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even money

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noun
  1. the equal sum staked by each bettor.
  2. equal odds in a wager: It's even money that the home team will win.
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Origin of even money

First recorded in 1890–95
Related formse·ven-mon·ey, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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Idioms and Phrases with even money

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]

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The American Heritage® Idioms Dictionary Copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.