What is another word for even money?
Pronunciation: [ˈiːvən mˈʌnɪ] (IPA) 
Even money refers to the equal amount of return as the initial bet. Some of the synonyms for even money include "equal odds," "50:50 chance," "odds on," "heads or tails," and "toss-up." Even money typically applies to gambling wagers, in which the payout is double the stake and the probability of the outcome is evenly balanced. Betting on a coin toss, for instance, is a classic example of an even-money bet as there is a 50% chance that either heads or tails could come up. It's important to understand the concept of even money when betting on events so you can accurately calculate your potential payouts and risks.
