What Does Hedging A Bet Mean
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What Does Hedging A Bet Mean 6,6/10 3691 votes
hedge (one's) bets
Hedging a bet is an advanced strategy used by sports bettors to either reduce the risk of a wager or to guarantee a profit of some kind from a wager. Similar to middling a wager, hedging is a strategy that. Hedging is betting on both sides of an event to ensure you make a profit, regardless of the outcome. Say you took a futures bet and picked the Andy Murray to win the Australian Open at a price of 9.00 at the.
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.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, 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'.
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.
1992Great Lakes Fisherman All three methods have their proponents, and most anglers are wise to hedge their bets by using more than one method.
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.
Farlex Partner Idioms Dictionary © Farlex 2017
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