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Hedge

(1 syl.). To hedge, in betting, is to defend oneself from loss by cross-bets. As a hedge is a defence, so cross-betting is hedging. (E. Huni: The Town, ix.)

“He [Godolpbin] began to think ... that he had betted too deep ... and that it was time to hedge” —Macaulay: England, vol. iv. chap. xvii. p 15.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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