We’re all familiar with betting calculations for simple singles, doubles and trebles, but a patent bet is an example of a more complicated wager. That’s where our patent bet calculator comes in handy — a sports betting odds tool that can instantly calculate bet returns on all patent wagers.
We’ll explain how our patent bet calculator works further down the page, but let’s first define what exactly a patent bet is.
What is a Patent Bet?
A patent bet consists of seven individual wagers, split across three different bet types: three singles, three doubles and a treble.
In a similar way to a trixie, patent bets are designed to cover all potential outcomes in the bet slip. This means that losses are minimal in the event that only one selection wins, while profits significantly increase with each successful prediction. In fact, a patent is identical to a trixie, except with three added single bets.
Patent bets are most popular in horse racing but can be applied to any sport. Let’s offer a patent bet example on an upcoming set of greyhound races. Here are the seven patent bets:
- Bet 1 — A single on Dog A to win its race;
- Bet 2 — A single on Dog B to win its race;
- Bet 3 — A single on Dog C to win its race;
- Bet 4 — A double on Dogs A and B;
- Bet 5 — A double on Dogs A and C;
- Bet 6 — A double on Dogs B and C;
- Bet 7 — A treble on Dogs A, B and C.
If just one single were to win, it’s likely that the return would represent an overall loss, depending on the odds. But if two singles were to win, that would guarantee at least three successful bets (the two singles plus one of the doubles). And if all three singles win, then all seven wagers would also win.
How to Use the Patent Bet Calculator
To figure out a potential patent bet payout, it’s best to use a patent bet calculator. Here’s how you can:
- Decide on your patent bet
Before using any betting odds calculator, you’ll first need to work out what you want to bet on. The frequency and variety of horse and greyhound racing means they’re particularly suited to patent bets, but it’s always best to stick to what you know.
- Return to this page
Our very own patent bet calculator can be used whenever you like. Just return to this page when you’re ready.
- Fill in the calculator
Once you’ve found the relevant odds, submit this information into the calculator alongside the stake. Play around with the stake amounts here to see how much they influence the total return.
- Place your patent
If you’re happy with the odds and the stake, al that’s left to do is place your bet. Head to your bookie, fill in the bet slip and hit confirm.
Example of a Patent Bet Calculation & Return
Take a look at the table below for an example on how to calculate betting profits. For the sake of ease, all of the singles have been given standard odds of 2.0 (evens) for our patent bet explanation.
| Stake | Bet Type | Total Outlay | Odds | Potential Winnings | Total Return |
|---|---|---|---|---|---|
| £10 | 3x singles | £30 | 2.0 | £30 | £60 |
| £10 | 3x doubles | £30 | 5.0 | £90 | £120 |
| £10 | 1x treble | £10 | 9.0 | £70 | £80 |
| £10 | Patent | £70 | 3.71 | £190 | £260 |
So, if you were to successfully place the patent in the example above, the total return would be £520.
If you prefer to read odds in a fractional or even American format, remember you can change this in your settings in your betting account.
FAQs About Patent Bet Calculations
What is the difference between a patent bet and other bet types?
A patent bet rolls seven different bet types into one bet slip: three singles, three doubles and a treble. Other bet types, such as a straight single, consist of just one bet only.
What type of odds can I use with this calculator?
This calculator is designed to calculate betting profits on patent wagers. In order to do that, users can submit odds for the singles, doubles and the treble.
Are patent bet calculators accurate?
Yes — our patent bet calculator is a matter of mathematical certainty.