double or quits

noun

1. a game, throw, toss, etc, to decide whether the stake due is to be doubled or cancelled

Example Sentences

The two weren't done, though, settling the friendly competition with a "double or quits" axe-throwing contest.

From Golf Digest

They agree to play a round for money: double or quits for the $10,000 Bond took off Goldfinger in Florida.

From The Guardian

Will Beijing’s double or quits bluff end in tears?

From Forbes

His cousin Jon was in a radio show, Waterlogged Spa, and Bill was offered a part in the programme's double or quits cash quiz.

From The Guardian

It presents him with a classic game of double or quits.

From BBC