Definition of even money in English:

even money


  • 1(in betting) odds offering an equal chance of winning or losing, with the amount won being the same as the stake.

    ‘players bet on each throw for even money’
    [as modifier] ‘Romany King swept past the even-money favorite Paco's Boy’
    • ‘But once you've gotten down to where you've already lost the first five, you're almost even money.’
    • ‘The Martin Broughan trained runner had been positively brilliant in the semi-final and the only surprising aspect was that she made her way to traps very generously priced at even money.’
    • ‘I mean, it's a balanced coin and you're getting even money on every bet.’
    • ‘Punk was the future of rock 'n' roll way back in 1969, and I'll wager even money that it still is.’
    • ‘For those interested, a money line bet on the Ravens pays even money, while you have to bet $12 to win $10 on the Lions.’
    • ‘A winning Bank hand is paid off at even money with a commission, usually five percent, extracted on each win.’
    • ‘For example, flat line bets at craps, with 49.29 percent chance of winning even money, have skewness of only + 0.03.’
    • ‘The decisions you do win will often be for more than even money.’
    • ‘The odds against the drought continuing across eastern Australia have eased a little, but the best bet you can still get is even money.’
    • ‘No wonder - it created tense situations between complete strangers, and there was even money at stake.’
    • ‘There was plenty of confidence behind Sandyhill Ali which wound up the well supported even money favourite ahead of Moyganny Lass 6/4.’
    • ‘If a player beats the house, they collect even money, while they lose their bet if the house beats them.’
    • ‘Travelling smoothly along the run in she was all of three lengths clear of Nickys Glory at the finish in a time of 32.26 and it was a further length and a half back to even money favourite Ask Rodney in third place.’
    • ‘He would bet even money that he would get the numbers of at least… eight girls in two days.’
    • ‘However, they must have dipped into the reserve tank, on Friday last, taking all prices which ensured that he went to traps the clear even money favourite for the Roseberry stakes.’
    • ‘But on the day you were born, it was fifty-fifty, even money.’
    • ‘You can probably get even money if you bet right now that one of these estimable 2006 finalists don't even make the playoffs in 2007.’
    • ‘In fact, I'd wager even money that this little ‘security’ measure will be introduced early in the next term of government.’
    • ‘Sent away first choice at even money to make a winning racing debut, Allen Fantasy was most impressive.’
    • ‘The concluding 575 saw Larch Girl trained by Stephen Bourke make her way to traps the clear even money favourite and it looked good for her supporters as she swept clear out of the opening turn.’
    1. 1.1[as modifier](of a chance) equally likely to happen or not; fifty-fifty.
      ‘above those engines there was an even-money chance of being heard’
      • ‘The even money chance Crown Pacific ridden by Ben Cornell showed a reversal of form to score by half a head from Sid's Eagle, with Fleeting Bird six lengths away third.’
      • ‘Well, his chances of winning were less than even money.’
      • ‘On the contrary, it appears a bit better than even money that any random newborn will live to age 80, because, according to the tables, a bit more than half do so.’
      • ‘The even money chance was in front from the break and while she carried very little confidence in the betting ring nevertheless ran out a very easy winner at the finish.’
      • ‘Our outlook for the July to September period indicates a fairly close to even money chance for exceeding the long-term median over those three months, so that's reasonable news as well.’
      • ‘Asked if he would wager on himself at even-money odds, a byproduct of his recent dominance, he says, ‘I don't think it would be a good business decision at those odds.’’
      • ‘The layers filled their satchels in the third quarterfinal as Backers lost the run of themselves when supporting the Northern challenger, Inky's Dote, at all prices with the result that she made her way to traps an even-money chance.’