Here we will explain what 5/8 odds mean, give you the percentage probability of 5/8 odds, and provide you with a 5/8 odds calculator. Before we continue, note that 5/8 odds is the same as 5 to 8 odds, 5-8 odds, and five to eight odds.
Furthermore, fractional odds such as 5/8 odds are commonly used in European countries like the United Kingdom and Ireland. Therefore, fractional odds are also called British odds or UK odds. Fractional odds are also often used in horse racing in events such as the Kentucky Derby here in the US.
In 5/8 odds, 5 is the numerator and 8 is the denominator. If the odds of a competitor have a numerator that is less than the denominator, then the competitor is the favorite to win. If the odds of a competitor have a numerator greater than the denominator, then the competitor is not likely to win.
Thus, a competitor with the fractional odds of 5/8 is the likely winner. The percentage probability of winning a bet with 5/8 odds is about 61.54 percent.
Furthermore, 5/8 odds means that for each $100 you bet, you will win $62.50. So if your team wins, a $100 bet will result in a total payout of $162.50 (bet plus winnings).
In the 5/8 Odds Calculator below, you can enter your bet to calculate your winnings and payouts of a 5/8 bet.
Fractional Odds Calculator
Learn what another fractional odds means and calculate how much you can win. Please enter your fractional odds in the box below.
What does 5/9 odds mean?
Here is another fractional odds that we have explained for you!