hedge (one's) bets

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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.

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
Collins COBUILD Idioms Dictionary, 3rd ed. © HarperCollins Publishers 2012

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
Farlex Partner Idioms Dictionary © Farlex 2017

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
Farlex Partner Idioms Dictionary © Farlex 2017
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References in periodicals archive ?
"We think that they must be using their memory, or their own experiences from the past, to kind of hedge their bets," she said.
While no one walks away a clear winner from a Huawei ban, Nokia (NOK) and Ericsson (ERIC) would benefit by losing their lower-cost rival in wireless-network equipment, Samsung (SSNLF) could benefit as telecom operators try to hedge their bets and diversify their equipment suppliers, and Cisco (CSCO) and Juniper Networks (JNPR) could gain some share if telecom operators move away from Huawei, the publication contends.
Alex Howard-Keyes, an investment banking partner at executive headhunting firm Alderbrooke, said that while things appear to have "settled down" in the months following the EU referendum, certain firms are looking to hedge their bets by relocating some staff to the Continent.
We can't tempt anyone into backing both teams to find the net (11-10) but backers have been keen to hedge their bets a touch so we've trimmed Martin O'Neill's troops from 2-5 to 1-3 to either win or draw.
military officer said Wednesday that Afghanistan's refusal to sign a security agreement with the United States may make the fight more difficult this year, embolden the enemy and prompt some Afghan security forces to cooperate with the Taliban to ''hedge their bets.''
Research among 1,000 employers by the Chartered Institute of Personnel and Development showed that the worst may now be over, but uncertainty about how fast the economy will improve is acting to moderate pay forecasts and leading many employers to hedge their bets on the outcome of the final decision.
Research among 1,000 employers by the Chartered Institute of Personnel and Development (CIPD) showed that the worst may now be over, but uncertainty about how fast the economy will improve is acting to moderate pay forecasts and leading many employers to hedge their bets on the outcome of the final decision.
Two New Yorkers fall in love - but rather than leave their partners, they decide to hedge their bets and leave the outcome to fate.
If you've been reading carefully, you've noticed that the Cassini mission scientists usually hedge their bets and say that the flat, lake-like features on Titan are probably liquid.
Perhaps the problem is that the big bookmakers have become aware that they now need to hedge their bets in greater entirety, rather than bullying a market through name and relatively smaller sums.
Punters can hedge their bets by backing Sunderland to either win or draw at 5/13 in bet365's Double Chance market while SportingOdds' evens for the net to be breached on more than 2.5 occasions looks a good bet considering the home defence is yet to be tested at this level.
He adds that most wood producers now concede that good citizenship is rapidly becoming good business, and few are willing to hedge their bets that environmentalism is on the wane, especially when it comes to heartstring issues like air, water, wildlife, and healthy forests.
Point solutions are appealing because they allow companies to hedge their bets. Companies that invest everything in one ERP system or outsource entire HR functions to single vendors have huge stakes in the survival of those companies.
But when it comes to their own operations, they continue to hedge their bets with more conservative revenue goals, investment and hiring plans--which suggests that the economic tide has yet to completely turn.