How do you calculate a patent bet?
To calculate your patent bet to enter the details of your bet into the calculator. This will then tell you the total of your winnings. The calculator also offers an option to allow for each way bets.
To calculate any future winnings from a patent bet, you must first calculate the total outcome of seven bets on a total of three selections. These selections are 3 singles, 3 doubles, and 1 treble.
Our article on Patent bets provides a full explanation, betting advice, and a tutorial on how to use the patent bet calculator.
When it comes to placing a bet, there’s a lot to familiarize yourself with nowadays. This is because there are a whole variety of complex bets out there to choose from, requiring a great deal of mathematical prowess. Patent bets for example, can be difficult to figure out because of the fact that there are a number of different selections associated with the bet. It isn’t just a case of placing a tenner on a horse with 10 to 1 odds. Oh no. With a patent bet, there’s a lot of figures to work out, which is why a patent calculator could be so useful. Patent bet calculators are there to take the guess work out of the equation and to help you figure everything out properly. If you’re unfamiliar with what they are and how they work, soon, all of that will change. Here’s a better look at using a patent calculator.
Firstly, what is a patent bet?
Before we can start talking to you about what a patent calculator is, we need to instead talk about what a patent bet is. A patent bet is a complex bet – hence the need for a calculator. It is a complete cover wager which consists of 7 bets, from 3 selections. These selections are as follows:
- One treble with all three selections (forming a winning combo of 1,2,3
- 3 singles with a winning combo of 1,2,3
- 3 doubles from two of the selections forming a winning combo of 1,2 – 2,3 – 1,3
Some also class it as a Trixie, whereby three singles are added to each selection. Despite this, though, with a patent bet, the returns are far greater than a Trixie. In order for bettors to enjoy a return, only one of the 3 selections needs to come in. Happy days.
What is a patent calculator?
Very simply, a patent bet calculator is an online piece of software which is designed to tell people thinking of placing a patent bet exactly how much they stand to make from the bet in question. Working the numbers out in your head would be difficult, and would take a lot of time. With a patet calculator, it’s a piece of cake.
Any examples of patent bets?
Still not sure what a patent is? Don’t worry, we’ve got you covered. Here’s an example to help make things a little more transparent. So, we’ll assume that you have 3 selections which are as follows:
- One at 11/10
- One at 4/7
- And one at 4/5
Now, let’s assume that you simply bet one shiny pound coin. With this bet, as a single, your returns would be 1.10, 0.57, and 0.80. Still not sure? Okay, well, if your outlay was £3, you’d receive £2.47 profit. If however, you decided to go with a patent bet, because of the different combo options, a £7 wager would yield profits of £14.32. You can probably agree, then, that this is a much better return than going with a bog-standard bet.
Using a patent calculator
Now we’ll look at how to use a patent bet calculator.
- Begin by entering the total amount you are betting
- Next, confirm the total number of selections
- Select the odds format
- Now, you need to enter your bet selections, as well as the individual status of each one
- Finally, click the ‘calculate’ button, and leave the calculator to tell you how much you stand to make.
