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English definition of “you've got nothing to lose”

you've got nothing to lose

( also what have you got to lose?) informal
used to say that you cannot make things worse, or cause any disadvantages for yourself by doing a particular thing: Why don't you take the job? You've got nothing to lose.
(Definition of you've got nothing to lose from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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