hedge one's bets

Idioms and Phrases

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]

Example Sentences

Which means the smart approach is to hedge one’s bets.

From Los Angeles Times

In light of human nature, the real question is whether to hedge one's bets with free markets or government.

From US News

That even traces of détente have appeared between Mr. Cruz and the party’s traditional power brokers this early illustrates how thoroughly unpredictable the Republican race has been — and that, for major political donors, it can be safer to hedge one’s bets in such a volatile environment.

From New York Times

As with any claim of a striking new discovery, it’s best to hedge one’s bets for now.

From Scientific American

Purchasing reputation insurance to hedge one’s bets against a possible corporate crisis may cause some executives to see the policy as a panacea for their management shortcomings.

From BusinessWeek