hedge bet
Protect your wager
A hedge bet is a wager placed to offset potential losses from another bet, reducing overall risk.
The strategy sacrifices some potential profit for protection against an unfavorable outcome: She placed a hedge bet on the underdog to guarantee a profit regardless of who won.
The term extends beyond gambling to any secondary position taken to limit exposure.
- wagerStake on uncertainty
- insuranceContractual risk coverage
- safety netProtection against failure
- riskPossibility of harm
- oddsLikelihood expressed numerically
each way · backup plan · cover · protect · stake · diversify · don't put all your eggs · cover your bases · cushion · fallback · spread · mitigate · cautious · second guess · offset · counterbalance · play it safe · lay off
- gamblinggamble, gambling, casinos, casino, wager
- bettingante, wager, odds, stake, bookie
- sports bettingodds, bookmaker, sportsbook, spread, point spread
- hedgingqualifier, softeners, modifiers, provisos, maybe
- racing betsexacta, trifecta, quinella, superfecta, perfecta
- Risky Playshail mary, fake punt, onside kick, trick play, flea flicker
hedge betdouble down
Strengthen one's stance
go for broke · bet the farm · swing for the fences · plunge · gamble
hedge betall-in
Fully committed, nothing held back
no safety net · no-holds-barred · point of no return · leap of faith · Hail Mary
hedge, bet, hedges, hedged, hedging, hedgehog, bets, betted, betting