To have “skin in the game” is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. In the phrase, “skin” is a synecdoche for the person involved, and “game” is the metaphor for actions on the field of play under discussion.
How much skin you have in the Game?
When you failed; what is the degree of skin burn you will suffer?
It is 3rd degree or more skin burn when you failed that is skin in the Game!
Sometime Uncle8888 will ask questions and the replies from some investment bloggers or retail investors: ” I am lazy .. blah blah”
Of course; they can afford to be lazy depending how much skin in the Game.
When you know that you are going to suffer 3rd degree skin burn or more; you can still afford to be lazy? LOL!