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Double or nothing.

a gamble to decide whether a loss or debt should be doubled

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About Double or nothing

Double or nothing is a gamble to decide whether a loss or debt should be doubled. The result of a "double or nothing" bet is either cancellation of a debt or the doubling of a debt. It can be seen as a gentleman's agreement which grants losers of an initial bet a chance to win their money back, with minimal risk to the winner.

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