The phrase "double or nothing" is a gambling term that means a gambler either wins twice as much money as they have already won or loses all the money they initially won. It is essentially a bet that either doubles the winnings or results in losing everything gained so far. In practical terms, it is like doing the same bet again with the stakes doubled, where winning means doubling the winnings and losing means losing them all.
Besides the gambling context, "Double or Nothing" is also the name of a professional wrestling pay-per-view (PPV) event produced by All Elite Wrestling (AEW). It has been held annually since 2019, usually around Memorial Day weekend, with a Las Vegas/casino theme until 2025. The event features multiple wrestling matches and is one of AEW's major yearly shows.
In summary:
- Gambling meaning: a bet to double winnings or lose all.
- AEW event: an annual major wrestling show named "Double or Nothing."
If further details are desired about the gambling usage or AEW event history, those can also be provided.
