hedge one's betsRate this phrase:(0.00 / 0 votes)Say it
To place bets with a third party in order to offset potential losses.

Additional definitions for 'hedge one's bets':

hedge one's betsTo reduce the risk of making a mistake, by keeping one's options open.
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"hedge one's bets." Phrases.net. STANDS4 LLC, 2017. Web. 22 Nov. 2017. <http://www.phrases.net/phrase/hedge-one%27s-bets_4417>.

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