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Definitions by Ice Indicator Gnome

Dougie Double Down (DDD) 

When you “hedge” your bet by increasing your stakes with slightly more favorable terms, so not really hedging at all.
I bet you a box of donuts I can run a 5K in under 23 minutes. Minutes later I’ll Dougie Double Down (DDD) by betting another box of donuts that I can run a 5K in under 25 minutes.