5000/1 – Just what does that mean? (2024)

Leicester City have defied all the odds, exactly 5000 of those odds and gone on to win the English Premier League. The is the greatest achievement in the clubs 132-year-old history. But it’s hard to imagine exactly how unlikely 5000-1 odds are.

This means there was a 1 in 5000 chance of this event happening, 0.02%.If you can toss a fair coin 12 times and get it to land on heads 12 times, the chances of that happening are about 4000 to 1. This might seem likely to happen but give it a try.

We’ve compiled a list of thing to help put this into perspective. We start with the most likely to happen and finish with the least likely:

  • Aliens to be found on Earth in 2017- 100/1 -To find forms of Alien life on Earth next year works out at a crazy 50 times more likely than Leicester winning the Premier League.
  • Katie Price winning the Nobel prize in Literature – 100/1 -Celebrity Katie Price is a famous face who appears on our Television screens or in the Newspapers, having released many autobiographies she has delved into the world of literature and is 50 times more than likely to gain a Nobel Prize before Leicester win the Premier League.
  • Become a millionaire by the age of 40 – 100/1 -The chances of becoming a millionaire aren’t so low at 100/1, of course there are many other factors involved in this
  • Getting 10 A* grades in your GCSEs 140/1 -If you think its unlikely that you’ll get 10 A* grades in your GCSE think again, 4500 students achieve this each year from 630,000 who sit the exam making this about 140/1
  • Loch Ness Monster to be discovered – 500/1 -Many theories have developed over the years about sighting of the “Loch ness Monster” after numerous reported sightings, the claims remain unproven but the odds of 500/1 still mean it is ten times more likely for it discovered than Leicester winning the Premier League
  • Simon Cowell to be the next prime minister – 500/1 -Music mogul Simon Cowell may be made famous by his X-Factor show and his Syco music label, but bookmakers made him 500/1 to be the next prime minister, a whopping ten times more likely than seeing Leicester take the Premier League trophy.
  • Bono to become the next Pope – 1000/1 -Bono, Times Person on the year 2005. Is at 1000/1 to be the next Pope, despite his philanthropic work we can’t see him being the next Pope, but this remarkable option is still five times more likely than seeing Leicester win the League in 2015/2016!
  • The Queen to release a Christmas Number 1 – 1000/1 -The Queen, yes you did read that right, The Queen, the Head of the United Kingdom is seemingly five times more likely to put her vocal cords to the text to release a Christmas number one rather than Leicester winning the league. Remarkable.
  • William and Kate to have triplets – 1000/1 -William and Kate have recently had two young children in George and Charlotte and the bookmakers think they have very very little chance of having triplets so put them at 1000/1, still five times morelikely to seeKate and William havetriplets than see Wes Morgan with the premier league trophy aloft.
  • Elvis Presley to be found alive and well – 2000/1 -Conspiracy Theorists and die-hard fans have believed for a long time that Elvis may be alive and well, however with very little or no proof of a conspiracy we find it very hard to believe Elvis would be found alive. The extent of Leicester’s miracle season is still shown by the fact that their odds were still two and a half times more than those of finding Elvis alive!
  • Eddie the Eagle to win Gold when competing in the Winter Olympic Games – 2500/1 -As we all know Eddie the Eagle is one of the most famous underdogs of all time, with very little funding, training, equipment and physical ailments which affected his sight, bookmakers put this ridiculous price on him to win Gold as he seemingly had absolutely no chance. They weren’t wrong!
  • David Moyes to become an X-Factor Judge – 2500/1 -David Moyes is best known for his managerial exploits with Everton and most recently Real Sociedad, and the bookmakers couldn’t see the impossible happening, going from managing footballers to contestants in his category wasn’t a viable option and the bookmakers put him 2500/1, still double the chance of seeing the premier league trophy in Wes Morgans arms.
  • David Cameron to manage Aston Villa – 2500/1 -David Cameron doesn’t seem to have a lot of time on his hands at the moment with important issues such as Brexit to contend with, so we can see why the bookmakers make him 2500/1 to be the next Aston Villa manager, with no skills or qualifications in management side of football it goes to show the extent to which Leicester shocked the world.
  • Anish Patel to play for Leicester City next season 5000/1 -We managed to find the odds of our own Anish Patel, player for Leicester City next season to be 5000/1. Do we have any takers?

