BetBurger | Live and Pre-game surebets
RebelBetting - Turn betting into investing

What Does EVS Mean in Betting?

Ask anything about smart gambling
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 626
Posts: 6274
Joined: Thu Dec 30, 2010 4:34 pm

What Does EVS Mean in Betting?

Sun Jan 15, 2023 2:04 pm

If you are a seasoned veteran of the sports betting world, you will likely already know all about EVS betting. If not, you need not panic. We are here to walk you through the subject and provide you with all the information you need to engage in EVS betting online. Like all types of sports betting, EVS betting involves learning a bit of terminology and the methodology behind it, practising, and putting what you have learned to good use with real money wagers. Allow us to put you on the right track to doing that with our guide to EVS betting.

What Does EVS Stand for?

Before we get into the nitty-gritty of EVS betting, we must first understand what this term means. At its most basic, EVS stands for “evens”. In short, it means the sports betting market on something where the two opponents are likely to be very evenly matched. It is nearly impossible to predict a winner, and so the betting odds on a bet become even between the home and away sides. In short, there is no favourite or underdog. Such bets can be described as EVS bets or evens bet.

What Is an EVS Bet?

Think of a coin toss. It could land on heads or tails. You would naturally say that you have got a 50% chance of it landing on heads, and the same probability of it landing on tails. Nobody would refute this. Because there is the same chance of either side winning in a simple coin toss, any bookmaker offering you this bet will pay you 1/1 or 2.00 if you want to see the odds decimalized. Ultimately, this means that you can (at least) be sure to double your stake if you pick the winning side.

Now, apply this logic to a football game (as we all understand football, right?), and you will see how an EVS bet works. If two evenly matched teams - let us say Barcelona and Real - are set to take each other on at a neutral venue, then there may not be a clear advantage to either the home side or the away side. As a result, both teams would have the same odds and a 50/50 chance of success.

Why Bet on Evens Bets?

If you have got a 50% chance of winning, then you have got a 50% chance of losing, too. In fact, you have got less than that, as we must take into consideration a draw. With this in mind, why might you choose to wager on evens bets?

The greater the payout on something occurring, the less likely it is to happen. For instance, if Juventus are priced at 2.50 to win, and Inter Milan is priced at 1.85, there is a clear swing in favour of Inter Milan. Inter would have more than a 50% chance of success, while Juventus would be the underdogs. You have a chance to win marginally over 50%, but the payout for an Inter win is not particularly good. Similarly, if you bet on Juventus, you “could” win more money, but there is not a great chance of that happening.

When you stumble across EVS bets, you have got a fair cash prize (1/1, or doubling your stake) and an equal chance of success. This becomes especially prevalent if you take advantage of money-back deals in the event of a draw. In short, even betting represents the perfect balance between risk and reward.

Are There Any Perks to EVS Betting?

There are a few different perks you can encounter and experience when engaging in EVS betting systems. We have included a few of the prominent ones below. They include:

- Betting on even odds (or greater) gives you a 50% chance of success, increasing your chances of winning.

- You can also use betting systems, such as the Martingale (commonly used in roulette) with evens bets. As these systems are of no use on any type of bet which is not worth even money, they suddenly become desirable for EVS betting. However, be more than sure to understand the dangers of a system like this.

- Many leading bookmakers will let you cash out early with live, in-play bets. If things suddenly go pear-shaped in a game where you have wagered on a team to win at 2.5/1 or 2.50, you can opt to cash out early and sacrifice, say, $0.50 of your stake. You will still get a return worth double your stake by doing so.

- It is possible to engage in arb (arbitrage) betting on two-way markets with evens or better. If done correctly, you could guarantee a profit by backing and laying each opponent in a match with even (or greater) odds.

- There are many resources out there that can help you when betting on even money bets. Tipsters often carry all sorts of advice about the hottest value bets of the day. Since even betting is all about finding flaws in the market and identifying weaknesses to exploit, it is always worth seeking them out and seeing what they have to say.

Is EVS the Same as EV in Betting?

Not at all. It is essential to understand the difference between the two. EVS stands for evens, which is a type of qualifying bet you can play. EV is an abbreviated form of Expected Value. The expected value would be the amount you can (or lose) if you were to place the same stake on identical events over time. Do not use an EV calculator to expect assistance with your EVS betting. They are not the same thing.

Do Bookmakers Showcase EVS Odds?

Many UK bookmakers will actively showcase their EVS odds. In fact, it is in the United Kingdom where evens betting is most popular with punters. UK bookies often go out of their way to make things extra simple for UK players. They can showcase EVS bets on a betting slip, where it replaces Home and Away sides. Sometimes, the bookmaker may even raise the probability of a draw when dealing with evens bets and odds. Unlike matched betting, EVS betting is not frowned on and is a perfectly valid way to gamble online.

How to get better odds than Pinnacle and Betfair? Read: comparing-services-and-offers-t2267/
How about a €500 bonus? Read: portal/asianconnect/
balls of steele
Has experience
Has experienceHas experience
Karma: 10
Posts: 204
Joined: Tue Sep 06, 2016 5:12 am

Re: What Does EVS Mean in Betting?

Mon Jan 16, 2023 8:57 am

The Martingale system is a guarantee for catastrophe.
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 626
Posts: 6274
Joined: Thu Dec 30, 2010 4:34 pm

Re: What Does EVS Mean in Betting?

Tue Jan 17, 2023 9:27 am

balls of steele wrote:
Mon Jan 31, 2022 8:57 am
The Martingale system is a guarantee for catastrophe.
We mentioned the danger in the article.
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 626
Posts: 6274
Joined: Thu Dec 30, 2010 4:34 pm

Re: What Does EVS Mean in Betting?

Wed Jan 18, 2023 8:13 am

balls of steele wrote:
Mon Jan 31, 2022 8:57 am
The Martingale system is a guarantee for catastrophe.

If you want to read some more about the Martingale system: portal/martingale-betting-system/
x-casino
Has experience
Has experienceHas experience
Karma: 11
Posts: 152
Joined: Wed Oct 11, 2017 4:17 pm

Re: What Does EVS Mean in Betting?

Fri Jan 20, 2023 7:24 am

I still can't figure out the difference between an EVS bet and a Draw No Bet (DNB) bet. Could anyone help?
Thank you.
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 626
Posts: 6274
Joined: Thu Dec 30, 2010 4:34 pm

Re: What Does EVS Mean in Betting?

Sat Jan 21, 2023 7:25 pm

x-casino wrote:
Tue Apr 05, 2022 7:24 am
I still can't figure out the difference between an EVS bet and a Draw No Bet (DNB) bet. Could anyone help?
Thank you.

The Draw No Bet (DNB) is explained here: what-is-draw-no-bet-t8265/
Regards

Return to “Newbie's questions”