Crossword Genius

Betting odds nevertheless shortened (5)

Ross

I believe the answer is:

evens

'betting odds' is the definition.
(I've seen this before)

'nevertheless shortened' is the wordplay.
'nevertheless' becomes 'evenso' ('even so' can be a synonym of 'nevertheless').
'shortened' means to remove the last letter.
'evenso' with its last letter removed is 'EVENS'.

(Other definitions for evens that I've seen before include "Likelihood" , "These are odds, strangely" , "Presses" , "Makes equal" , "50-50 odds" .)

I've seen this clue in The Telegraph.
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