What Does Evs/Evens Mean in Betting?
Most punters will be familiar with the terms evens and evs when placing bets, but it might not be obvious to everyone. Our guide delves deeper into the matter and how much you would profit with even odds.
Evs/Evens Betting Explained
In short, evs or evens is used to describe 'even money' when talking about betting odds and profit. When outlining terms and conditions for promotions, the top betting sites in the UK will often write evens instead of 1/1, which is what it is in fractional odds. Being familiar with the term is thus very important, especially for new punters scanning the market for the best promotions around.
As an example, let's say that a football fan backs Manchester United to win a game against Liverpool at evens (1/1), staking £10. If the bet is a success, meaning Manchester United comes away with the win, the punter will get a profit of £10. This means that a total of £20 is returned from the bookmaker, including both the stake and the profit.
Evs/Evens in Different Odds Formats
Nowadays, betting sites often give their customers the choice of different odds formats. Let's take a closer look at how evs/evens looks in the different odds formats that are widely available:
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Fractional odds: 1/1, evs or evens
By default, most major UK sports betting sites show their prices in fractional odds. People will be familiar with 2/1, 5/1 and 10/1 as examples of fractional odds, but for evens, it is rare to see the price given as 1/1. Instead, users will see 1/1 shown as evens, or evs for short.
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Decimal odds: 2.00
Betting exchange sites, of which there are several good examples, have helped fuel a rise in the popularity of using decimal odds. A lot of people prefer this as it can be more straightforward to work out the potential profits on offer.
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American odds: -100
Less common at major UK betting sites, in American odds evens would be displayed as -100.
What Does Odds on or Odds Against Mean?
Evens is a term widely used in sports betting as a way to show the state of a market, acting as the marker for which a wager can be described as either odds on or against.
If a bet is odds on, this means that the price is lower than evens. Sports fans who back a wager that is odds on will receive less than double their money in the event it is a winning bet. Odds against, meanwhile, means that the price is higher than evens - hence deemed unlikely to happen.
Steven is an experienced iGaming content writer who has been working in the industry since 2018. He is passionate about sports betting and enjoys writing about all aspects of the industry, including bookmaker reviews, betting tips and strategies, and news and analysis.