Double or quits
Definition 1 of 1
Pro Tip 1/3Risk Awareness
Understand that 'double or quits' involves the risk of losing more or breaking even. 
She decided to go double or quits, knowing she could either lose everything or get back to where she started.
Pro Tip 2/3Gambling Context
'Double or quits' is often used in gambling, where stakes can be high. 
The blackjack player, feeling lucky, shouted 'double or quits!'
Pro Tip 3/3Colloquial Use
The phrase is colloquial; use it in casual conversations rather than formal writing. 
After the friendly game, Joe offered a double or quits round to redeem himself.