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The phrase "a bold risk" is correct and usable in written English.
You can use it when describing an action or decision that involves a significant level of risk but is also characterized by courage or confidence.
Example: "Investing in a startup can be a bold risk, but it may lead to substantial rewards if successful."
Alternatives: "a daring gamble" or "a courageous venture".
Exact(6)
It underscored that Mr. Bush is generally not a bold risk taker in his public life.
Yet come September, as the polls shifted, Mr. Bush became the hapless one, his malapropisms fatal and his aides reactive, while Mr. Gore had metamorphosed into a bold risk taker gleaming with a winner's confidence.
An athletic kid from New Jersey, Fischer was known as a bold risk taker — they called him "the fallingest man in climbing" — until an old-school cragger taught him the Zen of controlled ascent.
Both are technically "pay what you want". In a landscape where people are used to acquiring open source software that's free (as in free beer), that's a bold risk, and I hope it's a successful one for all parties.
You will see us take bold risks". While carving a phone out of metal could qualify as taking a bold risk - at least in terms of technology - HTC must make sure that its new "hero" phone does not stumble at other hurdles; the One X, for example, had trouble shaking off criticism for its relatively short battery life.
In Huckabee's opinion, Romney should see Romneycare as a "bold risk" that he should be proud of for trying but should now admit is a failure.
Similar(54)
His supervisor, Aleksandr Feklisov, said Julius thought of himself as an "omnipotent recruiter" and was a bold risk-taker.
Dreamed up in the mid-1980's by engineers at Motorola, its creator and largest investor, Iridium was certainly a first mover and a bold risk-taking project.
While its plot is carried by texts on the wall, aided by a broadly chronological display and period photographs, the 85 works, nearly all of which Durand-Ruel dealt, act as a choir, singing the praises of a bold, risk-taking visionary".Inventing Impressionism: Paul Durand-Ruel and the Modern Art Market" will almost certainly draw crowds.
What the LSO did at that fevered moment was, as on so many occasions in its dramatic history, to take a magnificently bold risk: it appointed a raft of superb young players, among them Hugh Maguire, Neville Marriner and Barry Tuckwell.
Nonetheless, Markel creates rich portraits of men who shared, as he writes of Freud, a "particular constellation of bold risk taking, emotional scar tissue, and psychic turmoil".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com