If you frequently browse through odds on betting apps, you might have seen the term EVS around. Most platforms don't provide explanations or tooltips for such jargon, which can be confusing for beginners on betting apps.
EVS is one of the most fundamental concepts in sports betting, and it can turn into a real edge for punters who are experienced in their favourite niches.
EVS Meaning in Betting
EVS stands for "evens" in betting. It represents odds of 1/1 in fractional format or 2.00 in decimal format. You can double your money if your EVS bet wins.
If you place a £20 bet at EVS odds and win, you'll receive £40 total. EVS odds occur when bookmakers consider two outcomes to have equal chances. You'll commonly see them in closely matched sporting events, or coin flip scenarios. However, evens could be a rarer sight to see in highly-popular betting markets in top-tier football, NBA, tennis, golf, NFL, WWE, UFC, and horse racing competitions.
I, personally, like EVS due to its simplicity. There is no need for complex calculations while estimating potential payouts.
How EVS Appears in Different Odds Formats
Depending on your region or the betting apps of your choice, EVS odds can appear in different formats.
1/1 means "EVS" or "evens". This is the traditional UK format.
"EVS" or "evens" odds are indicated by 2.00. This means you get back exactly twice what you wagered.
+100 represents "EVS" or "evens" in American odds. The plus sign indicates you're betting on the underdog, and the number shows how much you'd win on a £100 bet. If you were to bet on a favourite instead of an underdog, then the plus sign would be a minus.
Most UK-based betting apps default to fractional odds, and you can switch formats in your account settings.
When Do EVS Odds Happen in Betting Apps?
EVS odds happen when betting apps assess two outcomes as having nearly equal probability. You'll frequently encounter them in head-to-head markets, two-way markets, and specific live betting scenarios.
When multiple bookmakers offer EVS odds, it means the true probability of something happening is close to 50 percent.
Advantages and Disadvantages of EVS in Betting Markets
EVS markets can offer strategic advantages to punters, but there are also disadvantages.
Advantages
Easy to calculate profits
A balanced risk-reward ratio
More beginner-friendly
Disadvantages
Upside potential is limited
Can create false confidence
More challenging to develop an edge
EVS Betting Apps FAQs
Yes, EVS stands for events, and it means odds of 1/1 or a 50/50 chance.
No, EVS odds can't change after placing a bet as they're locked in.
No, EVS and EV are two different terms. EVS refers to even money odds (1/1), while EV stands for expected value.
Betting apps may show EVS in different ways. Most UK apps display EVS as "evens" or "EVS," while apps using decimal odds show it as 2.00.
Yes, -100 is greater than -200 both in odds and in a numerical sense.
-100 odds: To win \£100, you must bet \£100.
-200 odds: To win \£100, you must bet \£200.
A minimum odds of -200 means your bet must be on an outcome that is -200 or riskier. At -200 odds, you'd need to bet £200 for a chance at winning £100.
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