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What does even money mean in betting?

Even money means you win the same amount you bet: a $10 bet wins $10.

Example: Bet $50 at even money and win: you get $100 back. Even money is $2.00 in Australian odds and +100 in US odds.

Even money is what a fair coin toss would pay.

Bookies rarely offer it on both sides of a game, because they add their cut.

As of 5 October, the bookies keep about $5 of every $100 bet on who-wins bets across the games we track.

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Updated 5 October 2026. More betting questions · How we write and correct our pages.

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