The term ‘evens’ is a common phrase used in horse racing. It is used to describe the odds that a certain horse will win a race, and it is also a term that is used to indicate that a certain horse is the favorite to win. In this article, we will explain what evens mean in horse racing and how it is used to determine the favorites in a race.
Understanding the Basics of Horse Racing Odds
Before we can dive into what evens mean in horse racing, it is important to understand the basics of horse racing odds. In most cases, horse racing odds are determined by the amount of money that has been wagered on each horse. The more money that has been bet on a horse, the higher the odds are that the horse will win.
Odds are usually expressed as a fraction. For example, if a horse is given odds of 3/2, this means that if the horse wins, the bettor will receive three times the amount of money that was wagered. On the other hand, if the horse loses, the bettor will only get back two times the amount of money that was wagered.
What Does Evens Mean in Horse Racing?
Now that we have a basic understanding of how horse racing odds work, let’s take a look at what evens mean in horse racing. In most cases, the term evens is used to describe a horse that is given even odds to win a race. This means that if the horse does win the race, the bettor will receive the same amount of money that was wagered.
For example, if a bettor places a $10 bet on a horse that is given evens to win, and the horse does win, then the bettor will receive $10 back. This is why evens are often used to indicate that a certain horse is the favorite to win a race.
When to Use Evens in Horse Racing
In most cases, evens are used when a horse is the clear favorite to win a race. This could be due to the horse’s past performance, the track conditions, the jockey, or any other factor that could indicate that the horse is likely to win the race.
In some cases, evens can be used when two horses are equally likely to win a race. This is usually the case when two horses have similar form or when two horses have similar race times. In this case, both horses will usually be given evens to win the race.
Odds Changes in Horse Racing
It is important to note that horse racing odds can change. This is usually due to the amount of money that has been wagered on a certain horse. If a horse is given evens to win a race, but then more money is wagered on the horse, the odds may change from evens to, for example, 2/1 or 3/1.
Conclusion
In conclusion, evens is a term that is used in horse racing to describe the odds that a certain horse will win a race. It is also used to indicate that a certain horse is the favorite to win a race. Evens can be used when a horse is the clear favorite to win, or when two horses are equally likely to win. It is important to note that horse racing odds can change due to the amount of money that has been wagered on a certain horse.