Go for broke and Take on

Go for broke verb - Risk everything in one big effort.

Take on and go for broke are semantically related. in try for topic. In some cases you can use "Take on" instead a verb phrase "Go for broke", when it comes to topics like attempt to achieve something, go up against in contest.

Take on verb - To enter into contest or conflict with.

Go for broke and take on are semantically related. Sometimes you can use "Go for broke" instead a verb "Take on".