What is the meaning of the phrase “skin in the game”?

If someone is said to have some “skin in the game”, it usually means that person has something to lose (whether it’s some form of ownership, money, property, or just respect) in a given situation – and that situation is usually something business related. So, the “game” in the phrase just refers a situation where there is something that has some risk involved, where people can potentially lose something.

Example of “skin in the game” in a sentence

Here’s an example of using the phrase “skin in the game”, which will help you understand it’s meaning:

"Because Bob did not have any skin in the game in
the form of some ownership percentage
at the company he worked for, he never really
tried his best at work.  He was just happy as long as 
he got his salary."

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