As more and more sports and markets open up, the odds get even more complicated. Odds of
1/5 are right🧾 up there as quite popular but also tricky to work out in your head.
That’s why we’ve put this handy🧾 guide together!
First off, odds of 1/5 are known as
‘Odds ON’. This means that you have to bet far more🧾 than you will get back if you place
a winning bet. In the easiest terms to understand, you will receive🧾 £1 for every £5
that you stake on a successful bet. So no matter how much you decide to spend,🧾 the most
you can ever expect back is 20% of what you bet.
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These are clearly not favourable odds.
And you need to stake a lot of money to make any🧾 real money. That said, often 1/5 odds
means there is a very clear favourite which does increase your chances of🧾 a win. Just
remember that nothing is guaranteed. A horse can fall, a winning football team can
concede a goal🧾 in the last minute and a golfer can have an off day. So no matter how
‘sure’ the ‘sure thing’🧾 is, upsets happen.
A lot of the time you will see odds of 1/5
available on ‘In Play’ markets. That is🧾 when the game/race/competition is already
underway but not over. So in the middle of a football game, if one team🧾 is winning 2-0
they could easily go to 1/5 to win the game. The bookmakers want to pay out as🧾 little
as possible so the odds shorten with every passing minute or goal that goes in.
So now
we get to🧾 the working out of the odds. This is actually a very simple maths
formula.
The first number (1) is the amount🧾 you’ll win from wagering the second number
(5). So for every £5 that you bet, you will get back £1🧾 if your bet wins. You basically
get back a lot less than you bet, plus your stake back.
For instance, a🧾 £10 winning bet
at 1/5 will payout £2 (plus your £10 stake is returned). If you increase the stake to
🧾 £50 you’ll get £10 back (plus £50 stake). The maths formula for a win only bet
is:
(amount staked x 1)🧾 / 5 = win returns + stake back = total amount of returns.
For
example: (£30 x 1) = £30 divided🧾 by 5 = £6 win + £30 stake back = £36 returned in
total.
There is an option to bet each-way🧾 in most markets. However, it is generally
advised not to do this unless the odds are over 6/1. The reason🧾 is that you can’t win
any money if your bet loses the win but takes a place instead.
Most bookmakers payout
🧾 1/4 odds on each-way places. And when you are already betting on such short odds, it is
almost impossible to🧾 get any money back on an each-way bet. For example, if you placed
£10 each-way (£20) on odds of 1/5🧾 you would get back £10.50 in TOTAL.
You would lose
the win part of your stake, leaving you with the each-way🧾 winnings of just 50p plus
that part of the stake back. It really isn’t worth it.
So there you have it,🧾 1/5
explained in simple terms. There’s a payout guide below for some common bets placed at
those odds. However, you🧾 can also use our online bet calculator to work out other odds
and stake combinations.
1/5 WIN BETS
£1 @ 1/5 =🧾 20p
£2 @ 1/5 = 40p
£5 @ 1/5 = £1
£10 @
1/5 = £2
£25 @ 1/5 = £5
£50 @ 1/5 =🧾 £10
£100 @ 1/5 = £20
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The amounts quoted above are based on Win
bets only. The returns do not include the original amount staked. If🧾 you place an
each-way bet and it wins, you get back the win and the place winnings, plus your
original🧾 stake.
If you’re interested in placing bets online with a reputable bookmaker
then Betfair has a great welcome offer for new🧾 customers.
