If you're new to the world of betting, you might have come across the term "evs" or "evens" and wondered what it means.
In simple terms, an evens bet is a wager where you stand to win an amount equal to your stake. For example, if you bet £10 and your bet is successful, you'll get back £20 in total – your original £10 stake plus £10 in winnings.
Evens bets are often seen in sports betting, where both outcomes are considered equally likely. Understanding evens can help you make more informed betting choices.
In this post, we'll explain what "evs" means in betting and provide clear examples to help you grasp this common betting term.
What Does Evs Mean In Betting?
"Evs" is short for "evens", a common term you'll encounter in betting. When you see "evs" next to an event, it means that the bet is at even odds.
Even odds are represented as 1/1 in fractional odds. This means you'll win an amount exactly equal to what you stake.
If you bet £10 at evens, a successful bet means you get to keep your stake plus receive an additional £10 in winnings, totalling a return of £20.
Evens bets are usually offered in situations where both outcomes are considered equally likely to happen. This creates a balanced and straightforward betting option.
Understanding evs can make it easier to calculate potential returns and helps you decide whether a bet is worth placing. By grasping this basic concept, you'll be better prepared to make informed decisions in your betting.
What Is an Evens Bet?
An evens bet, also known as "evs", is a straightforward type of bet where the odds are 1/1.
This means that if you win, you get back an amount in winnings that is equal to your stake. For example, if you bet £10, a winning bet will return £20 – your original £10 stake plus £10 in winnings.
Evens bets are often used when the outcome of an event is considered equally likely to go either way.
This type of bet is common in sports betting. A typical scenario could be a football match where both teams are equally matched.
Because the odds are simple to understand, evens bets are a good starting point for beginners. They help you learn how betting odds work without complicated calculations. You only need to remember that whatever you bet, you stand to win an equal amount if your bet is successful.
Why Is Evs Odds In Decimal?
In betting, odds can be displayed in different formats, including fractional and decimal. Evens odds, represented as 1/1 in fractional form, are shown as 2.0 in decimal form.
Decimal odds are straightforward and easy to understand. They represent the total amount you will get back for every pound you bet, including your original stake.
So, if you place a £10 bet at decimal odds of 2.0 and win, you'll receive £20 in total. This includes your £10 stake and £10 in winnings.
Using decimal odds makes it simpler to see your total potential return at a glance. It is especially helpful for beginners who may find fractional odds somewhat confusing.
In summary, evens odds displayed as 2.0 in decimal form provide a clear and easy way to understand your potential winnings. This can help you make quick and informed betting decisions.
Why Bet On Evens?
Evens bets are popular for several reasons.
Firstly, they're simple to understand. With evens, you know that whatever you stake, you get the same amount back in winnings if your bet is successful. This clarity makes it easier to calculate potential returns.
Secondly, evens bets often appear in scenarios where each outcome is equally likely, making it a balanced betting option. For instance, in a football match between two evenly matched teams, an evens bet provides straightforward and fair odds.
Betting on evens can also be less risky compared to higher odds. Since you're betting on something with a good chance of happening, it's a more conservative approach. This can be particularly useful for beginners who are still getting the hang of betting.
In summary, evens bets are easy to understand, provide balanced odds, and offer a low-risk option for those looking to make informed betting decisions. These qualities make evens a great choice for both new and seasoned bettors. Just remember to gamble responsibly.
Evens Betting Example
Let's look at a simple example to understand evens betting better.
Imagine there's a football match between Team A and Team B. Both teams are evenly matched, and the odds are set at evens (1/1).
You decide to place a £5 bet on Team A to win.
Since the odds are evens, if Team A wins, you will receive a total of £10. This includes:
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Your original £5 stake
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£5 in winnings
However, if Team A doesn't win, you lose your £5 stake.
Evens bets make it straightforward to calculate potential returns. You always know that you stand to win an amount equal to what you bet.
This example shows how evens betting works and how easy it is to understand the potential returns. It's a simple and fair way to get started in the world of betting.
Is Evs The Same as Ev In Betting?
While "evs" and "EV" might sound similar, they refer to different concepts in betting.
"Evs", or "evens", indicates a bet where the odds are 1/1. This means you'll win an amount equal to your stake.
On the other hand, "EV" stands for "Expected Value". It is a more advanced betting concept that helps you understand the potential profitability of a bet over time.
Expected Value is calculated by multiplying the probability of winning by the amount you could win, and subtracting the probability of losing multiplied by the amount you could lose.
In simple terms, "evs" tells you how much you could win from a single bet where each outcome is equally likely, while "EV" helps you figure out if the bet is likely to be profitable in the long run.
Understanding both terms can help round out your knowledge on betting and potentially make your betting experience more enjoyable since you can place better-informed bets. However, for beginners, focusing on evens bets is a good starting point before diving into the more complex concept of Expected Value.
Always gamble responsibly by only betting money you can afford to lose and never chase your losses.