Definition of double or quits
British
: with the result that a gambler either wins two times as much money as he or she has already won or loses all of the money : (US) double or nothing
I won $20 on the first game but lost it on the second game going double or quits.
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“Double or quits.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/double%20or%20quits. Accessed 17 Jun. 2021.
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