double or quits


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double or quits

A wager that can be used in any sort of competition, wherein the winner would receive twice the prize or nothing. Hyphenated when used as an adjective. Primarily heard in UK. Come on, one more match, double or quits! If you win, you don't have to pay. I beat my brother at billiards for the second time in our double-or-quits game. Now he owes me $100 instead of $50!
See also: double, quits

ˌdouble or ˈquits

(British English) (American English ˌdouble or ˈnothing) (in gambling) a risk in which, if you lose you will have to pay twice the amount of money you owe, or if you win, will not owe anything
Quits means that two people are now equal and do not owe each other anything, especially money.
See also: double, quits