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Wiktionary
level pegging

a. (context of two contestants English) equal (having the same number of points, or being in the same position)

Usage examples of "level pegging".

I represent an Intelligence service whose present interests happen to line up with yours and if you want me to co-operate it's got to be level pegging and if you think I'm going to start by licking your boots you've got another think coming.

And now, within a mere fifty minutes or so, they were level pegging, five games all, and Ed was serving again.