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It's a reference to horse racing. "Six, two and even" means a horse is 6-1 to win, 2-1 to place (finish second) and even money to show (finish third).

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"Six, two, and even, over and out" is a direct quote from the old Dick Tracy Cartoons. He was usually talking into his wrist radio when he said it. At the time, it was funny because radios at the time (late fifties, early sixties) weighed several pounds and took up more space than would fit on a wrist. The numbers come from two dials that were used to measure received power levels. Hence, six was showing up on one dial, two was showing on the other, and the numbers were holding steady. This same origin is reflected in the term "I read you five by five," indicating that the two dials were both at five (a pretty strong signal). Nowadays, of course, we have two-way wrist TVs just like Dick had. Will wonders never cease?
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Q: What does six two and even mean?
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