diff --git a/README.md b/README.md
index 1502d89..fed9600 100644
--- a/README.md
+++ b/README.md
@@ -14,6 +14,6 @@ Documentation hosted on [hexdocs](https://hexdocs.pm/glicko).
 
   ```elixir
   def deps do
-    [{:glicko, "~> 0.4.0"}]
+    [{:glicko, "~> 0.5.0"}]
   end
   ```
diff --git a/mix.exs b/mix.exs
index 5659709..f6084ad 100644
--- a/mix.exs
+++ b/mix.exs
@@ -7,7 +7,7 @@ defmodule Glicko.Mixfile do
 
 	def project, do: [
 		app: :glicko,
-		version: "0.4.0",
+		version: "0.5.0",
 		elixir: "~> 1.5",
 		start_permanent: Mix.env == :prod,
 		deps: deps(),