A Patent is a multi-bet that consists of 7 bets which are made up of 3 singles, 3 doubles and a treble across three different events.
How to work out a patent bet?
Calculating potential returns for a Patent Bet involves considering the odds of your selected outcomes and the various bet types within the Patent. A Patent Bet consists of seven bets on three selections, covering singles, doubles, and a treble. Here’s how you can work out a Patent Bet:
- Understand Your Selections: First, make sure you have three distinct selections (e.g., three different sports events or outcomes) that you want to include in your Patent Bet.
- Determine the Odds: For each of your three selections, you’ll need to know the odds (decimal format) provided by your bookmaker.
- Calculate the Singles: To calculate the potential returns for each of the three single bets, multiply your stake by the odds for each selection. You have three single bets in a Patent Bet.
- Single 1 Potential Return = Stake x Odds for Selection 1
- Single 2 Potential Return = Stake x Odds for Selection 2
- Single 3 Potential Return = Stake x Odds for Selection 3
- Calculate the Doubles: A Patent Bet includes three double bets, which combine two selections at a time. Calculate the potential returns for each double by multiplying your stake by the odds of the two selections in each double. You have three double bets.
- Double 1 Potential Return = Stake x (Odds for Selection 1 * Odds for Selection 2)
- Double 2 Potential Return = Stake x (Odds for Selection 1 * Odds for Selection 3)
- Double 3 Potential Return = Stake x (Odds for Selection 2 * Odds for Selection 3)
- Calculate the Treble: The treble bet combines all three selections. Calculate the potential return for the treble by multiplying your stake by the odds of all three selections together.
- Treble Potential Return = Stake x (Odds for Selection 1 * Odds for Selection 2 * Odds for Selection 3)
- Total Potential Return: To find the total potential return for your Patent Bet, add up the potential returns for all seven bets (three singles, three doubles, and one treble).
- Total Potential Return = (Sum of Single 1, Single 2, Single 3) + (Sum of Double 1, Double 2, Double 3) + (Treble Potential Return)
Once you’ve calculated the total potential return for your Patent Bet, you’ll have a clear idea of the possible payout if all or some of your selections are successful. Keep in mind that the total stake for a Patent Bet is higher than a single bet because you are placing seven separate wagers. It’s important to manage your bankroll and be aware of the potential outcomes and risks associated with each of the bets within the Patent.