Patent Bet Calculator
The patent bet calculatror will help you calculate your payout for a patent bet. Look at the odds for all three selections and see how many of these selections win. To keep it straightforward, we’ll use odds of 1/1 for the selections and we’ll use a £10 bet. With accumulator bets, the stake you enter is often the stake per individual bet. Since patent bets have seven bets altogether, you would actually be betting £70 in total.
A single bet of £10 at odds of 1/1 pays out £20 if successful. Of this, £10 is your bet, while the remaining £10 is your winnings. For the three single bets, therefore, you get your combined £30 bet back, as well as £30 in winnings. For each of the double bets, your payout for the first selection is used as the stake for the second selection. So if you have a payout of £20 for the first selection, the total payout for the second would be £40. Since for the double bets you started off with £10, each double bet would reward you with £30 in winnings, for a total of £90.
Lastly for the treble bet, it works the same as the double bet, only there’s an extra selection to take into account. With a £10 bet at odds of 1/1, a treble bet would pay out £80 – take away your initial £10 stake and the winnings are £70.
So in total, if all three selections win, your total payout comes out at £260 – this includes both your bets being returned to you and your winnings. Take away your initial stake of £70 and you get a profit of £190.
The above is a guide to how to work out your patent bet payout. Use a patent bet calculator to quickly find out your potential payout quickly and easily. When using a patent bet calculator, you just have to enter the odds for each selection, as well as your stake.
What Is A Patent Bet?
Patent bets are made up of a total of seven separate bets covering three selections. They’re a type of accumulator bet; an accumulator is any bet that’s actually made up of several different bets covered by a single stake. Patent bets are made up of three single bets, three double bets and a treble bet. They’re similar to trixie bets, the only difference being that trixie bets are made up of four bets, not seven, since they don’t include the three single bets.
Here’s a closer look at what bets make up the patent bet:
- A treble bet covering selections 1, 2 and 3
- Three double bets: one for selections 1 and 2; one for selections 1 and 3; and one for selections 2 and 3
- Three single bets, one for each selection
The following table should give you a better idea of how patent bets work:
|Single Bet 1
|Single Bet 2
|Single Bet 3
|Double Bet 1
|Double Bet 2
|Double Bet 3
As you can see from the table, each of the three selections is covered by a single bet, two of the double bets and the treble bet.
The way patent bets work, you can win even if just one of your selections wins. For example, if selection A wins its respective event, you’ll win Single Bet 1 and will be paid accordingly. If two selections win – let’s say selections A and B – you would win Single Bet 1, Single Bet 2 and Double Bet 1 as listed in the table. This would cover a single bet for each of the two selections, plus a double bet that includes the two selections. It goes without saying that if all three selections win, you would win all seven bets.
The main advantage of placing a patent bet is that you can still win even if just one selection wins. However, since you’re effectively placing seven bets in one, patent bets can be quite expensive. Also, the chances of winning all seven bets are quite low indeed, since you’re relying on three different selections winning.
How To Place A Patent Bet
Placing patent bets is easy enough to do. First of all, you need to make sure you’ve got enough funds in your account to cover the bet. Then, have a look through the betting site’s available markets and pick three selections you want your bet to cover. Simply click on the odds of each one to have it added to your bet slip.
Once your bet slip has more than one bet added to it, you’ll have the option to group the bets together as accumulators. If there are three bets, you’ll be able to place these together as a patent bet. Enter your stake, remembering that it will get multiplied by 7 to cover all bets. Then just check everything over to make sure it’s what you want, then confirm. After the events you’ve bet on have been settled, you’ll be paid accordingly.
How To Work Out A Patent Bet
Let’s have a look at how a patent bet actually works. We’ll use three football matches as an example. The patent bet covers three different matches. The first selection is for team 1 winning the first match; the second is for team 2 winning the second match; the third is for team 3 winning the third match. Each of these three teams is given odds of 2/1.
