They are hedging their bets - they are seeing which side is going to win - purely driven from a sense of desperation.

他们在保护他们的赌注，他们仅仅是在用一种绝望的心理来猜测哪一方将会获胜。

youdao

From the Banks' perspective, creating this huge market in side bets was very profitable insanity.

从银行的角度，在内部建立这种市场巨大的对赌交易是获利巨大的疯狂行为。

youdao

Such side-bets can allow a crooked player or referee to cash in by pleasing a match-rigger in a way that is all but invisible even to a suspicious outsider.

ECONOMIST: Corruption in sport

On the buy-side, Pharma is trying to secure a portfolio of external bets for its future pipeline.

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