| 1. | the equal sum staked by each bettor. |
| 2. | equal odds in a wager: It's even money that the home team will win. |
| even money n. Equal stakes in a wager. |
even money
Equal odds that something will occur, as in It's even money that he'll get the contract. The term comes from gambling, where it signifies equal odds in a bet. [Late 1800s]