Deriv trade typesUpdated 2 min readBy the FXNOD team
Even/Odd on Deriv: how it works and the real odds
Even/Odd is a bet on the last digit of the final tick. Even wins on 0, 2, 4, 6 or 8 and Odd wins on 1, 3, 5, 7 or 9. Five digits win either way, so the chance is 50%. The payout is a little under double the stake, which means the trade loses slightly on average however you choose.
How it settles
The contract lasts a set number of ticks. Only the last digit of the final tick's price counts. Direction, trend and the size of the move are irrelevant.
The numbers
| Measure | Value |
|---|---|
| Chance of winning | 50% |
| Break-even total return on a stake of 10 | 20.00 |
| Win rate needed if the return is 19.50 | 51.3% |
| Chance of 5 losses in a row | About 3%, or 1 in 32 |
| Chance of 10 losses in a row | About 0.1%, or 1 in 1,024 |
One in 1,024 sounds remote. A bot placing a one-tick trade every couple of seconds makes a thousand trades in well under an hour, so a ten-loss streak is something to expect, not something to hope against.
The streak strategies
The most common Even/Odd method waits for several even digits in a row and then bets odd. On an independent random process the next digit is even or odd with the same 50% chance after any streak. The rule is no worse than betting at random and no better. It becomes dangerous only when paired with a stake that doubles, because the streak that breaks the ladder arrives on schedule.
Why it is a good first contract anyway
- Two outcomes and one rule, so it is easy to check what a bot did.
- The odds are known exactly, so the cost of the contract is visible in the payout.
- It is a clean way to learn stake sizing, stop losses and how streaks really behave.
In FXNOD
Even/Odd is in Trade Pilot and Bot Forge. The Bot Forge template suggested as a first bot trades Even with the same stake every time and stops at your profit or loss cap. Another template waits for a streak of three and bets the other side.
Questions people ask
- Is Even/Odd really 50/50?
- The chance of winning is 50% on a random index. The payout is under double the stake, so the expected result is slightly negative.
- Does waiting for a streak improve the odds?
- No. Each tick's last digit is independent of the ones before it.
- Is zero even?
- Yes. Deriv lists 0 with 2, 4, 6 and 8 as the digits that win an Even contract.
Try this contract on demo
Every trade type in these guides is in Trade Pilot, and a bot in Bot Forge can buy it. Read the quoted payout and try it with Deriv's virtual funds.
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