Betting on an outcome you don't want is hedging. Or insurance. Are you too principled for insurance?
It's only a conflict of interest if you're also responsible for determining the outcome.
Yep, my stance also. If you've got no way of influencing the outcome I can't see how it'd be a conflict of interest. Just a way of softening the blow when you don't get the outcome you want.
@mmccarthy started
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Betting on an outcome you don't want is hedging. Or insurance. Are you too principled for insurance?
It's only a conflict of interest if you're also responsible for determining the outcome.