hedge (one's) bets

(redirected from hedging his bets)

hedge (one's) bets

To act to offset a potential loss. I'm not too confident that I'll get the lead in the play, so I'm hedging my bets by trying out for several roles.
See also: bet, hedge

hedge one's bets

Fig. to reduce one's loss on a bet or on an investment by counterbalancing the loss in some way. Bob bet Ann that the plane would be late. He usually hedges his bets. This time he called the airline and asked about the plane before he made the bet. John bought some stock and then bet Mary that the stock would go down in value in one year. He has hedged his bets perfectly. If the stock goes up, he sells it, pays off Mary, and still makes a profit. If it goes down, he reduces his loss by winning the bet he made with Mary.
See also: bet, hedge

hedge one's bets

Lessen one's chance of loss by counterbalancing it with other bets, investments, or the like. For example, I'm hedging my bets by putting some of my money in bonds in case there's another drop in the stock market . This term transfers hedge, in the sense of "a barrier," to a means of protection against loss. [Second half of 1600s]
See also: bet, hedge

hedge your bets

COMMON If you hedge your bets, you are careful not to commit yourself to one thing, so that you do not make a mistake whichever way the situation develops. The Rev James Reeves is hedging his bets on whether Clark is the leader the Church needs in troubled times. Political forecasters are hedging their bets about the likely outcome of this Saturday's Louisiana governor's race. Note: When bookmakers accept a large bet, they often try to protect themselves against heavy losses by laying bets with other bookmakers. This practice is called `hedging'.
See also: bet, hedge

hedge your bets

try to minimize the risk of being wrong or incurring loss by pursuing two courses of action at the same time.
Hedging your financial liabilities, especially bets or speculative investments, meant limiting your potential losses by also putting money on another outcome, in such a way as to balance, more or less, any potential loss on the initial transaction. In betting terms, this specifically means putting money on more than one runner in a race.
1992 Great Lakes Fisherman All three methods have their proponents, and most anglers are wise to hedge their bets by using more than one method.
See also: bet, hedge

ˌhedge your ˈbets

(informal) try to reduce the risk of losing your money, being wrong about something, etc. by choosing two or more courses of action at the same time: She’s invested her money in two quite different businesses, so she’s hedging her bets.
This idiom refers to putting money on more than one horse in a race to increase your chances of winning money.
See also: bet, hedge
References in periodicals archive ?
Steve Rotheram didn't even bother to turn up, he was out canvassing for the general election, (was he hedging his bets in case he didn't win)?
HEDGING HIS BETS Roy cut back a section to show how bad it would look
Tracy has been emphatic in his support of Nomo, who won 16 games in both 2002 and 2003, but in recent days, Tracy seemingly has started the process of hedging his bets when it comes to Nomo's future.
ROBERT FULTON of Greenock paid the penalty for not hedging his bets last weekend as his free attempt tow in the Big Night Out failed miserably.
It does look a bit as though Kevin is hedging his bets to see what happens over the four games.
Wyatt believes by picking both HiEnergy and OSI Systems, he is not only betting on two of the brightest opportunities in the sector, but also hedging his bets between the two companies since at such an early stage it is difficult to determine which company or companies will be the long-term winner.
But Cooke is hedging his bets, even if it costs his team a victory or two.
apparently is hedging his bets on this year's New York mayoral race.