In the context of casinos and online gambling, an even money bet is a wager with a 1:1 payout. This means that, when you win, you will be paid an amount equal to your bet.
For example, if you placed a $10 bet, then you would get $20. This figure is composed of your original $10 bet and $10 in winnings paid out by the casino.
In nearly all casino games, even money bets are the easiest to win.
Examples of Even Money Bets
- All bets placed in blackjack (a 3:2 payout is awarded if you get a natural blackjack);
- The following bets in roulette: Reds / Blacks, Evens / Odds, Low / High;
- All bets in baccarat.
Even money bet:
- A wager with a 1:1 payout.
