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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 tell someone that they cannot cause any disadvantages for themselves by doing a particular thing: Why don't you take the job? You've got nothing to lose.Advantage and disadvantage
(Definition of you've got nothing to lose from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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