even money
1 of 1noun/ˈivən ˈmʌni/
Forms:even moneys
1
(gambling) a bet or wager that pays out at a 1:1 ratio, or in other words, a bet in which the potential payout is equal to the amount of the original wager
Even money is a term used in gambling to describe a bet where the potential payout is equal to the amount wagered. In other words, if a player bets a certain amount and wins, they will receive that same amount in return, along with their original wager. This means the odds are 1:1, and the player has an equal chance of winning or losing the bet. Even money bets are common in many types of gambling, such as blackjack, where a player can bet on outcomes like a coin toss or betting on a team to win, with the payout being the same as the initial wager.
- The casino offered me even money on a blackjack hand, so I decided to take the risk.
- If you bet $20 on this game, you’ll get $20 back if you win, since it’s even money.
- He bet even money on the first round of the poker game and ended up doubling his chips.
- I placed an even-money bet on the coin toss and was lucky enough to win.