Definition
To take a risk for the chance of some benefit or reward.
Origins
Chosen for the rhyme.
See Also
- juice is worth the squeeze
How People Actually Use It
Simply, you are willing to risk the consequences to get whatever reward you are after
"Jill: Aren't you allergic to to that? Why are you eating it? Jack: It's good so I'm gonna risk it for the biscuit."
Source: Urban Dictionary