1-5 Betting Odds

If you are wondering what 1/5 means in betting you have come to the right place.

The 1 to 5 odds of an event happening is the likelihood or probability of that result. 1-5 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 2-9 odds in the betting market.

In our 1-5 horse racing betting odds guide, we explain what 1 to 5 odds mean?, what is the 1 to 5 probability and show you what a 1 to 5 odds payout would be.

What does 1 to 5 odds mean?

1-5 Betting Odds means that out of 6 potential outcomes, the 1/5 odds are that there will be 1 of one kind of outcome and 5 of another kind of outcome.

The 1-5 odds calculation means for every 6 betting events your selection should win 5 times and on 1 occasion the selection will not win.

1/5 Odds Calculator

Here is a 1-5 odds calculator to work out the potential winnings of a 1/5 priced winner.

How To Use The 1-5 odds payout calculator?

Here is the step-by-step guide on how to use the free online 1-5 odds calculator:

1. ‘Bet Type’ will already be selected as a single bet
2. Select the ‘Outcome’ of “Winner”, “Placed”, “Lost”, “Dead Heat”, “Void” or “Non-runner”
3. Select the ‘Odds’ of 1-5
4. Select the ‘Stake’ wagered
5. The 1/5 odds payout calculator will then work out total outlay, total return and total profit

1 to 5 Implied Probability

The 1-5 betting odds probability is a 16.7 per cent probability of a particular outcome and an 83.3 per cent probability of another outcome.

The 1/5 odds implied probability means your selection has an 83.3% chance of winning and a 16.7% chance the selection will lose.

Convert 1-5 Odds to American Moneyline Odds?

The conversion of 1-5 odds to American Moneyline odds is -500.

• Conversion to American Odds is calculated by -100 / 0.2 = -500

Money line odds (aka “American” odds or “U.S.” odds) of -500 is the equivalent to 1-5 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).

1 to 5 odds payout

If you wager a bet on a 1/5 betting odds selection and you win, your total payout will be 1.2 which is your stake back plus 0.2 profit.

Here are some examples of 1-5 odds payouts:

• £1 bet on a 1/5 pick returns a total return of £1.2
• 1/5 odds £5 bet returns £6 including your stake back
• 1/5 odds £10 bet returns £12 including your stake back
• £30 bet on 1/5 betting odds returns a total return of £36.00
• £100 bet on 1/5 odds returns a total return of £120
• £300 bet on 1/5 odds returns a total return of £360

Facts About 1 to 5 Betting Odds

• 1-5 are fractional odds
• 1-5 betting odds are slightly shorter than 2-9
• 1-5 betting odds are slightly larger than 2-11 odds
• 1-5 odds have a 83.3 per cent of winning
• 1-5 fractional odds in decimal odds is 1.2

UK Bookmakers Free Bets

When new customers sign up to UK bookmakers they usually receive a free bet welcome bonus.

If you are wondering how the 1/5 odds work when placing bets on sports betting markets with a free bet we can work out your winning bets potential outcomes.

When you have placed a qualifying bet to receive free bets it is worth understanding on any free bet wins you do not get your stake back.

• £1 free bet on a 1/5 returns a winning bets total return of £0.20
• 1/5 odds £5 free bet returns £1.00 win bets total
• 1/5 odds £10 free bet returns £2.00 bet wins total
• £50 free bet on 1/5 odds return £10.00 winning bets total
• £100 bet on 1/5 odds returns a total return of £20.00

Please bet responsibly and when wagering bets on the 1-5 fractional betting odd market be sure to check the terms and conditions to make sure your qualifying bet gives you the opportunity of horse racing free bets bonuses.

Summary of 1 to 5 Odds

If you have placed a bet on a 1-5 pick and it has won then we have an odds calculator you can use to work out your returns on a 1/5 winner.

The bet calculator allows you to work out winnings on some of the following bets where you might have a 1-5 shot in the bets:

• Online Round Robin Calculator
• Online Lucky 63 Calculator
• Online Trixie Calculator
• Online Lucky Fifteen Calculator

When you are looking to place bets on the top-rated horse racing betting websites online or through your mobile phone on the best sportsbook betting apps if your selection is a 1-5 chance of winning you want to try and choose an online bookmaker offering BOG bonus in December 2023.

If you are looking to place a bet then understanding the betting odds market is important as you want to choose your picks based on the value in the betting ring.

Here are all the betting odds guides we have created at British Racecourses.

Many punters who understand the 1-5 odds and betting markets utilise the new sportsbook bookmaker bonus offers they give in opening new accounts and the bookies incentivise signing up with amazing horse racing free bets online.

We hope your 1 to 5 odds pick is a winning selection and please always gamble responsibly.