Even money, as a gambling term, describes a wagering proposition with even odds - in other words, if one loses a bet, one stands to lose the same amount of money that the winner of the bet would win (less, of course, the vigorish or "juice"). The term has come to have meaning in the wider English usage beyond actual gambling, however, as a way of describing an event whose occurrence is about as likely to occur as not, as in "It's even money that it will rain today". Compare 50 50.
Rugby (League and Union)
With proper strategy, a smart player can create a positive mathematical expectation.
Gambling has had many different meanings depending on the cultural and historical context in which it is used. Currently, in western society, it generally has an economic definition and meaning and typically refers to "wagering money or something of material value on something with an uncertain outcome in hope of winning additional money or material goods". Furthermore:
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