Even Money

Even Money

Basic Betting

Definition

Odds that imply a 50/50 chance, where the potential profit equals the stake. Even money bets pay 1:1 – you double your money if you win.

Formula

Odds = +100 (American) = 2.00 (decimal) = 1/1 (fractional).

Example

A bet at **even money** (+100) means a \$100 wager wins \$100 profit (total return \$200).