What does EVS mean in betting?

You may think EVS is the abbreviation for some complicated term in sports betting, but it simply stands for even money - a price where the potential profit equals the stake.For example, a £10 bet at EVS returns £20 in total - the initial £10 stake plus £10 profit.Read MoreWhat does EVS mean in betting?EVS is short for even money or evens, where the amount staked is matched by the potential profit if the bet wins.EVS is shown as 'EVS', 'Evens' or 1/1 in fractional formats. EVS reflects a roughly 50 per cent implied chance before the bookmaker's margin.Evs odds explainedWhenever you see EVS or some variation - 1/1 or Evens - you can think of it as a bet that will potentially double your money.If you were to place a £5 bet at EVS, a winning bet would return £10 in total - the £5 stake plus £5 profit.A quick mental shortcut is that doubling the stake gives the total return on a wager at EVS. Bookmakers will occasional boosts an odds-on selection to evens for a big event, and it’s a good betting strategy to keep an eye out for these enhanced odds.Why do bookmakers offer EVS odds, and how does it compare to other prices?How bookies work when an event is too close to call is they’ll offer the same odds on all participants. However, factoring in their profit margins, they’ll likely make all parties odds-on, rather than evens.Odds shorter than EVS, such as 1/2, yield lower returns than the initial stake because the outcome is considered more likely. Alternatively, odds longer than EVS, like 2/1, return more because it's seen as less likely to occur.Some bookmakers will list even odds as EVS or in traditional prices: 1/1 in fractional odds, 2.0 in decimal odds, and +100 in American odds. These all express the same even-money price.EVS vs EV: Don’t get them mixed upEVS and EV are two common sports betting terms, with one used frequently by bookmakers and the other by tipsters. However, despite looking similar, they shouldn’t be confused. EVS is a price, but EV stands for expected value. Expected value is a calculation bettors perform to judge whether a bet is worth backing on a long-term basis, no matter the odds. The expected value is what a bettor can expect to win or lose by placing the same bet on identical events over and over again, based on a large sample size. Read MoreResponsible gamblingBettors are reminded to always gamble responsibly by using the safer gambling tools available on betting sites.We also recommend setting a budget, taking regular breaks, and not chasing losses when gambling.Betting should only be viewed as a source of entertainment, never as a reliable income.EVS betting - frequently asked questionsIs EVS the same as even money?Yes - EVS and even money mean the same thing: a price where the profit equals the stake, shown as 1/1 in fractional odds.How is EVS shown in decimal and American odds?EVS in decimal odds appears as 2.0 and +100 in American odds. Both represent the same even-money price as 1/1 fractional.