To hedge, in betting, is to defend oneself from loss by crossbets. As a hedge is a defence, so crossbetting is hedging. (E. Hunt: The Town, ix.)
“He [Godolphin] began to think … that he had betted too deep … and that it was time to hedge.”—Macaulay: England, vol. iv. chap. xviii.
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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.
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