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What does 50-50 mean?

Looking for the meaning or definition of the word 50-50? Here's what it means.

Noun
  1. Alternative form of fifty-fifty
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Examples
After all, HP's shareholders were split almost 50-50 on the Compaq deal at the time, and since then, it has become clear the detriments outweighed the benefits.
Every week, he pined for a sellout, selling the virtues of a good crowd like a high-school coach, hoping that filled stands would raise the stakes in the 50-50 raffle.
Income from the field, estimated to contain proven reserves of 70m barrels, will be split 50-50 between Angola and the Republic of the Congo.
The players who exemplify the respective styles of their teams are Henry and Emile Heskey, an awesome beast who can barge Martin Keown off a 50-50 ball and charge goalwards.
The unfortunate animal is immured in a box that also contains a radioactive source with a 50-50 chance of decaying within the next hour.
Nick Walne and Shaun James are both suffering from shoulder injuries while Nick Robinson has a dead leg with just a 50-50 chance of playing.

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