Top Definition
When a person has both a boy/girlfriend and another friend they flirt constantly with. That way, if the boy/girlfriend relationship doesn't work out, there's another person in reserve to ensure against singledom.
After Hilary and Matt's relationship turned rocky, Matt began hedging the bet and hanging out more with Beth.
by Maddie Corbeck August 13, 2006
5 Words related to hedging the bet

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