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[bet on the
wrong horse] {v. phr,}, {informal} To base your plans on a wrong guess about the
result of something; misread the future; misjudge a coming event.
To count on
the small family farm as an important thing in the American future now looks like
betting on the wrong horse.
He expected Bush to be elected President in 1992
but as it happened, he bet on the wrong horse.
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