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risk it for the biscuit 

= Take the chance of sacrificing your current possessions in order to win much more... the sexy biscuit.

Biscuit just rhymes with risk it. Plus biscuits are sexy. Butter yo biscuit!

In the case of (probably) the first time this phrase was ever used, the "biscuit" was the opportunity to maximize your earnings and then earn even more. The risk was the possibility of losing your acquired earnings when you could have kept them if you weren't so greedy!

Background:

First used at least 3 years from today during a round of the dice game "10,000" at Jamezy's, to encourage those with only 1 die left to take the chance and roll because if they hit a "1" or "5" they would get to roll all 6 dice again whilst retaining the points acquired during their first turn.

In this game you have 6 dice and take turns in a clockwise rotation rolling the dice to accumulate 10,000 points to win the game.

Each turn when you roll something worth points (ex. "1" = 100 points and "5" = 50 points) you get to roll the remaining dice again or keep the points you have acquired during your turn.

If you earn points with all 6 dice, you get to roll all 6 again (biscuit).
J: I think I'm gonna stop and keep the 500 points.
A: Naw man, risk it for the biscuit! The sexiest of biscuits!

J: LOL alright... I'M RISKIN IT FO DA BISCUIT!
risk it for the biscuit by Pap¡ October 20, 2016

it's no biscuit 

No problem, that could be a problem, that will take some time
it's no biscuit, (that shouldn't be a problem to solve your football management issues)
it's no biscuit by Will_3rd March 16, 2006

risk it for the biscuit 

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.

risk it for the biscuit 

Doing whatever necessary to get that pussy.
-How do I get her to have sex with me, man?
-You gotta risk it for the biscuit

Risk it for the Biscuit 

Very self-explainable, you need to risk to gain; but said in a very awesome swagger way.

Most commonly used in game Player Unknown's Battlegrounds while rushing high-risk sectors for loot, or running towards someone in full level 3 gear with a frying pan.
ME: yoyoyo, there's a guy over there, in that building, he looks super fucking decked out.
TEAMATE: well don't go for him, just wait till you get a gun.
ME: Fuck it, GOTTA RISK IT FOR THE BISCUIT!

*Proceeds to run into house with a pan in hand*
TEAMATE: wtf are you doing.
*Clang*

ME: FUCKING HEADSHOT HIM WITH A PAN!!!! - DIED INSTANTLY LMAAAAOOOO
Risk it for the Biscuit by Berowulf October 19, 2017

risk it for the biscuit 

To risk a daring yet small known act that will help you gain fame in your small community.
The guy, falling off a building without any protection decided to risk it for the biscuit for his family, friends, and his city.
risk it for the biscuit by DaBombBoys September 19, 2016
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