If you’re wondering what 5/1 means in betting, you’ve come to the right place.

The 5 to 1 odds of an event happening are the likelihood or probability of that result. 5-1 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 11-2 odds in the betting market.

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

Contents

1 What do 5-to-1 odds mean?
2 5/1 Odds Calculator
- 2.1 How To Use The 5/1 odds payout calculator?
3 5 to 1 Implied Probability
4 Convert 5-1 Odds to American Moneyline Odds?
5 5 to 1 odds payout
6 Popular Questions
- 6.1 Are 5/1 Odds Good?
- 6.2 What is 5-1 odds in decimal?
7 Facts About 5 to 1 Betting Odds
8 UK Bookmakers Free Bets
9 Summary of 5 to 1 Odds

What do 5-to-1 odds mean?

5-1 Betting Odds means that, out of 6 possible outcomes, there will be 5 of one kind and 1 of another.

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

5/1 Odds Calculator

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

Enter Bet Details

Bet Type

Eachway

No of Selections:

Odds Format:

Add Selection Notes:

Show Rule 4:

Bets

#	Outcome	Odds	Place Odds	Rule 4

1	Outcome:	Odds: /	Place Odds	Rule 4:
	Places Offered: Places Offered: Number of Runners in Dead Heat:

Fold	Outlay	Return	Profit
single	–	–	–
double	–	–	–
treble	–	–	–
4-fold	–	–	–
5-fold	–	–	–
6-fold	–	–	–
7-fold	–	–	–
8-fold	–	–	–

Enter Bookmaker Bonuses

All Winners Bonus:

One Winner Consolation:

Summary

Stake Type

Stake

Total Outlay:

Total Return:

Total Profit:

How To Use The 5/1 odds payout calculator?

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

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

5 to 1 Implied Probability

The 5-1 betting odds correspond to an 83.33 per cent probability of a particular outcome and a 16.67 per cent probability of the other outcome.

The 5/1 odds implied probability means your selection has a 16.67% chance of winning and an 83.33% chance the selection will lose.

Convert 5-1 Odds to American Moneyline Odds?

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

Conversion to American Odds is calculated by (6.0 – 1.0)* 100 = 500

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

5 to 1 odds payout

If you place a bet on a 5/1 selection and you win, your total payout will be 6.00, which is your stake back plus 5.00 profit.

Here are some examples of 5-1 odds payouts:

£1 bet on a 5/1 pick returns a total return of £6.00
£5 bet on a 5/1 pick returns a total return of £30.00
£10 bet on 5/1 returns a total return of £60.00
£40 bet on 5/1 betting odds returns a total return of £240.00
£100 bet on 5/1 odds returns a total return of £600.00
£400 bet on 5/1 odds returns a total return of £2400.00

Facts About 5 to 1 Betting Odds

5-1 are fractional odds
5-1 betting odds are slightly shorter than 11-2
5-1 betting odds are somewhat larger than 9-2 odds
5-1 odds have a 16.67 per cent chance of winning
5-1 fractional odds in decimal odds is 6.00

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 5/1 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.