an expression meaning a situation in which one factor alone can change or cancel out everything
When Janine is around Corey, all bets are off...the poor dude just can't be himself anymore.
von hipster 28. Februar 2004
Can you define these popular missing words?
The situation has drastically changed. Any guarantees, implications, or assumptions regarding its outcome no longer apply.
The car should run OK. If you wanna race it, though, all bets are off.
von Dances With Peons 29. September 2010