To take a big risk to succeed, even if you might fail.
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To risk everything in a bold, all-or-nothing attempt to succeed.
When you go for broke, you commit fully to a high-stakes effort with no holding back, accepting that you could lose everything or gain everything.
It is used when someone decides to make a maximum effort with no safety net.
"Throw Caution to the Wind"
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Acting boldly and ignoring the risks to pursue something you want spontaneously
"All In"
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Fully committed to a course of action, especially in a poker or betting context
"Go for Broke"
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Risking everything in a maximum, all-or-nothing attempt at success