Meaning of the word "go for broke" in English

What does "go for broke" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

go for broke

US /ɡoʊ fɔr broʊk/
UK /ɡoʊ fɔr broʊk/
"go for broke" picture

Idiom

1.

to risk everything in an attempt to achieve something

Example:
He decided to go for broke and invest all his savings in the new business.
With only a few minutes left, the team had to go for broke and try an aggressive play.
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