Let's Unravel the Mystery: What's It Called When You Gamble and Nothing Happens?
Hey there, folks! Today, we are diving into the exciting world of bets and wagers, where the unexpected and thrilling outcomes keep us on the edge of our seats. But have you ever wondered about that peculiar bet where you either lose or nothing happens? Fear not, dear readers, for we are here to shed light on this enigmatic phenomenon.
So, what's it called when it's a bet where you either lose or nothing happens? Let's embark on this adventure together and find out!

The Dull Delusion of the "ZeroSum Game":
Ever heard of the term "zerosum game"? Well, this is where our mysterious bet finds its name. In a zerosum game, the total value of all possible outcomes remains constant, meaning there's no positive outcome to be gained. It's like playing a game of rockpaperscissors, where either you lose or simply tie, leaving you right where you started. How peculiar, isn't it?

The Unfortunate Encounter with "All or Nothing":
Another way to describe this type of bet is by referring to it as an "all or nothing" situation
What happens if I lose a sports bet?
What's a good punishment for losing a friendly bet?
 Wear a ridiculous outfit for a day.
 Give up your favorite food for a week.
 Walk around with a sign that reads "loser."
 Wear the opponent's jersey for the rest of the day.
 Eat something disgusting after losing in a cookoff.
 Be at the beck and call of the winner for a day.
What happens if you lost a bet slip?
How do you get over losing a bet?
In order to get over a gambling loss, you must come to a place of acceptance, where you realize that that money is gone, and no amount of groveling will get the money back. This can be a difficult thing to come to terms with.
Do you lose money if you lose a sports bet?
Is the Martingale strategy illegal?
Frequently Asked Questions
What is wrong with the Martingale strategy?
Is it possible to bet on all outcomes?
Is it illegal to bet on both outcomes?
Is there a way to bet without losing?
Why can't you just keep doubling your bet?
Why the martingale strategy doesn't work?
Is the martingale strategy illegal?
Do casinos kick you out for martingale?
Does doubling your bet work?
FAQ
 Is it illegal to double bet?
 Simply put, no, it is not illegal. It won't even get you banned if you are caught using it. The casinos would probably love to see you doubling your bet every time you lose because it means that soon enough they will have all your money. (Remember, while you do not have infinite money, the casino basically does.)
 How much do I win if I bet $100 on odds?
 Decimal odds explained
For example, a $100 bet made at decimal odds of 3.00 would return $300 ($100 x 3.00): $200 in profit and the original $100 amount risked. A $100 bet made at decimal odds of 1.50 would return $150: $50 in profit and the original $100 amount risked.
 What is the double bet strategy?
 The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake.
 How does a triple bet work?
 A treble bet is simple to understand. It's where you take three single outright selections, often known as legs, that are combined into one multiple bet. The treble bet needs all three selections to be successful for your bet to win. If one of the three selections is unsuccessful, then the entire treble bet loses.
 What is the 3 way bet rule?
 Whereas a typical moneyline bet involves a bet on one of two options, threeway moneyline betting involves three options. When wagering on a threeway moneyline, you can bet either Team A to win, Team B to win, or for the event to end in a tie (sometimes referred to as a 'draw').
 Does martingale strategy actually work?
 The Martingale System promotes a lossaverse mentality that tries to improve the odds of breaking even. However, it increases the chances of severe losses if the odds of the different outcomes happening are not equal or if you do not have the funds to continue making investments until you turn a profit.
 What is an example of a treble bet?
 Treble bets
For example, if the odds are 4/1, 5/1 and 6/1 the treble bet odds will all go up by one and become 5/1, 6/1 and 7/1 respectively. The figures are then multiplied: five multiplied by 6 multiplied by 7 to produce a figure of, in this case, 210. The odds are therefore 209/1 (209+1=210).
 How much is a $2 box Trifecta?
 Trifecta box bets cost more than straight trifectas because they cover every winning combination, but they significantly increase the bettor's odds of winning. For example, a $2 threehorse trifecta box costs $12.
 What is the doubling bet technique?
