diff --git a/llvm/lib/Transforms/IPO/HotColdSplitting.cpp b/llvm/lib/Transforms/IPO/HotColdSplitting.cpp
--- a/llvm/lib/Transforms/IPO/HotColdSplitting.cpp
+++ b/llvm/lib/Transforms/IPO/HotColdSplitting.cpp
@@ -83,6 +83,12 @@
     SplittingThreshold("hotcoldsplit-threshold", cl::init(2), cl::Hidden,
                        cl::desc("Base penalty for splitting cold code (as a "
                                 "multiple of TCC_Basic)"));
+static cl::opt<bool>
+    EnableRandomOutlining("hot-cold-randomly-outline-cold-code", cl::init(true),
+                          cl::Hidden);
+
+static cl::opt<bool> EnableDeterministicRandomOutlining(
+    "hot-cold-deterministic-random-outline-code", cl::init(true), cl::Hidden);
 
 namespace {
 // Same as blockEndsInUnreachable in CodeGen/BranchFolding.cpp. Do not modify
@@ -100,6 +106,20 @@
   return !(isa<ReturnInst>(I) || isa<IndirectBrInst>(I));
 }
 
+static Optional<std::pair<const BasicBlock *, const BasicBlock *>>
+hasSingleSuccAndPred(const BasicBlock &BB) {
+  auto FirstSucc = succ_begin(&BB);
+  auto SuccEnd = succ_end(&BB);
+  if (FirstSucc == SuccEnd || ++FirstSucc != SuccEnd)
+    return None;
+  auto FirstPred = pred_begin(&BB);
+  auto PredEnd = pred_end(&BB);
+  if (FirstPred == PredEnd || ++FirstPred != PredEnd)
+    return None;
+  return Optional<std::pair<const BasicBlock *, const BasicBlock *>>(
+      {*succ_begin(&BB), *pred_begin(&BB)});
+}
+
 bool unlikelyExecuted(BasicBlock &BB) {
   // Exception handling blocks are unlikely executed.
   if (BB.isEHPad() || isa<ResumeInst>(BB.getTerminator()))
@@ -122,6 +142,30 @@
     return true;
   }
 
+  if (!EnableRandomOutlining)
+    return false;
+
+  // Game of chance hypothesis: when most (80:20 rule) of the code is cold,
+  // a randomly selected basic block has a higher chance of being cold. Do this
+  // if the basic block is part of a diamond structure (if-else).
+  // NB: This causes non-deterministic outlining if rng is not seeded.
+  if (auto SuccPred = hasSingleSuccAndPred(BB)) {
+    auto Succ = SuccPred->first;
+    int SuccPredCount = pred_size(Succ);
+    if (SuccPredCount < 2)
+      return false;
+    auto Pred = SuccPred->second;
+    int PredSuccCount = succ_size(Pred);
+    if (PredSuccCount < 2)
+      return false;
+    double Chance = (std::rand() % PredSuccCount) / double(PredSuccCount);
+    // Threshold can be decreased to enable aggressive outlining.
+    if (Chance < 0.5) {
+      LLVM_DEBUG(dbgs() << "Randomly making cold: " << BB);
+      return true;
+    }
+  }
+
   return false;
 }
 
@@ -667,6 +711,9 @@
 bool HotColdSplittingLegacyPass::runOnModule(Module &M) {
   if (skipModule(M))
     return false;
+  // Initialize rng for deterministic aggressive outlining.
+  if (EnableDeterministicRandomOutlining)
+    std::srand(1);
   ProfileSummaryInfo *PSI =
       &getAnalysis<ProfileSummaryInfoWrapperPass>().getPSI();
   auto GTTI = [this](Function &F) -> TargetTransformInfo & {