Usually used in Gambling. To double the amount of a previous bet. Whoever wins will in exchange get twice the amount of the bet before.
Two people arm wrestling, the winner will get $10.
First Guy: Awh you beat me, let's double or nothing.
Second Guy: Okay, lets play again.
Second guy loses, First guy wins double the previous bet, being $20 even though he lost the first time.
First Guy: Awh you beat me, let's double or nothing.
Second Guy: Okay, lets play again.
Second guy loses, First guy wins double the previous bet, being $20 even though he lost the first time.
by Lateeshaaaa January 13, 2008
Get the double or nothingmug. by Double or nothing February 3, 2020
Get the Double or nothingmug. 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
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 23, 2020
Get the Double or nothingmug.