![]() ![]() ![]() Double or nothing tournaments are mostly played by ten players (five players win) or six players (three-win), although multi-table versions, such as for 20 players, exist. In poker, a double or nothing tournament is a sit'n'go tournament where half of the surviving players get double the buy-in and the eliminated half does not receive any prizes. If person B lost they would owe double but since they won, they owe nothing. If person B wins bet 2, person B no longer owes any money to person A.$5 from the first bet + $5 from the second = $10 total. If person A wins bet 2, they are owed $10 total from Person B.Before the initial bet is repaid, Person A and Person B agree to a second bet, also in the amount of $5 because the bet was doubled or "Double or Nothing".Person A wins an initial $5 bet against Person B.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. ![]() The result of a "double or nothing" bet is either cancellation of a debt or the doubling of a debt. For other uses, see Double or Nothing (disambiguation).ĭouble or nothing (UK often double or quits) is a gamble to decide whether a loss or debt should be doubled. ![]()
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