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Difference between Hang all one’s bells on one horse and Put all one’s eggs in one basket

hang all one’s bells on one horse—(UK arch.) leave all one’s property to one child:

  • I’ll not hang all my bells on one horse. I’ll not leave all my property to one son.

Note: The expression does not correlate in meaning with the phrase put all one’s money upon the wrong horse—(also: put one’s money on a scratched horse) base one’s plans on a wrong guess about the result of smth.:

  • Members will keenly feel the nature of the mistake when I say that we put all our money upon the wrong horse.

put all one’s eggs in one basket—allow all one’s hopes, money, etc. to depend on one event; risk everything at once:

  • Personally, I prefer when at all possible not to put all my eggs in one basket, no matter how nice the basket.