We know so many of you are plugging in “EVS meaning betting” into your search engines, hoping to find a solid answer. So we're here to tell you what EVS stands for, along with a whole host of other key things you need to know about a betting term that gets bandied about a whole lot.
EVS stands for evens. Okay, this statement is true, but what does evens mean in betting? Put simply, this is a bet that the bookies think has as much of a chance as winning as it does of losing. It's like a coin flip, but not with a double-headed coin, obviously! And they've got the odds to back that up…
Scrolling through your favourite online sports book, you might be keen to spot a betting term in action. Look at the odds offered for various bets and you'll find it. It'll appear as 1/1 if you use fractional odds. Or if you're into the decimal way of doing things, keep an eye out for 2.00.
Although EVS stands for evens and more than likely these are the two terms that you'll stumble upon most regularly, there are a few other names for this betting term. You might also hear a betting term levels or scotch. Both of these indicate EVS aka evens.
You'd be surprised at the number of people who make this mistake. EVS stands for evens. We may have mentioned that once or twice already! Meanwhile EV stands for expected value, which is the amount you can expect to win or lose over time. EV calculators aren't going to do you any good if you're thinking about EVS wagers!
Alright, let's talk cold hard cash. If you're new to sports betting, you might not know what these odds really mean. Put simply, if you bet €5 on a 2.00 bet, you'll get €10 back. €5 of that is your original stake, and €5 of that is profit.
Fan of multiples? String together EVS bets and you can end up with a bigger payout. For example, if you staked €5 on a straight treble of EVS and you win all three, you'll pocket €40, €35 of that is your profit.
Although we should note multiple bets and accumulators are inherently way riskier than regular bets, so keep that in mind! The bookies only pay out big for those because they're much less likely to come through for punters like yourself.
A betting term in a league of its own, EVS as discussed is all about equal chances of both outcomes happening. Meanwhile, if you place an odds on bet, the bookies reckon that outcome is more likely. If you're looking at an outcome that is less likely than not to happen, it's an odds against wager.
For some people, EVS stands for the perfect balance of a bet. There's a decent ratio between risk and payoff. Theoretically, if you always bet on evens, you'll only have to win half the time to stop losing money in the long term, right? Well although that might be technically true, that's still a bit of a leap. A lot of evens bets are actually riskier than you might think…
You've got to look at the flip side of the bet too. What odds are on the other outcomes happening? There's a heck of a difference between placing an EVS bet on one team winning (with odds of 2.00, as previous discussed), when the other team has 5.00 odds that they'll win. This is a tempting evens bet for sure.
Meanwhile, if one team has 2.00 odds and the other has 2.50 odds, this is a way closer call and makes your evens bet much harder to predict.
It always comes down to numbers with sports betting, doesn't it? Well here we are again. Think logically about it. Say you're betting on a horse race with 12 horses competing. One horse is 2.00 to win. In this case, you can take it that this is a fairly solid bet to place.
On the other hand, like the examples we gave above, if there's a tennis match between two players and one is evens, while the other is a little above or below that magic 2.00, then it's harder to call.
Feel like cashing out when the game is in-play? Keep an eye on the odds. Sometimes you might be able to surrender a little bit of your cash so you don't lose the lot. And with EVS or higher bets, it's simply easier to cover yourself against losses in that scenario.
Looking for a solid online sports book with EVS bets? Check out bet365. It's easy to scroll through the odds to find EVS wagers for a whole host of different markets. And if you're new to the site, don't forget to use this bet365 bonus code when you sign up.
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