The most common and most likely answer to this crossword clue is the 2 plus 3 letter word GO NAP
I've seen this crossword clue in The Guardian
G
O
N
A
P
More clues leading to the result GO NAP
Buddy explains!
The straight part
We know that "risk all/risk all" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case risk all/risk all = go nap.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.