When it comes to taking risks, the phrase "bet the farm" is often used to describe a high-stakes situation. However, there are a variety of synonyms that can also capture the essence of this phrase. For example, someone might be said to "put all their eggs in one basket," "gamble it all," or "take a leap of faith." Other related phrases might include "go for broke," "throw caution to the wind," or "roll the dice." Ultimately, all of these phrases share a common theme of taking a significant risk or making a large bet, and they can be used interchangeably to convey this idea in different contexts.