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 are the likelihood or probability of that result. Odds of 1-5 are popular in football betting and for horse racing events in the UK, and are slightly shorter than odds of 2-9 in the betting market.

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

What do 1 to 5 odds mean?

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

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

1/5 Odds Calculator

Here is a 1-5 odds calculator to calculate 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 correspond to a 16.7 per cent probability of a particular outcome and an 83.3 per cent probability of the other outcome.

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

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 place a bet on a 1/5 odds selection and you win, your total payout will be 1.2, which is your stake back plus 0.2 in 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 somewhat larger than 2-11 odds
• 1-5 odds have an 83.3 per cent chance of winning
• 1-5 fractional odds in decimal odds is 1.2

UK Bookmakers Free Bets

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

If you’re wondering how the 1/5 odds work when placing bets on sports betting markets with a free bet, we can help you calculate your potential winning bets.

When you have placed a qualifying bet to receive free bets, it is worth understanding that 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. When wagering bets on the 1-5 fractional betting odds market, be sure to check the terms and conditions to ensure your qualifying bet provides the opportunity for 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, you can use our odds calculator to work out your returns on a 1/5 winner.

Fraction Odds	Decimal Odds	American	Probability
1/5	1.2	-500	83.30%

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.

If you are looking to place a bet, then understanding the betting odds market is essential, 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.

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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. Please gamble responsibly.