Even Money Bet
Even Money Bet Description – A Bet That Pays Back Your Stake
An even-money bet is a bet that exists in many casino games. In simple terms, the term “even money” means that you’re getting a 1 to 1 payout on your initial bet.
For example, if you bet on roulette and choose a bet like red/black or odds/even, you’re making an even-money bet. In both cases, you’ll potentially receive the same amount you’re risking for the bet.