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An early [Australianism] (circa early 20th century), said during moments of anxious [expectation], generally after the commencement of moments of chance, for example awaiting imminent news; the results of a sports match, or an attempted task with an unknown, random result. [Historically] the phrase entered the vernacular in the first half of the 20th century, coined during betting matches of 'two-up', but the etymology may stem from roulette.
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