"Calling all bets off" is a phrase used to cancel or withdraw a previous agreement or bet. The spelling of the word "calling" is /ˈkɔːlɪŋ/ with the stress on the first syllable and the "a" pronounced as in "father". The word "all" is pronounced /ɔːl/ with a long "o" sound, and the stress on the first syllable. The word "bets" is pronounced /bɛts/ with a short "e" sound, and the stress on the first syllable. Lastly, the word "off" is pronounced /ɒf/ with a short "o" sound and no stress on any syllable.
"Calling all bets off" is an idiomatic expression that refers to a situation where a previous agreement, arrangement, or plan is being canceled or abandoned, typically due to unforeseen circumstances or a change in circumstances. This phrase is often used in the context of sports or gambling, specifically in relation to bets or wagers made on the outcome of a particular event.
In essence, "calling all bets off" means that any previously agreed-upon wagers or commitments are now null and void, and individuals involved are no longer obligated to follow through with their respective bets or stakes. This cancelation may occur if a significant change or unexpected event alters the conditions under which the wagers were placed, making the outcome uncertain or irrelevant.
The expression can also be used more broadly outside the realm of gambling, to signify the reversal or abandonment of any prior agreement or arrangement. It implies that all parties involved are to disregard any previous commitments or expectations, and start over or reconsider the situation from scratch.
"Calling all bets off" suggests a complete cancellation or resetting of the betting or agreement process. It serves as an announcement or declaration, indicating that the initial plans or stakes are no longer valid, and a fresh start is necessary.