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What does EVS mean in betting? | Evens Betting Explained


EVS betting is one of many different options you have open to you when you decide to wager at online bookmakers. What does EVS mean in betting, though? Like many betting terms EVS is a lot simpler to understand than it sounds.

In the past, we have looked at several other terms and features related to sports betting online. You can find many of those articles right here at this website. Now, we aim to turn our gaze to what EVS in betting means. If you are ready to begin, read on to find out more about this exciting option open to you at leading bookmakers online.

What is EVS betting?

What is EVS betting? The exact EVS meaning (in terms of betting) is easy to grasp. EVS means “evens”, so we are talking about even money bets here. If you have even the slightest inkling on how to bet on sports, you will be familiar with this concept. If not, here is what you need to know:

An evens bet is a straightforward bet on something the bookies are having difficulty with. If bookmakers struggle to predict a home or away winner, they might offer you even money odds on both options. In some cases, the odds for a bet on draws may potentially be greater.

Even odds are displayed under the following forms: 1/1 as fractional odds and 2.00 as decimal odds.

For instance, if you wager $1 on an EVS bet with odds of 1/1 or 2.00, you will pocket your original $1 stake back as well as $1 in profit.

Also, reading our “low odds vs high odds” guide will definitely help you understand things better.

Before you start even betting and potentially win real money, you need to find somewhere to place bets. The best odds bookmakers are ideal places to start. These are sites with the best odds margins, and we have included a few of them below:

🥇 Top 10 bookies offering EVS betting in 2020

Rank
Bookmaker
Sign Up Bonus
EVS betting offered
Rating
Get Started
1
100% up to €122
Yes
Rating 9.99 out of 10
2
Up to €500
Yes
Rating 9.98 out of 10
3
100% up to €100
Yes
Rating 9.97 out of 10
4
100% up to €100
Yes
Rating 9.97 out of 10
5
100% up to €100
Yes
Rating 9.97 out of 10
6
100% up to €100
Yes
Rating 9.96 out of 10
7
100% up to €100
Yes
Rating 9.95 out of 10
8
100% up to €100
Yes
Rating 9.93 out of 10
9
Up to $/€ 30 in Free Bets
Yes
Rating 9.93 out of 10
10
BET €10 GET €30
Yes
Rating 9.90 out of 10

Things you need to know before betting

Understanding EVS odds should be simple if you have a good grasp of sports and markets. The probability of them coming off is equivalent to the flip of a coin (50/50), and this makes them ideal for betting accumulators if you know your onions.

With the coin toss you get 2.00 true odds, but when the bookmaker gets involved they adjust the odds so they can get a cut. So you will end with odds like 1.95, for example. 

You should always opt to use the easiest sport to bet on, and that will be one you are knowledgeable about, such as football. If you know how to place a bet online, though, you are already halfway there.

How are my EVS betting winnings calculated?

As we said evens odds will be displayed in one of two ways. When using fractional odds, they will be shown as 1/1. When gambling with decimal odds, the odds will appear as 2.00. Ultimately, this means that you will double your money if you successfully predict a bet.

Let’s take an example. If you stake £10 on Chelsea to beat Liverpool at odds of 2.00 and Chelsea wins you will have a payout of £20 (£10 x 2.00 = £20). Which means you have your £10 investment returned plus an additional £10 as profit.

Even money bets are quite risky though, but if you are willing to take the risk you can combine them on an accumulator bet. Start with the double bet first.

If you place the same £10 on a double bet with 2.00 odds for each selection you will make a profit of £30.

2.00 x 2.00 = 4.00

4.00 x £10 = £40

£40 – £10 = £30

Tips for betting on evens at online bookmakers

We are not overly concerned with how bookies make money, but we are interested in how you can. In this section, we will peek at a few top tips to help you get something out of bookmakers when betting on evens.

Tip

👉 Betting Systems: Betting systems such as the Martingale work well with even money bets. Essentially this is what we are dealing with, so your evens betting strategy might include something such as the Martingale to help you get ahead.


👉 Added Chances of Success: Evens betting odds might not sound like a major leap in winnings. However, as you only need a 50% chance of success to gain a profit, this makes events with evens odds rather more profitable than those with longer odds.


👉 Arbing and Sharbing: It can be a bonus if you end up playing at arbitrage friendly bookmakers. Betting on each way markets (arbitrage betting) or placing each-way bets at two different bookies, one being a brick-and-mortar one (sharbing) can be profitable options. Of course, both methods rely on you finding conflicting odds before betting, which is not the easiest thing to do.


👉 Covering Bets: It is possible in some bookies to cash out early. If you already have a bet of 1/1 (2.00) at a live bookie, and things look as though they are going to turn sour, you can always cash out your bet early as soon as your bet is worth double. You will not receive double the winnings, but you will still make a profit. Check our list of the best cash out betting sites (or partial cash-out bookies) to find top places to play.


👉 Maximum Profit: If you have got this skill down to a tee, you may wish to get involved with high stakes betting sites, where you can really turn your stake into a hefty profit, especially when placing arbitrage bets or covering bets.

The perks and pitfalls of evens betting

Evens betting comes with both pros and cons, and these are the things you need to be aware of…

PROS

  • Ideal for profitable footbal betting if you know the teams inside and out
  • These bets are thought of as the perfect combination of risk and profit
  • Evens betting is easier to call, the more competitors there are in an event

CONS

  • The closer the two teams are in terms of odds, the more risk there is involved
  • Not all bookies accept arbitrage bets, so EVS betting based on that is tough to achieve

A helping hand: EVS betting FAQs

If you still have questions about even bets, check out this petite FAQ guide for answers…

That depends. Like most other forms of even money betting, there is a decent profit to be had (double your stake) but a moderate risk, too. If you are selective about the bets you make, you have a good shot of making it profitable. Using a common betting system such as the Martingale can help, but you may need a decent starting balance to ensure that you pull these bets off, too.

An EVS bet pays out even money. So, you can expect to win double whatever you bet. A $10 bet will result in a win of $20, for instance, consisting of your original $10 stake and $10 in profit.

Ideally, you will have more luck using EVS in betting when there are a lot of competitors. A golfer with odds of 2.00 (1/1) is a clear favourite if there are 50-odd other players involved. However, a football team with even odds against one with 2.60 odds is a lot tougher to call.

Absolutely, if you know your stuff. The thing about evens is that bookies evaluate their success rate to be the equivalent of a flip of a coin. However, a 50% success rate is still more profitable than bets featuring longer odds.

Get started with EVS betting today

You now know what evens betting terms mean, and that EVS betting is not as complicated as it sounds. Now all you need to do is zip on over to the biggest betting companies online and sign-up. You can find many of those sites right here on this page. Some offer arbitrage betting, and other betting sites with live streaming give you in-play and early cashout options. Ultimately, it is up to you how you wish to go about this, but with our reviews, you are guaranteed to find somewhere ideal to practice evens betting online.