 The Martingale betting system works by betting on an even chance bet. And then simply doubling your bet every time you lose for example start by placing five dollars on red if the result is a black
Why no double your bet every time until you win
What is the martingale rule?  The Martingale Strategy states that one must double the size given a loss. The theory behind the strategy is that you regain whatever's been lost. Similarly, an antiMartingale Strategy states that one must increase the trade size given a win. 
Do casinos kick you out for Martingale?  No, but there's no reason they would ever kick anyone out for that. Far more likely, the player would get a comp of some kind to encourage them to play longer. 
What does double your bet mean?  By repeatedly doubling the bet when they lose, the gambler, in theory, will eventually even out with a win. This assumes the gambler has an unlimited supply of money to bet or at least enough money to make it to the winning payoff. 
What is the strategy of doubling your bet?  The Martingale system in roulette is a negative progression strategy that requires you to double your bet amount after a loss. You keep going until you finally win, and you then go back to the start. A Martingale system calculator can help you work out how much to wager, but it is pretty simple. 
What is an example of a double bet?  Here is an example of an eachway double bet if you bet £10 on two horses at 7/4 and 5/1. Your potential winnings would be £192. That's £165 for the win part, including your stake money as it multiplies, and then £27, including the place stake as that multiplies, for the place part. 
What is a double result bet?  In sports betting, a double result bet is offered on the score of a game at both halftime and at the end of the game. This has become an increasingly popular betting option as opposed to simply betting on a team to win outright, which is a bet that can often have short odds. 
Why does doubling your bet not work?  Because you don't have an infinite amount of money. If you have $1000 and start by are betting $1 on a coin flip, over the long run, you will likely have a losing streak that will wipe out your stake. You will be unable to double your bet, and you'll walk away broke. 
What is the problem with the Martingale strategy?  One problem using the Martingale Betting System is you're going to need a pretty substantial sports betting bankroll to make it happen. Losing streaks are inevitable. Even with a $100k bankroll, you will likely face at least one “win or go home” scenario during your first year. 
 What is the 100% profitable Martingale strategy?
 Martingale Strategy dates back to the 18 century, and many places especially in Las Vegas have banned it, because the probability of making money with it is 100% if your pockets are deep enough that is. The idea is pretty simple, when you lose money, double the trade amount, and keep doubling until you have a winner.
 What is the alternative to the martingale strategy?
 The antiMartingale, or reverse Martingale, system is a trading methodology that involves halving a bet each time there is a trade loss and doubling it each time there is a gain. This technique is the opposite of the Martingale system, whereby a trader (or gambler) doubles down on a losing bet and halves a winning bet.
 Why does the Martingale strategy not work?
 The Martingale System does not guarantee success for a variety of reasons. For example, most exchanges place a limit on trade size. At some point, you will not be able to keep doubling the size of your investment because you will reach that limit. If you haven't made back your money by that point, you won't be able to.
 What is the double bet strategy in gambling?
 The Martingale system in roulette is a negative progression strategy that requires you to double your bet amount after a loss. You keep going until you finally win, and you then go back to the start. A Martingale system calculator can help you work out how much to wager, but it is pretty simple.
 What is the gamblers fallacy of Martingale?
 Gambler's fallacy is the mistaken belief that a random event will occur simply because a series of the opposite of that event has taken place. It's a fallacy because random and independent events have no bearing on each other and thus cannot influence a future outcome.
 What is the martingale strategy?
 The Martingale strategy involves doubling up on losing bets and reducing winning bets by half. It essentially a strategy that promotes a lossaverse mentality that tries to improve the odds of breaking even, but also increases the chances of severe and quick losses.
 What is the 100% profitable martingale strategy?
 Martingale Strategy dates back to the 18 century, and many places especially in Las Vegas have banned it, because the probability of making money with it is 100% if your pockets are deep enough that is. The idea is pretty simple, when you lose money, double the trade amount, and keep doubling until you have a winner.
 What is the Kelly criterion strategy?
 The Kelly Criterion is used to determine the optimal size of an investment, based on the probability and expected size of a win or loss. The Kalman Filter is used to estimate the value of unknown variables in a dynamic state, where statistical noise and uncertainties make precise measurements impossible.