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Evens betting

Surely the most basic roulette bet type you can think of is the old red or black. The rule is simple. You bet one chip and if you guess right, you get your chip back and earn one more. Plainly talking, this style of play lets you double your stake after every win.

Now you might be wondering, precisely what does EVS mean in betting? It’s exactly the same thing! Betting only on odds reaching 2.00 or even higher and trying to at least double your stake. Evens betting (encoded as 1/1 at British-style odds, 2.00 at European-style odds, or EVS) is becoming really popular among professional punters, as they are generally considered the most convenient odds.

Evens betting is described as an ideal situation for punters who like placing wagers on single bets and follow a specific money management strategy to increase their bankroll.

Finding matches at “evens” odds is not as simple as a “red-black” bet in the casino, but it can become a profitable way of placing bets. All you need to do understand the basics of odds calculation and see if the following tips can help you.

Understanding betting odds

A simple maths talk first. Regardless if you like to place bets on evens odds or not, you have to learn how to calculate the odds ratio. What’s the odds ratio? It’s not necessary to study statistics, not even memorize the official definition of the term.

All you have to keep in mind is the following: The odds ratio describes the difference between the odds probability and the actual probability. For example, if a basketball team is given over 2.00 odds to win a match, this means that the bookmaker estimates that they have less than 50% possibility to earn victory. If, according to your analysis, this team has more than 50% possibility of winning, the odds have value and are worthy to place bet on. If not, you’re going to place an invaluable bet, something you’re strongly recommended not to do.

Another term you could have in mind is the bookmaker vig, the (small) percentage of every bet the bookie keeps for himself. In ideal conditions, without a vig, a basketball match between two equivalent teams would be offered at 2.00 odds each. You cannot find this, though, except on some commission free odds, that are offered sporadically as a bookmaker bonus.

When the vig is embedded into the odds, they get somewhat shortened,  let’s say to 1.90-1.90. These odds describe a match where the teams have a 50% possibility of winning. Finding EVS odds means that you’re actually betting on the slight underdog of the tie, as the favorite odds drop to 1.80 to counterpoise. The bookie’s odds are not in your favor, but the difference is small and in most cases it’s worthy the try.

Benefits of evens betting

  1. Increased winning chances: It’s simple math, isn’t it? Betting on evens or more, means that you need 50% winning percentage or perhaps slightly less to be profitable. The higher the odds, the lower the required hit ratio you need to increase your bankroll. This is very important in long-term betting.
  2. Utilize betting systems: When you apply a money management system, such as those firstly used in roulette, you have to take the odds into account. The most popular ones, like Martingale and Labouchere, need to be staked at 2.00 odds at least, in order to be profitable. According to the evs betting strategy you should exclude all bets under 2.00 odds.
  3. Cover your live bets: When you bet on odds higher than evens, it becomes easier for you to cover your bets during live betting, if you’ re uncertain your bet will be confirmed in the end. Suppose you’ve bet for a team to win at 2.50 odds. You can “sacrifice” your extra 0.50 and cash out when the price offered by the bookie reaches up to double of your earnings.
  4. Arbing on 2 way markets: Arbing, or gambling grinding as it is often described, is a long and slightly different chapter in betting. One of its main rules includes backing your initial bet at evens odds or better. This offers you a far better chance of making a surebet. Supposed you’ve placed a bet on a tennis player to win at 2.20 odds and staked €95. If you find his opponent at 2.00 odds, you could easily stake €105 and get a nearly 5% profit regardless of the result. The essence of arbitrage betting is finding confronting odds before the start of the match, however, a surebet opportunity can easily show up in live betting too.
  5. Sharbing: This is another way of arbing, when you place one stake of a 2-way bet on an online bookmaker and the other at a bookmaker’s shop. It’s actually easier to sharb than arb, because betting shops in most cases change their odds later compared to online bookies and generally have higher if no limits at all.