of Gambling-related articles with the {{ WikiProject Gambling}} banner. The link to the Missouri gambling site is now out of date and needs to be updated. Japan section reads as though it was written by the gambling industry - quotes of 160% returns are 'citation needed'. Philosophy High‑importance This article is within the scope of WikiProject Philosophy, a collaborative effort to improve the coverage of content related to philosophy on Wikipedia. If you would like to support the project, please visit the project page, where you can get more details on how you can help, and where you can join the general discussion about philosophy content on Wikipedia.PhilosophyWikipedia:WikiProject PhilosophyTemplate:WikiProject PhilosophyPhilosophy articles High This article has been rated as High-importance on the project's importance scale. Economics Top‑importance This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics articles Top This article has been rated as Top-importance on the project's importance scale. Game theory Low‑importance This article is part of WikiProject Game theory, an attempt to improve, grow, and standardize Wikipedia's articles related to Game theory. We need your help! Join in | Fix a red link | Add content | Weigh inGame theoryWikipedia:WikiProject Game theoryTemplate:WikiProject Game theorygame theory articles Low This article has been rated as Low-importance on the importance scale. Statistics Top‑importance This article is within the scope of WikiProject Statistics, a collaborative effort to improve the coverage of statistics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.StatisticsWikipedia:WikiProject StatisticsTemplate:WikiProject StatisticsStatistics articles Top This article has been rated as Top-importance on the importance scale.

Fascinating. Sweetfreek 21:02, 23 Jun 2005 (UTC)

If you liked this article, you should also like coherence (philosophical gambling strategy). Michael Hardy 23:40, 23 Jun 2005 (UTC)

I think the gambling section needs to be better explained, especially the gambling terminology used. Why does the bookie need to pay out $200 no matter what happens? I don't get it. -- Zeno of Elea 04:22, 23 July 2005 (UTC) reply

If Horse 1 wins, the bookmaker returns 100 of stake, plus 100 (evens) so 200. If Horse 2 wins the payout is 50 of stake plus 150 (3/1), and so on. -- Henrygb 00:58, 25 May 2006 (UTC) reply

I would be happy to see some etimological background too. As I know the "dutch whatever" structure is used in english to say that something is of low quality, while this is definitely not true to dutch book. One really nice game (in the general sense, not economic) with this double meaning of "dutch" is in one of Matthew Rabin's articles; something like "several professors wrote dutch chapters, but none of them has a dutch book".

I tried to reflect the clarification given by Henrygb in the table, since I also had no gambling background and had to take a little time to figure out what was being said. Hopefully this is correct (there was also an error in one of the stakes, I believe - see changes) 83.103.77.181 ( talk) 11:23, 5 January 2008 (UTC) reply

Apropos of that, I thought a Dutch Book was one that the bookie screwed up so that he loses money. In other words, a low quality book. I ran across the expression in a book about Saratoga Springs. NY, in its heyday, when a bookie was driven out of business because he didn't understand what he was doing. (Edit) In other words, the example in the article in which Horse 4 withdraws from the race. Fabulous bawd : the story of Saratoga / by Mel Heimer. 72.182.33.219 ( talk) 01:12, 18 August 2014 (UTC) Eric reply

This article is low interest, it seems, but as I suggest above, it is totally wrong and has the definition backwards. A Dutch Book is one in which the probabilities add up to less than 1 and the bookie loses money to someone who bets on every horse. A properly figured "Book" needs no adjective, the track or the bookie always wins if bettors bet randomly or on every horse. 72.182.33.219 ( talk) 22:04, 12 December 2014 (UTC) Eric reply

I reiterate the above and point out that in the article "Dutching" wikipedia says: "This is not to be confused with what constitutes a Dutch book which is when a bookmaker goes overbroke (the opposite to overround)." The concept of "overround" is explained well (although from an obviously British POV) in the article Mathematics of bookmaking. Overround is what a bookmaker wants: he makes money. The Dutch book is the opposite. 173.174.85.204 ( talk) 20:56, 28 December 2015 (UTC)Eric reply

I see that the article has been corrected. Wastrel Way ( talk) Eric

As far as I studied economics I encounter only the economists who argued that transitive preferences are not present. Shouldn't the section pointed out who, if anyone, states such consumer exists? Uzytkownik ( talk) 21:35, 21 January 2009 (UTC) reply

This information should be included in the article and cited appropriately. 128.195.57.188 ( talk) 22:21, 20 July 2010 (UTC) reply

The article could do a better job of separating:

* The concept of a Dutch Book
* The Dutch Book Argument of anthropic probability  — Preceding 
unsigned comment added by 
86.180.183.140 (
talk) 08:53, 30 January 2016 (UTC)
reply 

Clearly needed. Merged article should talk about how Dutch books imply:

1. VNM axioms of independent and acyclic preferences, together with asymptotic completeness
2. Probability axioms (Bayes rule, unitarity, countable additivity)

The material can be taken from Leonard Savage's books on the foundations of decision theory and probability. Closed Limelike Curves ( talk) 18:39, 4 March 2024 (UTC) reply