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If the draw is 1/5 chance to win, then for every $1 you invest into the pot the final pot has to be $5 (including your $1), for you to break even.
Looking at it silly odds wise, the draw is 4:1. If you have to call $1, the pot has to already be at least $4 to be profitable.
Forget about using odds that way and just use fractions for probability. Easier to do the maths and can be switched to and from percentages easily.
As for calculating the percentages of anything happening in holdem, it's too difficult. Start by looking at the odds charts on this site (converting outs to probability), and then get PokerStove for some more difficult stuff.
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