
Hedge your bets
Risk Reduction
Emphasizes lessening potential losses in any situation, not just financial.

In a volatile market, investors tend to hedge their bets by diversifying their portfolios.
Not Literal
The phrase is figurative; you're not actually placing bets.

He hedged his bets by studying both science and arts subjects.
Cautionary Tone
It suggests caution and not committing fully to one option.

Uncertain if the project will succeed, she hedged her bets by working part-time.
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