hedge bets

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Related to hedge bets: hedge fund

hedge (one's) bets

To take an action in order to offset a potential future 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
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

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
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.

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
The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 2003, 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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References in periodicals archive ?
For example, creating two trusts with different length annuities permits the taxpayer to "hedge bets" concerning life expectancies.
Again, an index fund is a good way to hedge bets among several producers: Rushmore's American Gas Index Fund, a no-load fund with a low expense ratio, may be an interesting choice.
HEDGE BETS Nina Carberry pings one of the obstacles at Cheltenham
The reason we have the delay is that racing multiples is a risk-taking product for us and we sometimes place hedge bets into the Betfair market to manage our liability.
Hood also suggests that for William Hill to conduct all of their hedging activity on-course, the firm would need to be sure that their hedge bets in the ring were not being bet back on to exchanges by on-course bookmakers.
And while most economists do not like to hedge bets on the index's likely outcome, which is an indicator of consumption, they predict that at worst, March's reading will be in line with February's comparatively healthy plus five level.