Definitions for double or quits
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Wiktionary
double or quits(Noun)
A bet of the same value as the initial one, resulting in either a doubling of a loss, or it being cancelled.
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"double or quits." Definitions.net. STANDS4 LLC, 2013. Web. 18 May 2013. <http://www.definitions.net/definition/double or quits>.

