Even though stimulation and sensation seeking, which are typical for high-risk athletes, have been closely linked to high physical courage, little is known about physical courage of high-risk athletes. The purpose of this study was to examine physical courage among high- and non-risk athletes. The convenience sampling was used to reach both groups of the athletes. An anonymous online questionnaire was sent to the Faculty of Sport, several sport clubs and online sport forums in Slovenia. A total of 101 high-risk and 79 non-risk athletes filled out The Physical Courage Questionnaire and The Social Desirability Scale. In addition, important demographic characteristics were obtained. Results showed that high-risk athletes have a higher level of physical courage (F=6.304, p=0.013), and that male athletes are physically more courageous than female athletes (F=4.353, p=0.038). The interaction between gender and the risk of a given sport discipline had a significant effect on physical courage (F=4.936, p=0.028): in the non-risk athlete group female athletes reported being less physically courageous than male athletes, whereas high-risk female athletes scored similarly high on the physical courage scale as high-risk male athletes. Implications and limitations of the research study are discussed.