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Even money is a term that means a punter will receive the same amount of money they wagered if the bet wins.
If you see 1/1 that is classed as evens or 2.00 in the decimal format. A £10 bet at evens will see you win £20. Even money bets are commonly seen in moneyline markets.
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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.