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Old 09-09-2002, 07:03 AM
Join Date: Apr 2002
Location: Edinburgh, Scotland
Posts: 824
What does "double or quits" mean?

If I have a bet with someone for $5 and I win, and the other person says double or quits and wins the next time, do I owe them $10, $5 or nothing?
Old 09-09-2002, 07:06 AM
Join Date: Dec 2000
Location: Gaithersburg, MD, USA
Posts: 10,316
You owe them $10, although technically it's only $5 of your own money.
Old 09-09-2002, 07:48 AM
Join Date: Nov 2000
Location: Montreal, QC
Posts: 57,227
As I understand it, you'll owe them nothing. Assuming "double or quits" is equivelant to the North American "double or nothing," this is how it works:

Bet 1 resolved, friend owes you $5.

Friend says "double or nothing/quits", essentially proposing another bet that will end with
a) him owing you double the original amount ($10), or
b) him owing you nothing.

He is proposing another $5 bet in an attempt to cancel his debt. If he wins, the score is even. If he loses, his debt doubles to $10.
Old 09-09-2002, 07:52 AM
Join Date: Dec 2000
Location: Gaithersburg, MD, USA
Posts: 10,316
The score would be even if the second bet was also for $5. If Person A loses $5 on the first bet and then wins $5 on the second bet, then you've got an even score, and no one pays diddley. But! If Person A loses $5 on the first bet, then WINS $10 in the second bet, he gets his $5 back plus $5 more.
Old 09-09-2002, 08:10 AM
Join Date: May 1999
Posts: 18,786
Douuble or nothign assumes even payout
You bet 5 and win, you are now owed 5. He said double or nothing he is betting you 5 again - if you win he owed you 10 (5+5), if he looses you both break even (5-5).

If double of quits means if you loose you will owe him 10 then if you win he should owe you 20 (assuming equal payouts)

I have heard double or quits but don't really know if it means one or the other - it could aslo mean that you must bet (double or nothing) or quit and take your winnings with no other bets allowed.

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