Definition & Meaning of "[have] nothing to lose"

What is the origin of the idiom "make a go of something" and when to use it?

The origin of the idiom "have nothing to lose" can be traced back to the general concept of risk and reward. The concept of having nothing to lose has likely been a common sentiment throughout history. The phrase encapsulates the idea that when someone is in a situation where they have little or nothing to lose, they may be more inclined to take risks or pursue opportunities without hesitation or fear of negative consequences. This phrase is often used when someone is facing adversity, has hit rock bottom, or is in a position where they have little to lose in terms of material possessions, reputation, or personal standing.