What Is a Patent Bet
A Patent bet is a popular multiple bet made up of seven bets spread across three individual selections. They were originally only used for horse racing but have recently become popular across a wider range of sports.
A Patent bet is made up of three single bets, three double bets and one treble bet. To place a Patent bet, you need to pick the outcome for three events. These are your singles. The possible combinations of these outcomes are the doubles and treble. With a Patent bet, only one selection needs to be a winner for the bet to pay.
How Does a Patent Bet Calculator Work
A Patent bet calculator performs the complex task of calculating the results of the seven wagers that make up the Patent bet. It does this based on the odds for each selection and the amount wagered — in total or per bet. Bettors can change the odds, potential outcomes and stake amount to see just how much they can expect to win on a specific Patent bet.
The steps to use a Patent bet calculator are simple:
- Decide which three selections you want to include in your bet.
- Enter the odds and the stake amount into the calculator.
- The calculator shows you how much the return for the bet could be and the overall cost.
Always keep in mind that the calculator does the basic math for the value of the bet, but it doesn’t calculate the risk involved.
Example 1: Winning
If you place a Patent bet on three horses to each win their races during the Cheltenham Festival, and all three horses win, then all seven wagers in the Patent bet will be paid out. The calculator will show the potential return based on your wager.
Example 2: Losing
In the same scenario, if none of the three horses you’ve bet on win, then the Patent bet calculator will show that loss. If one or two horses win, however, the Patent bet calculator will show which wagers in the bet have paid off and what the overall return is.
Benefits of Using a Patent Bet Calculator
There are many benefits to using a bet calculator when placing complex bets. The three key benefits of using a Patent bet calculator are accuracy and efficiency, easy availability and managed expectations. They remove the hurdles that many bettors feel stop them from placing complex bets — they do the math quickly, they’re easy to find, and they make the possible returns clear.
Accuracy and Efficiency
The biggest benefit of using a Patent calculator bet is that it guarantees accuracy quickly. Instead of puzzling over the math or hoping for the best when working out a Patent bet, bettors can just use a calculator. It makes the betting process more efficient and removes the guesswork.
Easy Availability
There are free bet calculator Patent that are widely available online. Having easy access makes them a more convenient tool that can be used regularly, ensuring bettors can feel confident placing Patent bets.
Manage Expectations
A Patent bet return calculator can be used to help bettors manage their expectations about the potential outcomes of their wagers. The calculator shows exactly how much the Patent bet will pay out depending on the odds and the possible outcomes.
Who Can Use a Patent Bet Calculator?
Patent bet calculators can be used by anyone. They’re a very useful tool as Patent bets are complex bets made up of seven wagers, each with their own odds. Figuring out that math is possible but time-consuming. A Patent bet calculator streamlines the betting process. This lets bettors spend their time and focus on choosing their picks, not doing the math.
The Patent horse bet calculator was created for horse racing. Bettors who enjoy betting on horse races, especially during big race days, will find Patent bet calculators very useful. Betting on the spot at the track can feel like a whirlwind. Using a Patent bet calculator on a mobile device provides clarity and makes it easier to place smart bets despite the hubbub.
Even though Patent bets were designed for horse racing, they are becoming more popular for other sports. Any bettor interested in placing one of these complex bets can benefit from the Patent bet calculator.
Novices
A bet calculator Patent is ideal for novices because it makes it easy to see how the seven bets in the Patent bet will pay. It simplifies the entire process. It also lets the novice bettor play with the odds and stakes to see how each change impacts the bet.
Veterans
Veterans might not feel like they need to use a Patent bet calculator, but it can still be a useful tool. A veteran bettor can use a Patent bet calculator to check their personal calculations or to compare selection options.
Which Sports Can I Use Patent Bet Calculator for?
Patent bets are still primarily used for horse racing. They are ideal for big race days like Cheltenham Festival and Royal Ascot because you can pick and choose your selections from a full slate of races. However, Patent bets can be placed on any sport, making the Patent bet football calculator increasingly popular.
Which Competitions Can I Use Patent Bet Calculator for?
A Patent bet calculator is best used for major horse events. An event like the Cheltenham Festival provides plenty of opportunities for patent bets. For example, you could place one Patent bet on Champions Day and one on Gold Cup Day.
Patent bets are now accepted for most sports. They are best used when multiple events are happening close to the same time. This means they can be used for regular-season play but are ideal for tournaments.
Why Should I Place a Patent Bet?
There are many reasons to place a Patent bet. They are a good introduction to complex bets because they only contain seven bets. Patent bets are a good option for bettors who want to mitigate risk because only one of the selections needs to win for the bet to pay.
Patent bets are designed for horse racing but are also great for international tournaments where multiple matches are happening during the same week. This includes multisport events like the Olympics or single sport ones like the FIFA World Cup.
See Also
- Yankee Bet Calculator: Balance risk and reward across 11 bets on four selections
- Super Yankee Bet Calculator: 26 bets across five selections, has serious potential
- Lucky 15 Bet Calculator: A bigger, bolder bet with 15 bets on four selections
FAQ
How are Patent bets calculated?
Patent bets are calculated by multiplying the stake by seven (the number of bets). This is why the returns are so much higher if all seven bets are winners.
Is a Patent a good bet?
A Patent bet is a good bet for people who like to place multi bets but hate when one losing bet ruins the whole wager. It’s a smart bet for those who want to mitigate risk when betting.
How much does a Patent bet cost?
The cost of a Patent bet depends on how much you want to wager for each selection. Each wager is added up to create the total stake.
What is the difference between a Lucky 15 bet and a Patent bet?
A Lucky 15 bet is made up of 15 bets across four selections and includes one four-fold bet. Both bets work the same way.