Glossary · money
Drawdown
The fall from a bankroll peak to a later low within a session. Maximum drawdown is the largest such fall.
In context
ProgressionsstrategyProgressionAny rule that changes the stake based on previous results. Negative progressions raise it after losses, positive after wins.Read full → like MartingalestrategyMartingaleProgression that doubles the bet after each loss. See the Strategy section for what it does and does not do.Read full → show small drawdowns most of the time and one very large one occasionally.
Did you know
The term is borrowed from finance, where a fund’s “max drawdown” is the number investors look at before its average return.