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A gamble to decide whether a loss or debt from a previous bet should be doubled or canceled.
Person A wins $5 off of Person B. Person B says "Double or nothing". Person B wins the second bet and the preexisting loss is canceled and no one receives money. If Person A wins the second then he receives double the amount of the first bet.
by qwertyuiop7777 May 17, 2015
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Jul 6 Word of the Day
Phrase meaning that a deceased cannot rest in peace until society changes due to the circumstances of a death.
People said rest in power for the unarmed man had been shot by the police.
by FooBarBiz October 12, 2017
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2
A bet that has to be agreed on by both parties to decide whether a loss or debt from a previous bet should be doubled or canceled.
Person 1: I bet you double or nothing that a dumb political bet I made in 2017 will for sure come true in 2018.
Person 2: LOL, nah. I'll take my money now
by minihulk380 April 23, 2018
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3
To make a second wager following a first one. The loser of the first wager will either owe the winner of the first wager double the original bet (if he loses again) or nothing (if he wins).
Fred and Raul bet $10 on a ping pong game. Fred won the first game, so Raul owes him $10. Raul offers "double or nothing." Fred accepts. If Fred wins again, Raul owes him double the original bet ($20). If Raul wins the second game, they are even and he owes Fred nothing.
by wh33ls January 14, 2010
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6
The option in a bet where one of the contestants say they would like to play again (whatever they are playing) for double the amount of the original bet or lose everything they're in for.
Two guys playing pool:

Guy #1: Aw, damn! You beat me. Guess I owe you the $50... Hey, wait. Double or nothing?

Guy #2: Sure, bud. Your loss :)

*Guy #2 looses*
*Guy #1 receives $100*
*Guy #2 cries like pathetic emo child*
by MicCheck May 12, 2005
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