Solution:
We make the following claim: if there is a 5-cycle (a directed cycle involving 5 players) in the tournament, then there is a 4-cycle.
Proof: Assume that A beats B, B beats C, C beats D, D beats E and E beats A. If A beats C then A,C,D,E forms a 4-cycle, and similar if B beats D, C beats E, and so on. However, if all five reversed matches occur, then A,D,B,C is a 4-cycle.
Therefore, if there are no 4-cycles, then there can be only 3-cycles or no cycles at all.
Case 1: There is a 3-cycle. Assume that A beats B, B beats C, and C beats A. (There are (35)=10 ways to choose the cycle and 2 ways to orient the cycle.) Then D either beats all three or is beaten by all three, because otherwise there exists two people X and Y in these three people such that X beats Y, and D beats Y but is beaten by X, and then X,D,Y,Z will form a 4-cycle (Z is the remaining person of the three). The same goes for E. If D and E both beat all three or are beaten by all three, then there is no restriction on the match between D and E. However, if D beats all three and E loses to all three, then E cannot beat D because otherwise E,D,A,B forms a 4-cycle. This means that A,B,C is the only 3-cycle in the tournament, and once the cycle is chosen there are 2⋅2+2⋅1=6 ways to choose the results of remaining matches, for 10⋅2⋅6=120 ways in total.
Case 2: There are no cycles. This means that the tournament is a complete ordering (the person with a higher rank always beats the person with a lower rank). There are 5!=120 ways in this case as well.
Therefore, the probability of not having a 4-cycle is 210120+120=6415, and thus the answer is 1−6415=6449.