to  have  nothing to lose
have
hæv
hāv
nothing
nʌθɪng
nathing
to
lose
lu:z
looz

Definition & Meaning of "have nothing to lose"in English

to have nothing to lose
01

to be in such a bad situation that it does not matter if one fails at something, because one's situation cannot get worse 

to [have] nothing to lose definition and meaning
Idiom

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.

Examples
I applied for the job because I had nothing to lose. 
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