The most common and most likely answer to this crossword clue is the 11 letter word FIFTY-FIFTY
I've seen this crossword clue in Financial Times
F
I
F
T
Y
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F
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F
T
Y
More clues leading to the result FIFTY-FIFTY
Buddy explains!
The straight part
We know that "Equally" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case equally = fifty-fifty.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does FIFTY-FIFTY mean?
FIFTY-FIFTY noun- A challenge between two opposing players, where both have an equal chance of taking possession.
- Half and half.
- In half: in two equal parts, shares, etc.