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A bet you make when you're too thick to realize you're gonna lose. It's like betting your last fiver on a donkey race while the donkey is already dead.
I bet $20 on the dog race and lost. Now I'm betting $40 on the same dog race. I'm a total muppet.
He bet his lunch money on a coin flip and lost. Now he's betting his dinner money on the same coin flip. What's wrong with him?
She placed a bet on a football match and lost. Now she's doubling down like she's in a madhouse.