Usually means: Equal odds of winning, losing.
Definitions Related words Mentions
We found 15 dictionaries that define the word even money:

General (13 matching dictionaries)
  1. even money: Merriam-Webster
  2. even money: Oxford Learner's Dictionaries
  3. even money: American Heritage Dictionary of the English Language
  4. even money: Collins English Dictionary
  5. even-money: Wordnik
  6. even money: Wiktionary
  7. even money: The Wordsmyth English Dictionary-Thesaurus
  8. even-money, even money: Dictionary.com
  9. Even Money (film), Even Money, Even money: Wikipedia, the Free Encyclopedia
  10. even-money, even money: TheFreeDictionary.com
  11. even money: Infoplease Dictionary

Slang (1 matching dictionary)
  1. even money: Urban Dictionary

Sports (1 matching dictionary)
  1. winyourwager.com Gambling Glossary (No longer online)

Definitions from Wiktionary (even money)

noun:  A bet which offers odds of 1 to 1.
noun:  (idiomatic) By extension, an event that is somewhat likely to happen, but far from inevitable.

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