Published online by Cambridge University Press: 12 March 2014
We introduce martingales defined by probabilistic strategies, in which randomness is used to decide whether to bet. We show that different criteria for the success of computable probabilistic strategies can be used to characterize ML-randomness, computable randomness, and partial computable randomness. Our characterization of ML-randomness partially addresses a critique of Schnorr by formulating ML randomness in terms of a computable process rather than a computably enumerable function.