{"id":13234,"date":"2024-10-16T12:29:55","date_gmt":"2024-10-16T12:29:55","guid":{"rendered":"https:\/\/www.sportscasting.com\/uk\/?page_id=13234"},"modified":"2024-10-16T12:29:55","modified_gmt":"2024-10-16T12:29:55","slug":"what-is-evens-in-betting","status":"publish","type":"page","link":"https:\/\/www.sportscasting.com\/uk\/betting-guides\/what-is-evens-in-betting\/","title":{"rendered":"What is Evens in Betting?"},"content":{"rendered":"

\u201cWhat is evens in betting?\u201d is one of the most common questions asked by those who are new to the hobby of sports betting. The short answer is that evens is verbal shorthand for betting odds of 1\/1 in fractional format or 2.00 in decimal format. In this article, we\u2019ll tell you all you need to know about evens in betting, including where the term is thought to have originated and how an even money bet works.<\/p>\n

Evens Meaning – The Term Explained<\/h2>\n

According to the Oxford English Dictionary, the word “evens” was first used by a Church of England clergyman<\/a> named John Planke in 1608. While we don\u2019t have any historians on the team to verify this, we have no reason to doubt the experts at the OED, and we do know that the word has been used for longer than any of us care to remember.<\/p>\n

The basic idea when describing a bet at evens (also referred to as even money and just as often abbreviated as EVS) is that if the bet is successful, your profit will be exactly equal to the sum of money staked. Bet \u00a310 at even money, and you\u2019d make a profit of \u00a310 if it were to succeed. Bet \u00a320, and you\u2019d make \u00a320. Of course, you\u2019d also get your original stake back, so a bet at even odds will effectively double your money if it wins.<\/p>\n

If we were to set odds that accurately reflected the chances of an event taking place, a bet at even odds would have a 50% chance of success. Even odds would, therefore, be fair when betting on the toss of a coin, for example, where there are just two possible outcomes and both have an equal – or even – chance of occurring.<\/p>\n

Evens in Betting – An Example<\/h2>\n

For the benefit of those who are brand new to sports betting, here\u2019s an example of how betting on an even money shot works. In the image below, you\u2019ll see a betting market for a greyhound race. Note that the dog called Jaguar Jacob is shown at evens in decimal format (2).<\/p>\n

\"\"<\/p>\n

We have added this selection to our bet slip and entered a stake of \u00a310. As soon as we entered the stake, the bet slip displayed our potential returns of \u00a320. That would be our \u00a310 stake returned, plus \u00a310 profit. We\u2019d therefore double our money if the selected dog wins the race.<\/p>\n

What\u2019s So Special About Even Money?<\/h2>\n

You might wonder why the evens odds of 1\/1 (or 2.0 in decimal) are notable enough to have been given a nickname. Well, there are a couple of things that make evens in betting fairly distinct, as we explain below:<\/p>\n

<\/p>\n

Easy to Understand<\/h3>\n

First, even money bets are particularly easy to understand. If an evens bet is successful, you get double your stake money back. That\u2019s probably the most straightforward calculation there is to work out your potential returns from a bet. And, unless you\u2019re particularly bad at mental arithmetic, you can do it in your head. This is why so many bets in casino games offer even odds to winning players, as we\u2019ll explain shortly.<\/p>\n

<\/div><\/div>\n

<\/p>\n

A Clear Dividing Line<\/h3>\n

Second, even odds are important because they represent a clear line of division between \u201codds on\u201d and \u201codds against\u201d.<\/p>\n

The first term, odds on<\/em>, refers to odds that will give you less profit than the amount you stake on the bet. For example, if you bet \u00a310 at odds of 1\/2, you\u2019d make a profit of \u00a35 if the bet wins.<\/p>\n

The second term, odds against<\/em>, refers to odds that will give you a greater profit than the amount you stake on the bet. A \u00a310 bet at odds of 3\/1, for example, would give you a profit of \u00a330 if it is successful.<\/p>\n

Sandwiched between odds on and odds against is even money.<\/p>\n

<\/div><\/div>\n

Even Odds in Casino Games<\/h2>\n

Visit the table games at online casino sites<\/a> (or land-based casinos, for that matter), and you\u2019ll notice that many of the most popular bets available pay odds of 1\/1. As we mentioned in the previous section, that\u2019s usually because they\u2019re so easy to understand. You\u2019ll find even money betting opportunities available in roulette, craps, blackjack, baccarat, Sic Bo, Pai Gow Poker, Casino War and more.<\/p>\n

Evens betting is just as straightforward in casino games as it is in sports betting markets. To illustrate, take a look at the roulette table layout below:<\/p>\n

\"\"<\/p>\n

The bottom row of the layout shows a variety of betting options. These allow you to bet on the next number being in the range 1 to 18, an even number, a red number, a black number, an odd number, or a number in the range 19 to 36. And all of them pay even money when you win.<\/p>\n

Let\u2019s say that we put a \u00a35 casino chip on the red diamond. If the next number on the wheel were to be a red one, as we would like, our bet would be paid at odds of 1\/1, giving us a \u00a35 profit. Our stake, as always, would also be returned.<\/p>\n

