A parametric bootstrap estimate (PB) may be more accurate than its non-parametric version (NB) if the parametric model upon which it is based is, at least approximately, correct. Construction of an optimal estimator based on both PB and NB is pursued with the aim of minimizing the mean squared error. Our approach is to pick an empirical estimate of the optimal tuning parameter ε∈[0, 1] which minimizes the mean square error of εNB+(1−ε) PB. The resulting hybrid estimator is shown to be more reliable than either PB or NB uniformly over a rich class of distributions. Theoretical asymptotic results show that the asymptotic error of this hybrid estimator is quite close in distribution to the smaller of the errors of PB and NB. All these errors typically have the same convergence rate of order . A particular example is also presented to illustrate the fact that this hybrid estimate can indeed be strictly better than either of the pure bootstrap estimates in terms of minimizing mean squared error. Two simulation studies were conducted to verify the theoretical results and demonstrate the good practical performance of the hybrid method.