Definition, Meaning & Synonyms
hedge-your-bets
idiom
/hɛdʒ jʊər bɛts/
Definition
To protect oneself against loss by supporting more than one side or outcome.
Examples
- She decided to hedge her bets by applying to multiple universities.
- In business, it’s wise to hedge your bets by diversifying your investments.
- He hedged his bets on the project by creating a backup plan.
Meaning
The phrase ‘hedge your bets’ means to reduce the risk of a negative outcome by taking precautions or making alternative arrangements.
Synonyms
- minimize risk
- protect oneself
- play it safe
- spread the risk
