1 definition by Betting Official

The loser of the bet has the right to call “double or nothing” when a bet is lost. The previous bet is doubled and the winner can win twice that amount. A double or nothing call must be honored and accepted without question.
Eric: a win the bet, you owe me 10!
Vito: aww man, good bet! I declare double or nothing!

Eric: I don’t accept
Vito: you have to! It’s the rules
Eric: oh snap! You’re right! I’ll take under 40 for Jokic tomorrow
Vito: sounds good bro
by Betting Official September 24, 2020
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