Three Ways to End a Fight
If the editor made no rules for the game, the combatants could fight until the audience asked for their dismissal. It was then up to the editor to decide whether to go along with the crowd's wishes or call for a fight until "the finger."
If the editor wished, he could order the fight to last until "the finger." After his weapons were cast aside, a gladiator could fall on his knees and raise his index finger to ask for mercy. Again, it was up to the editor to grant it.
The editor could also choose a game without dismissal (sine remissione), where fighting lasted until one combatant died. Augustus may have forbidden this version of the game, but if so, the prohibition was short-lived.
Signifying the End of the Fight
- When a gladiator went down, cries of Habet, Hoc habet! (He's had it!), and shouts of Mitte! (Let him go!) or Iugula! (Kill him!) could be heard. If able, the wounded gladiator would lay down his shield and raise his left hand to plea for mercy, which the crowd signified either by extending their thumbs up or down (pollice verso), turning the thumb upwards and jabbing it toward the heart (pollicem vertere) also was a sign of disapproval, and approval indicated by pressing the thumb and forefinger together (pollicem premere).
From (http://www.ancientsites.com/er/gladiators.html) Gladiators
Death was not the inevitable result of gladiatorial combat. The famous Morituri te salutant (Those who are about to die salute you) was said once to the Emperor Claudius on the occasion of a staged naval battle, not gladiatorial combat, according to Roger Dunkle's article (http://depthome.brooklyn.cuny.edu/classics/arena.htm) In the Arena.
As for thumbs up, there appears to be no evidence for it -- or at least, if it was used, it probably meant death, not mercy. A waving handkerchief also signified mercy, and graffiti indicates the shouting of the words "dismissed" also worked.
The Death
Honor was crucial to the gladiatorial games and the audiences expected the loser to be valiant even in death. The honorable way to die was for the losing gladiator to grasp the thigh of the victor who would then hold the loser's head or helmet and plunge a sword into his neck.
To make sure the loser wasn't pretending to be dead, an attendant dressed as Mercury would touch him with his hot iron wand. Another attendant, dressed as Charon, would hit him with a mallet.
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