If you’re new to betting, you might feel overwhelmed by all the odds and terminology you encounter. One of the most common terms you’ll encounter is ‘EVS’ or ‘Evens’, and whilst it might seem confusing at first, it’s actually one of the most straightforward betting concepts to understand. Let’s break it down in simple terms.
What Does EVS Stand for?
EVS in betting stands for Evens (also known as Even money), and the way it works is quite simple. When you see odds listed as EVS, it means you’ll win exactly the same amount as your stake if your bet is successful.
For example:
- If you bet £10 at EVS and win, you’ll receive £20 back (£10 profit plus your original £10 stake)
- If you bet £50 at EVS and win, you’ll get £100 back (£50 profit plus your £50 stake)
In decimal format, this appears as 2.00 on betting platforms.
This is considered a 50-50 chance in probability terms, like flipping a coin. The odds essentially suggest that the outcome is equally likely to happen or not happen.
If you’re curious to see EVS odds in action, you can find them across various sports while betting on 7bet:
- Football betting: Premier League, Champions League, and all major European leagues – you’ll find EVS odds across multiple markets, including match winners, both teams to score, and first goalscorer bets.
- Horse racing betting: Daily UK racing events and major international meetings usually feature EVS odds. They’re an excellent starting point for newcomers.
- UFC betting: UFC’s major fight nights and championship bouts regularly feature EVS odds, particularly in closely matched contests where both fighters are evenly skilled.
Why Bet on Evens Bets?
Evens bets offer an appealing balance of risk and reward that many bettors find quite interesting. To put it simply, you’re risking the same amount you could win, which makes it easy to understand your potential returns before placing your bet.
Let’s look at an example in football betting to understand why EVS bets might be appealing. Imagine two scenarios:
Scenario 1: Manchester City (heavy favourites) are playing at 1/5 odds against a lower-table team. You’d need to bet £50 just to win £10 profit.
Scenario 2: An EVS bet on ‘Both Teams to Score’ in the same match. Here, a £50 bet would win you £50 profit if successful.
In the second scenario, whilst the risk might be higher, the potential reward is much more attractive. This balance makes EVS bets particularly appealing when you’ve done your research and feel confident about your prediction.
Many bookmakers also offer special promotions for EVS bets, such as ‘money back if it’s a draw’ deals in football matches. These promotions can make EVS bets even more attractive by providing a safety net for your stake in certain circumstances.
What Is an EVS Bet?
To fully understand how an EVS bet works, think of it like flipping a coin. There’s an equal chance of it landing on heads or tails. The outcome is considered to have an equal chance of happening or not happening.
To see this in action, let’s imagine a Champions League final between Barcelona and Real Madrid at a neutral stadium. Both teams are in excellent form, have similar quality players, and neither has home advantage. In this scenario, bookmakers might offer EVS odds for either team to win because they’re so evenly matched.
Just like you wouldn’t be surprised whether a coin lands on heads or tails, you wouldn’t be shocked if either Barcelona or Real Madrid won this match. This is what makes it an EVS bet – the outcome is considered equally likely either way. A similar concept applies to btts explained (Both Teams to Score), where bettors assess whether both sides will find the net, regardless of the winner.
However, while bookmakers might offer EVS odds, this doesn’t always mean the actual chances are exactly 50-50. The odds represent the bookmaker’s assessment of the probability, which they use to create a balanced betting market. This approach to odds-making has evolved over time, much like the history of bingo, a platform known for its growth in the live streaming and digital entertainment industry.
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