Hedge your bets informal verb phrase
It is too risky to invest a large sum of money in an only bank because you never know what may happen. In this case, you should hedge your bets by investing it in at least two banks to minimize the risk of losing your money.
Alex hedged his bets to reduce the risk of being jobless by applying for various other jobs at the same time.
I don't want to lose the bet so I hedged my bets by supporting both teams in the match.
The verb "hedge" should be conjugated according to its tense.