Sports in Which Even Money is Common<\/h2>\n

Evens in betting is very common and can be found in all sports. However, because these odds reflect a roughly 50\/50 chance of winning, you are most likely to find them in events that have just a handful of possible outcomes. That means football matches, tennis matches, horse races with small fields, and so on.<\/p>\n

Even odds are less common in events with a larger number of potential outcomes or those in which there\u2019s a great deal of uncertainty about which participant is most likely to win. You won\u2019t often find even money in the betting market for the Grand National, for example, or for the winner of a big golf tournament that might have scores of entrants.<\/p>\n

\n

Advantages of Evens Betting<\/h2>\n

Now that we\u2019ve discussed the even odds meaning, let\u2019s take a quick look at some of the advantages of EVS betting in practice. There are several advantages, and the most notable ones are as follows:<\/p>\n

\n
    \n

  1. Roughly 50\/50 Chance of Winning<\/h3>
    With the EVS betting meaning odds of 1\/1, you have a roughly 50\/50 chance of winning when betting at this price. We say roughly because bookmakers and casinos generally give odds of even money when there’s a slightly less than 50% chance of success (see What is Overround in Betting?<\/a> to find out why). But, generally speaking, when you bet at even money, you have almost as much chance of winning as you do of losing.<\/div><\/li>

  2. Easy to Calculate Returns<\/h3>
    As we said earlier, odds of 1\/1 (or 2.00, which is evens odds in decimal) make it ridiculously easy to calculate your expected returns. Simply double the amount that you intend to stake on the bet, and that\u2019s how much profit you will make if it succeeds.<\/div><\/li>

  3. Qualifies for Most Betting Bonuses<\/h3>
    Another good thing about evens bets is that they usually qualify for bonus offers. Most betting sites<\/a> have bonus offers and promotions running from time to time, and the terms and conditions often stipulate that you need to bet at odds of 1\/1 or bigger to qualify for them. An even money bet would therefore qualify and also give you a decent chance of winning.<\/div><\/li>

  4. Gives a Worthwhile Return<\/h3>
    While you might have an even better chance of winning at lower odds (which means odds-on), an even money bet will give you a worthwhile return. Remember, success with an evens bet will double your money, and that won\u2019t be the case when you bet at lower odds.<\/div><\/li>\n <\/ol>\n \n <\/div>\n<\/div>\n

    Conclusion<\/h2>\n

    What does evens mean in betting will always be a common question, but we trust that we have now provided an answer and explanation that clears it up for you. The EVS odds meaning is simply that an outcome is priced at odds of 1\/1 and that you\u2019ll double your stake if you win.<\/p>\n

    Evens in Betting FAQs<\/h2>\n

    \n
    \n

    What is the meaning of evens in betting?<\/h3>\n <\/div>\n
    \n

    The question of what does EVS mean in betting is a simple one to answer. The even odds meaning refers to betting odds of 1\/1 in fractional format, which is 2.00 in decimal format. This means if you place a bet and it wins, you\u2019ll make a profit that\u2019s equal to your stake.<\/p>\n <\/div>\n<\/section>\n

    \n
    \n

    Does evens mean 50 50?<\/h3>\n <\/div>\n
    \n

    Technically, yes. But that\u2019s assuming that the odds are perfectly fair. As we said in the What is Evens in Betting? article above, bookmakers generally offer evens when an outcome has a slightly less than 50% chance of winning. That\u2019s because they need to offer slightly lower than true odds in order to make a profit.<\/p>\n <\/div>\n<\/section>\n

    \n
    \n

    What is an example of even odds?<\/h3>\n <\/div>\n
    \n

    An example of even odds is a horse priced at fractional odds of 1\/1 to win a particular race. Another example might be a football team priced at decimal odds of 2.00 to win a match. All of this is explained in the article above, which explores what is EVS in betting in some depth.<\/p>\n <\/div>\n<\/section>\n

    \n
    \n

    Is 2:1 the same as evens?<\/h3>\n <\/div>\n
    \n

    No. Odds of 2\/1 (decimal 3.00) are bigger than evens. In this case, a successful bet with a \u00a310 stake would give you a \u00a320 profit. With an evens bet, your potential profit is always exactly the same as the stake.<\/p>\n <\/div>\n<\/section>\n

    \n
    \n

    What is evens in decimal odds?<\/h3>\n <\/div>\n
    \n

    When presented as decimal odds, evens is written as 2.00. In fractional format, it would be 1\/1. Most online betting sites will allow you to toggle between viewing odds as fractions (which is the traditional format) or decimals.<\/p>\n <\/div>\n<\/section>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

    \u201cWhat is evens in betting?\u201d is one of the most common questions asked by those who are new to the hobby of sports betting. The short answer is that evens is verbal shorthand for betting odds of 1\/1 in fractional format or 2.00 in decimal format. In this article, we\u2019ll tell you all you need […]<\/p>\n","protected":false},"author":352,"featured_media":0,"parent":1623,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-13234","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nEvens in Betting - Definition and How Even Money Bets Work<\/title>\n<meta name=\"description\" content=\"What is evens in betting? 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