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    5000/1 – Just what does that mean? (2024)

    FAQs

    What does 5000 to 1 mean? ›

    This means there was a 1 in 5000 chance of this event happening, 0.02%. If you can toss a fair coin 12 times and get it to land on heads 12 times, the chances of that happening are about 4000 to 1.

    What is 1 in 5000 chance? ›

    Number Converter
    1 in __DecimalPercent
    1 in 5,0000.000200.020%
    1 in 10,0000.000100.010%
    1 in 25,0000.000040.004%
    1 in 50,0000.000020.002%
    29 more rows

    How good are 1 in 3000 odds? ›

    Number Converter
    1 in __DecimalPercent
    1 in 1,0000.00100.10%
    1 in 2,0000.000500.050%
    1 in 3,0000.000330.033%
    1 in 4,0000.000250.025%
    29 more rows

    What is an example of a 1 in 1000 chance? ›

    The odds of cracking open an egg with a double yolk are about 1 in 1,000, and often come from younger hens. If you crack an egg every day, you're only likely to get a double yolk once every three years.

    What does 1000 to 1 bet mean? ›

    1000/1 DEFINITION

    If you were to bet $10 on 1000/1 odds you would receive $10000.00 in profit if this outcome won. The implied win probability of 1000/1 odds is 0.10%.

    What does it mean when odds are 5 to 1? ›

    Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $10 (5 x 1 x $2) + your original bet of $2 – for a total of $12.

    How do I calculate odds? ›

    To convert from a probability to odds, divide the probability by one minus that probability. So if the probability is 10% or 0.10 , then the odds are 0.1/0.9 or '1 to 9' or 0.111. To convert from odds to a probability, divide the odds by one plus the odds.

    Is 1 in 10000 rare? ›

    "1 in 10,000" is a very rare event and people are not good at dealing with rare events - mainly because they don't meet them very frequently (by definition).

    How do you calculate chance? ›

    You calculate probability by dividing the number of successes by the total number of attempts. Your result will be a number between 0 and 1, which can also be expressed as a percent if you multiply the number by 100%.

    When anyone gives you 10000 to 1 odds? ›

    Rudeen Racing on X: "“If anyone gives you 10,000 to 1 odds on anything, you take that bet.” -Kevin Malone https://t.co/e5XrxCouGF" / X.

    What has 1 in 10,000 odds? ›

    Finding a pearl in an oyster

    The odds of finding a shiny, perfectly spherical pearl in an oyster is around 1 in 10,000.

    What do the odds 1 in 500 mean? ›

    You may also see odds reported simply as chance of winning as 1:500. These all most likely mean 1 chance of winning out of 500 total possible outcomes. Therefore, in terms of odds, this means "1 to 499 odds for winning" which is exactly the same as "499 to 1 odds for losing."

    What is a 1 in 365 chance? ›

    If you pick any two random people, the probability of them having the exact same birthday is 1/365. Pick any day for the first person. The probability of the second person matching that is 1 out of 365 possible days.

    What is an example of a 1 in 200000 chance? ›

    Your odds of birthing conjoined twins are about 1 in 200,000, according to the University of Maryland Medical Center. Your odds of giving birth to normal identical twins? About 1 in 250.

    Is 1 100 a 1% chance? ›

    Thus if expressed as a fraction with a numerator of 1, probability and odds differ by exactly 1 in the denominator: a probability of 1 in 100 (1/100 = 1%) is the same as odds of 1 to 99 (1/99 = 0.0101... = 0. 01), while odds of 1 to 100 (1/100 = 0.01) is the same as a probability of 1 in 101 (1/101 = 0.00990099...

    What is a 100 to 1? ›

    The expression "a hundred to one", often written as 100:1, refers to an expression of odds. Odds of 100:1 means that one event is 100 times more likely than another.

    What does 5000 mean in gambling? ›

    Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers. The number also indicates how much money would win in comparison to every $100 you wager.

    What does 1 to 1 payout mean? ›

    When games payout at 1/1, it means that you'll win the same amount as you wager in the first place. For example, even-money bets in roulette (red or black, odd or even, high or low) payout at 1/1, meaning if you place a bet of $100 on red and it comes up, you'll get your original stake of $100 back and win $100 on top.

    What does it mean if a bet is +5000? ›

    If you were to bet $10 on +5000 odds you would receive $500.00 in profit if this outcome won. Odds accompanied with a positive sign (+) indicate that this is the underdog and this outcome will have a lower chance of winning compared to a favorite, however underdogs will yield a higher profit if they win.

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