“Hedging” in gambling parlance is the mathematics around minimising the potential loss once the bookie has accepted a bet by placing a bet with a competitor for an opposite result.
It’s a useful strategy if the odds have changed against your position since accepting the bet.
The Sydney Morning Herald must be quite adept at it as it has been frontrunning a campaign against a recent State Government decision to project adverts for a horse race on the “sails” of the Sydney Opera House.
Which horse race?
The “Everest”, i.e. the very one they are showing an advert for on the front page of their website.
Well, we can’t accuse them of bias on this news item, which makes a nice change. Stopped clocks being correct twice a day, an’ all that.
Oh, in other news, hands up who knows how a significant portion of the funding to build the iconic concert hall was raised?