Ever wondered what EVS means when you see it on a betting site? If you’re new to betting, all the jargon can be quite confusing.
In this blog post, I’ll break down the meaning of EVS, making it simple and clear. EVS stands for “Evens” and is one of the most straightforward betting terms.
By the end, you’ll know exactly what EVS is, how it works, and how it can affect your bets.
EVS Betting Meaning: What Does It Stand For?
EVS, short for “Evens,” is a term you’ll often come across in betting. When you see EVS or Evens, it means that the potential profit from your bet is the same as the amount you stake.
For example, if you place a £10 bet at EVS, and your bet wins, you will receive £20 back – that’s your £10 stake plus £10 profit.
Evens betting is presented as 1/1 in fractional odds. This means for every £1 you bet, you stand to win £1, essentially doubling your money.
In decimal odds, EVS is shown as 2.0. This is another way to show that the total return (your stake plus winnings) will be twice your stake.
Even Money Bet Explained
An even money bet, simply put, is a bet where the potential profit is equal to the amount you stake. This makes it straightforward to understand and very popular among bettors.
When you place an even money bet, you’re betting on an outcome that’s considered 50/50, meaning there’s an equal chance of either winning or losing. For example, if you bet £10 on an even money bet and win, you’ll get £20 back – your original £10 stake plus £10 profit.
Even money bets are often shown as EVS, 1/1 in fractional odds, or 2.0 in decimal odds. Each of these notations tells you the same thing: that you’ll double your money if your bet is successful.
Because of their simplicity, even money bets are a great starting point for those new to betting. They offer a clear understanding of potential returns and are easy to calculate. Remember to always gamble responsibly!
Even Money Bet Example
Let’s look at an example to make even money bets crystal clear.
Imagine you’re betting on a football match between Team A and Team B. The bookmaker offers even money odds (EVS) on Team A to win.
You decide to place a £10 bet on Team A. If Team A wins, you’ll get back double your stake – a total of £20. This includes your initial £10 stake and a £10 profit.
If Team A doesn’t win, you lose your £10 stake. The simplicity of even money bets makes them easy to understand and calculate.
Even money bets can also apply to other types of events like a coin toss, where the odds are 50/50.
Is Even Money Worth It?
Determining whether an even money bet is worth it depends on your betting strategy and goals.
Even money bets are simple and allow for straightforward calculations. You know that if you win, you’ll double your stake, making it easy to understand potential returns. This can be appealing for those looking for a clear and fair chance.
However, the 50/50 odds mean there’s no added advantage. While you won’t get huge profits from a single bet, even money bets can be part of a balanced betting strategy, especially if you prefer safe and steady wins over risky, high-payout bets.
On the flip side, some bettors may find the returns not enticing enough. If you’re seeking bigger rewards and willing to take higher risks, even money bets might not meet your expectations.
In the end, it’s all about balance. Mixing even money bets with other types of bets can help create a diversified betting portfolio.
