Patent Bet Calculator

Welcome to our comprehensive guide on patent bet calculations and an exclusive patent bet calculator. If you’re a seasoned sports bettor or someone new to the world of gambling, understanding the potential payouts and returns from different types of bets is essential.

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 intricacies of patent bets, explain how they work, and provide you with a user-friendly bet calculator to help you calculate your potential payouts with ease.

Whether you’re planning your next bet or simply curious about the potential outcomes, our patent bet calculator will assist you in making informed decisions. Let’s dive in and explore the world of patent bets together!

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 a Patent Bet 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 of a Patent Odds Calculator

The patent bet calculator consists of three key components: three singles, three doubles, and one treble. These components are used to calculate the potential outcomes of a patent bet. Let’s break down how each component works:

1. 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

1. 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)

1. 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 odds 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)

Using the 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 which 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. The benefit of using a Patent odds calculator is that these calculations are worked out simply for you.

Features of a Patent Odds 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 alternatively, 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

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.

By following these three simple steps, you can make the most of our patent bet calculator to evaluate the potential returns and outcomes of your bet based on the odds and desired wagers you provide.

Why Use a Patent Calculator?

A patent bet calculator allows you to quickly work out how much your bet will pay, as shown in the example below, manually working it out can be time-consuming and quite tricky. The patent odds calculator allows you to simply enter the odds, your wager and the outcome and it instantly works it out for you.

Advantages of using the Patent Bet Calculator

It allows you to determine potential payouts and whether the patent is the best you want or not, furthermore, you can see your returns if one or two of the selections were to lose, you may have 2 winners going into the final game/race and you can easily see how much you will get if that final outcome wins or not.

It allows you to compare different bet types while allowing you to manage risk furthermore it allows you to measure different bet type options and the risk/reward you prefer to choose.

For example, a 3 team parlay will return more than a patent as your total stake will be used on the treble whereas on a patent only a portion of your total stake is used on the treble however a patent will still get you returns if one or two win unlike a 3 team parlay/treble therefore it allows you to decide which route you take.

It also allows you to save time, as shown in the examples above, manually working it out can take a while whereas a Patent calculator works out the returns instantly (assuming inputs are accurate)

Tips for using the Patent Bet Calculator effectively

In order to get an accurate calculation you need to add accurate inputs such as odds taken, wager and if the selections won/lost. You can also add if a selection was voided or in some sports you also have the capability for a dead heat, this can all be added onto the Patent calculator.

Tips and Strategies for Maximizing Your Patent Bet Winnings

In order to maximize profit you should look to research what selections you want to include, choosing these carefully will help you decide if the patent bet type is the bet type you prefer as each bet type offers different returns with differing returns and rewards. Furthermore, you can manage your bankroll better as you asses the different risks.

FAQs about Patent Bet Calculators