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Default IF AND OR STATEMENT

I want to multiply column B by 5 if Col A is not equal to Red or White or Blue.

Column A can have 100 distinct values and Red or White or Blue can be 20
different values or more.

I started with If(or(A1<"RED",A1<"BLUE",A1<"WHITE"),B1*5,0). I wanted
to know if there is any other way of creating the formula.


Col A Col B
Red 10
Orange 3
Green 4
Blue 8
White 5
Red 6
Purple 7
Gold 2
Blue 7
Pink 8
Yellow 6
Black 7
Brown 1

 
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