even money
The term "even money" is often used in betting and finance to describe situations where the potential return is equal to the initial amount risked or invested.
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Definition
B2Betting
(technical)A wager where the payout is equal to the amount bet.
Example
- If you bet $50 at even money, you will win $50 if your bet is successful.
C1Finance
(technical)An investment scenario where the potential return matches the initial investment.
Example
- The investment was considered even money, meaning there was no gain or loss.
B2General
(idiomatic)An event that is likely but not certain to happen.
Example
- It's even money whether the team will win the championship this year.
Similar
Terms that have similar or relatively close meanings to "even money":
even upeven numbereven steveneven outeasy moneysingle moneyplay moneyplace moneyeach waybig money