It’s worth pointing out that when placing a patent bet, you’re basically placing seven bets at once. If you see one of these bets referred to as a £1 patent bet, this means that £1 is spent on each of the seven bets; the total amount spent on the overall patent bet is therefore £7.
To work out your overall patent bet payout, you need to calculate a single bet, double bet and treble bet payouts. We’ll start with single bets. You’ve got three bets at odds of 2/1 and you’ve placed £1 on each of them. The way fractional odds work, to determine your winnings you divide your bet by the number on the right and times by the number on the left. So for a 2/1 payout with a bet of £1, your winnings would be £2. You’d also receive your initial bet back, for a total of £3 paid, of which £2 would be profit.
So for your three single bets, you’d receive £9 in total. Now let’s move onto the three double bets. The way double bets work, your payout for the first selection is used as the stake for the second selection. Each double bet has odds of 2/1 and a £1 bet, for a total payout of £3. The first selection’s payout would be £3 and the second selection’s payout would be £9.
For your three double bets, you’d receive £27 in total. Add this to your single bet payouts and you’ve got £36. Now there’s the treble bet. This works in the same way as double bets, only there’s an extra third selection to take into account. With a £1 bet at odds of 2/1, your first selection’s payout would be £3. Your second selection’s payout would be £9. For your third selection, the payout would be £27.
Add the £27 from your treble bet, the £27 from your three double bets and the £9 from your three single bets together and you’ll get a total payout of £63. This is providing, of course, that all three selections win. To find out the total profit, you simply take away your initial stake from the total payout. Since your stake was £7, this leaves you with a profit of £56.
Each Way Patent Calculator
An each way bet is made up of two bets covering a single selection. One bet pays out if the selection wins its event; the other pays out if the selection places, i.e. comes in a pre-determined position (usually second to fifth). If you’re looking to place an easy way patent bet, you’ll find that there are each way patent calculators easily accessible. In fact, pretty much any bet calculator can be used to determine the potential payouts for each way patent bets.
With each way bets, the place bet tends to have lower payouts than the main bet you get paid on if your selection wins. This is worth bearing in mind while deciding whether or not you’re going to place this type of bet. Again, use an each way patent calculator to see the exact breakdown of the bets and what payouts they offer depending on your stake and the odds for each selection.
Patent Bet Calculator Decimal
There are three ways in which odds are represented: fractional, decimal and American. In the UK, it’s the fractional style that’s used the most. With patent bets, the odds for your individual selections can vary greatly. That’s why using a bet calculator is recommended. A typical bet calculator will let you switch between the three main odds formats with just one click. So, if you’re after a patent bet calculator in decimal odds, you won’t have to look too far.
To convert fractional odds to decimal odds, you need divide the number on the left of the fraction by the number on the right, then add 1. So for odds of 3/4, for example, you would do 3 divided by 4, which would be 0.75. Then you would add 1 to get 1.75. When using a patent bet calculator, decimal odds are readily available should you wish to use this format.
Win Patent Bet Calculator
If you decide to place a patent bet, you only need one of your three selections to win for you to receive a payout. Should just one selection win, you’ll win on that selection’s individual bet. If two selections win, you’ll win two single bets – one for each of the two winning selections – as well as the double bet that covers the two winning selections. If all three selections win, you’ll win all seven of the bets that make up the patent bet. Since you can still be paid from just one selection winning, the patent bet isn’t too risky compared with some other types of accumulator bet.
Remember if you want to work out how much you can win, use a patent bet calculator. This is the quickest way to determine your potential payout should any or all of your selections win their respective events. Find out your potential win value using a patent bet calculator and get some bets placed!
If you’ve ever wondered what a patent bet is, we’ve got you covered. Here you’ll find an in-depth look at this particular type of bet. Have a read of this page and you’ll learn what this bet’s made up of and how to place. Once you’re done, you should be able to place patent bets with confidence – you never know, they might even become your preferred type of bet.
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