The phrase "called all bets off" is often used to refer to cancelling or voiding a wager. In terms of spelling, the word "called" is pronounced /kɔːld/ with the long "o" sound in the first syllable, whereas "bets" is pronounced /bɛts/. The word "off" is pronounced /ɒf/ with a short "o" sound. When combined, the phrase is pronounced /kɔːld ɔːl bɛts ɒf/, with stress on the second syllable of "bets" and the first syllable of "off".
"Called all bets off" is a colloquial expression used in gambling contexts and figuratively, to describe a situation where a previous agreement or expectation is cancelled or disregarded. Derived from the world of card games, where players place bets or wagers on the outcome, the phrase conveys the idea of terminating all existing bets or wagers, indicating a decision to disregard or nullify previous arrangements.
In a gambling scenario, when a player "calls all bets off," it means that they have decided to amend or abolish all wagers made on a particular round or game. This action might be triggered by a change in circumstances, lack of confidence in the outcome, or an abrupt refusal to uphold the previous agreement. By "calling all bets off," the player effectively cancels all financial obligations connected to the wagers, in turn resetting the game or round without any pre-existing conditions.
Figuratively, outside the gambling context, "called all bets off" is used to express the cancellation or abandonment of a plan, promise, or expectation. This can happen due to unforeseen circumstances, a change in priorities, lost trust, or the realization that the previous agreement or understanding is no longer viable. By "calling all bets off" in such situations, individuals or parties revoke their commitment and release themselves from any obligations or responsibilities resulting from the previously agreed-upon arrangement.