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a phrase that is often used in gambling to describe a bet in which the player has the option to double their winnings or lose everything, depending on the outcome of a subsequent event
What is "double or quits"?
"Double or quits" is a gambling term where a person risks their current winnings in an attempt to double them, with the possibility of losing everything if they fail. In this scenario, the player has the option to bet their winnings on another round or event, aiming to either double their money or lose it all. This type of bet often adds excitement but also increases the risk. The term can also be used informally to describe any situation where someone decides to take a risky chance with the possibility of a big reward or complete loss.
