Double Or Nothing...????

DVMNXK

DVMNXK

5,009
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Joined
Aug 17, 2004
Here's the scenario.

We put 20 Euro on a game of NBA 2K9.

I lost.

I asked to "run it back; double or nothing". Son agreed.

I won (Kobe FTW)

Dude is saying we're even now.

Where I'm from, this cat owes me 40 Euro.

Whose correct?

We've called various people back in the states, they all had different answers. There was only one way to solve this....

NT!

Good looking out.

kobe-bryant-6-med.jpg
 
no...he gets double if he wins again...if you win you get nothing
 
Neither one of you owes the other money. As everyone has said, if your boy had won the 2nd game you would have owed him 40, but you owe him nothing if youwin. It would be dumb for the bet to be the other way around, as your boy would be better off to take the 20 that you owed him from the first game and justbet it again, so that the worst that could have happened by him losing would be you being even. Hope that makes sense.
 
In gambling, double or nothing is where a person loses a bet on an outcome and the parties agree to "double or nothing," which means that anotherwager is made on a new outcome with the same stakes as the original bet. If the winner of the first bet also wins the second bet, he/she has then won a totalthat is double the original bet. If the loser of the first bet wins the second bet, that person will then win all the money, and owe the other party"nothing." Among friends, payment on the first wager is sometimes postponed pending the result of the second wager, and thus if the loser of theoriginal wager wins the second wager, no exchange takes place.

For example, Bob loses $10 in wager number 1 to Kelly. Bob calls "double or nothing" for a second wager without settling the first wager money, andKelly accepts. This means that no payment is yet made. If Bob wins the "double or nothing" bet, he wins $10 thus he and Kelly are now at even moneyfor the two wagers. (because both won once only). But if Kelly wins the "double or nothing" bet, Bob has now lost $20 (in total or "double"the original bet) to Kelly, making Bob poorer by $20 and Kelly richer by $20.
 
you broke even

1) first game you lost $20
2) second game you won. By saying double or nothing--options
a) had you lost you would owe him $40
b) had you won you owe him nothing
 
how can you NOT know you're even now?

Dudes dont even know what Double or Nothing means
smh.gif
 
Originally Posted by play2much2004

well where i'm from we double the bet so it would have been a 40 euro bet
Click to expand...
right, you doubled the 20 euro bet to 40 total euros, but you already down 20 euros


-20 euros -20 euros = -40 euros you owe("double" the original bet)
or
-20 euros + 20 euros = 0 euros you owe("nothing" owed, the two different 20 euro bets cancel each other)
 
I always thought this concept was simple but I have others ask this same question.
 
Originally Posted by E3LAL

I always thought this concept was simple but I have others ask this same question.
Click to expand...

I know. I thought it was self explanatory. But I guess not
 
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