Risk vs Reward matrix
A risk vs reward matrix helps you compare decisions, projects or bets side by side. Place each by how much could go wrong and how much you could gain, and the trade-offs become clear.
Use this templateFree. Opens with the labels filled in and no items. No sign-up needed.
RewardHigh reward
Low risk
Safe betsMoonshotsLow stakesAvoid
RiskHigh risk
Low reward
- Needs full-time
- Fits in evenings
The four quadrants
- Safe bets
- Low risk, high reward. Safe bets; do them.
- Moonshots
- High risk, high reward. Moonshots; take a few, not all of them.
- Low stakes
- Low risk, low reward. Low stakes; fine if they’re cheap.
- Avoid
- High risk, low reward. Avoid these.
How to use it
List the options you’re choosing between.
Place each by its downside and its upside compared with the others.
Pick your safe bets first, then decide how many moonshots you can afford.