If you place a bet with 5000 to 1 odds and win, your payout would be 5000 times your initial wager (plus your initial wager). So, if you place a $1 bet with 5000 to 1 odds and win, you would receive a payout of $5000 ($1 x 5000 + $1 = $5001).
It’s important to note that the payout for a bet with 5000 to 1 odds is quite rare, as it indicates a highly unlikely outcome of an event. Therefore, bets with such high odds are typically placed on very long-shot outcomes, such as a major upset in a sports game or a highly unlikely event in politics or entertainment.
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