What is the meaning of to go for broke

What Does it Mean to Go for Broke?

The phrase “to go for broke” is a colloquialism that means to take a risk, to put everything on the line, or to be all-in. It is often used in a financial context, but can refer to any situation in which an individual is willing to take a risk and put everything they have on the line.

The phrase has its origins in gambling, specifically the game of craps. In craps, a player can bet “for the come” or “for the don’t come”. If a player bets “for the come”, they are betting that the next roll of the dice will be a seven or eleven. If a player bets “for the don’t come”, they are betting that the next roll of the dice will be a two, three, or twelve. If a player bets “for the come” or “for the don’t come”, they are betting all of their chips on one roll of the dice. This is what is meant by “going for broke”.

The phrase has since been used to refer to any situation in which an individual is willing to take a risk and put everything they have on the line. This could be in a financial context, such as investing all of one’s money in a risky venture, or it could be in a personal context, such as taking a chance on a relationship or a job opportunity. In any case, the phrase implies that the individual is willing to risk it all in order to achieve a desired outcome.

In summary, “to go for broke” is a phrase that means to take a risk, to put everything on the line, or to be all-in. It is often used in a financial context, but can refer to any situation in which an individual is willing to take a risk and put everything they have on the line.

Educational Encyclopedia