In online bitcoin sports betting, evens bet is a type of bet which is placed at odds of 2.00 (1/1) which is also popular as even odds. You will notice this bet especially for players who mostly bet on singles. It’s because it doubles your stake if you will guess it correctly.
Let us understand what is exactly so you can bet smoothly.
What do Evens mean in betting?
Bet in which the net profit is equal to the amount wagered. Equivalent to a 2.00 quota in the decimal system and a 1/1 quota in the fractional.
Evens is nothing but a betting term. It relates to the odds given by the bookmakers for a betting selection within a bet market of any event. In horse betting, the horse could even to win its race and the over 2.5 goals market. On the other hand, in a football match between Ipswich and Norwich might be evens as well, as for an example.
When you start in the world of online sports betting, the first question that comes to mind is what are Evens and Odds? Basically, they are a probability. The number that appears to designate that probability also indicates what value you can earn by betting.
In bookmakers, such as CoinBet24.com for example, the evens and odds are set by their professionals. They set to represent the probability of an event happening. It is calculated with statistical data, team information and a series of other important data regarding the analyzed matches or events.
In a betting exchange, like Betfair, they work differently. As betfair is a betting exchange, its values are defined according to the volume of bets placed between the various players. It is the gamblers’ community itself that directly or indirectly defines the probability value for the event or outcome.