Definition of even money noun from the Oxford Advanced Learner's Dictionary


even money

BrE BrE//ˌiːvn ˈmʌni//
; NAmE NAmE//ˌiːvn ˈmʌni//
(British English also evens [plural])
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(in betting) odds that give an equal chance of winning or losing and that mean a person has the chance of winning the same amount of money that he or she has bet
See the Oxford Advanced American Dictionary entry: even money