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Patent Bet Calculator

PaUse the Patent bet calculator below to get the potential payout of 7 separate bets across 3 selections.

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  • Among the many popular bet types, the patent bet offers a unique and exciting opportunity to maximize your winnings. In this guide, we’ll delve into the complexity of patent bets, explain how they work, and provide you with a user-friendly betting odds calculator to help you calculate your potential payouts with ease.

    Features of a Patent Calculator

    The Patent Bet Calculator includes boxes to input selections, the odds of each selection and a wager box to add your desired wager.

    The wager box can be done via wager per bet ie $10 each bet (totalling $70 outlay) or you can change this to total outlay using the drop-down menu.

    You would then enter your total desired stake and the calculator would split your wager across the 7 different bets.

    Using Our Patent Bet Calculator

    All the tools that we offer at TheOddsCalculator.com are free of use and you don’t need to sign up to make use of them. Just follow the steps below to start calculating Patent bets:

    1. Step 1 – Entering the Odds for Selections 1, 2, and 3: To utilize our patent bet calculator effectively, you need to input the odds associated with each of the three selections you have made. These odds represent the likelihood of each selection winning in your chosen event.
    2. Step 2 – Adjusting the Outcome: Next, you will need to modify the outcome of each selection based on the actual results of the event. You can choose from three possible outcomes: win, lose, or void. By selecting the appropriate outcome for each selection, the calculator will accurately assess the potential returns and outcomes of your patent bet.
    3. Step 3 – Entering Your Desired Wager: In this step, you are required to enter the amount you wish to wager on your patent bet. By providing your desired wager, the calculator will determine the potential winnings and outcomes based on the odds and outcomes you have inputted.

    What is a Patent Bet?

    A patent bet is 1 bet consisting of 7 separate bets across the 3 selections. It includes a single on each of the 3 selections, 3 doubles and 1 treble.

    How does it work?

    A patent bet works by adding the 7 bets into 1 total bet with 1 total wager selected. Due to this reason, the total stake would be 7x the line of each bet. For example, a $10 wager per bet would total a $70 outlay.

    If 1 selection wins and the other 2 lose you still get paid out. Furthermore, the more selections that win the more you are paid as more of the 7 bets become winners. You can work out the returns for a patent using a patent bet calculator.

    Understanding the Components

    The patent bet consists of three key components: three singles, three doubles, and one treble.

    Let’s break down how each component works:

    Singles:

    In this component, the total wager is divided among three individual bets, one for each selection. In your example with three ice hockey games in the NHL, the singles would be as follows:

    • Bet 1: The Los Angeles Kings to win
    • Bet 2: The Pittsburgh Penguins to win
    • Bet 3: The Tampa Bay Lightning to win

    Doubles:

    The doubles component combines two selections at a time, creating three separate double bets. This means the calculator will calculate the potential outcomes for the following combinations:

    • Bet 4: LA Kings & Penguins to win (double involving Selection 1 and Selection 2)
    • Bet 5: LA Kings & Lightning to win (double involving Selection 1 and Selection 3)
    • Bet 6: Penguins & Lightning to win (double involving Selection 2 and Selection 3)

    Treble:

    The treble is a single bet that combines all three selections. It calculates the potential outcome when all three selections win:

    • Bet 7: LA Kings, Penguins & Lightning all to win (treble involving all three selections)

    By using the patent calculator, you can determine the potential returns and outcomes for each of these seven bets based on the odds assigned to each selection.

    Example:

    If the patent bet was on three different Ice Hockey Games in the NHL:

    • Game 1: The Los Angeles Kings to win
    • Game 2: The Pittsburgh Penguins to win
    • Game 3: The Tampa Bay Lightning to win

    The Patent odds calculator would then generate these seven bets:

    1. Bet 1: The Los Angeles Kings to win
    2. Bet 2: The Pittsburgh Penguins to win
    3. Bet 3: The Tampa Bay Lightning to win
    4. Bet 4: LA Kings & Penguins to win (double)
    5. Bet 5: LA Kings & Lightning to win (double)
    6. Bet 6: Penguins & Lightning to win (double)
    7. Bet 7: LA Kings, Penguins & Lightning all to win (treble)

    By using the Patent calculator, you can assess the potential outcomes and determine the potential returns for each of these bets based on the odds assigned to each selection.

    What does the Patent Bet Calculator do for you?

    Using the example in the section above the Patent calculator would then work out your returns depending on the outcome of those events as follows:

    Let’s say you staked a wager of $10 on each line of the bet. This would give you a total outlay of $70 it would be worked out as follows:

    • Bet 1: if the Kings win, you would receive a return based on the odds of that game
    • Bet 2: if the Penguins win, you would receive a return based on the odds of that game
    • Bet 3: if the Lightning win, you would receive a return based on the odds of that game
    • Bet 4: if the Kings and Penguins both win, you would receive a return based on the combined odds of the 2 games
    • Bet 5: if the Kings and Lightning both win, you would receive a return based on the combined odds of the 2 games
    • Bet 6:  if the Lightning and Penguins both win, you would receive a return based on the combined odds of the 2 games
    • Bet 7: if all 3 teams win, you would receive a return based on the combined odds of all 3 games

    The potential payout would vary depending on the odds of each game.

    FAQs

    Yes, there are a variety of patent bet calculators available online, each with slightly different features and functionalities. Some calculators like ours, may also include additional features, such as options for each-way bets or different types of multiples.

    Yes, Patent Bet Calculators are very accurate. They use complex algorithms to calculate the potential payouts based on the odds and the number of selections.

    No, Patent Bet Calculators are specifically designed for calculating the potential returns on Patent Bets. If you want to calculate the potential returns on other types of bets, you will need to use a different type of odds calculator.

    No, you do not need to download any software to use a Patent Bet Calculator. It is a free, online tool that can be accessed from any device with an internet connection.

    When you place a Patent bet, you are placing seven bets on three different selections. Your stake is therefore multiplied by 7. So a $1 Patent bet would have a $7 stake or a $5 Patent bet a $35 stake.

    No, the Patent Calculator is an online tool and doesn’t require any downloads. You just need an internet connection to access and use it.

    Yes, our Patent Odds Calculator is compatible with all modern web browsers on desktop and mobile devices.