Patent Bet Calculator

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Patent Bet Calculator explained

Caclulating possible returns on full coverage combination bets can involve quite a bit of math.

Good thing we’re living in the 21st century, right? If you need help with crunching the numbers, look no further - Betting Fellow is the home of the best bet calculators you can find.

This page is dedicated solely to Patent bets.

We’ll provide a detailed Patent bet explanation, complete with practical examples and an FAQ section. We’ll also carefully explain how to use bet calculators, in case something remains unclear. If you want to find out more about combination bets and their corresponding bet calculators, we recommend that you visit this page.

What is a Patent Bet?

Calculating returns won’t do you much good if you’re not completely sure about how Patent bets work. With that in mind, we’ll start with the basics.

A Patent bet is the smallest full coverage combination bet with singles. What does this mean, exactly? A full coverage bet is made up of several individual bets, combined into all the accumulators you could possibly make with that number of selections. In the case of the Patent, this is 3 selections, which combine into a total of 4 accumulators. However, what we’ve just described is what’s known as a Trixie bet.

Patents differ with one, very important fact: they also include singles selection!

That means that a Patent consists of a total of 3 singles, each possible combination of doubles (selections 1 and 2, seclections 1 and 3, and selections 2 and 3.) All of this amounts to 7 bets.

However, considering the only major difference from a Trixie bet is a few singles, it’s nothing too complicated.

This system, like most of its kind, first spreads as a popular option for horse racing. This particular nieche is where it is most prevelant, but most bookmakers nowadays offer Patent bets as an option no matter the sport or bet type.

Why Use a Patent Bet?

There are several notable advantages and disadvantages to this kind of betting. Some of them are shared with Trixie bets. Patents are used to maximise returns from just three predictions. Figuring out a quality betting prediction is no easy task, and when you do figure out a few – full coverage bets are a great way of getting as much profit from them as possible.

Furthermore, spreading your bets this way is a tried and true method of minimising risks. If two of your selections win, you are guaranteed to at least make back your stake. Patent bets, as well as any other combination bets that include singles, push these ideas even further. The only scenario in which you use your entire stake is if absolutely all of your selections fail. Even a single win will at least get you somereturns.

Don’t get the wrong picture – if only one selection wins, none of the accumulators do, so you probably won’t even make back the stake (unless you’re playing very long odds, which is not a great idea in most cases).

The greatest advantage of Patent bets is that they are a nice middle-ground between safe systems of singles and the profit potential of accumulators. However, just like Trixie, there are Patent bet disadvantages as well.

For starters, splitting your bet this much requires either a large stake or dividing your budget into very small parts. Each individual bet, singles included, must have an identical stake for any of this to work. If you’re planning to play for large sums, this can add up quite quickly. For example, compared to a simple treble Acca, a Patent of the same selections would require seven times the stake.

Moreover, the added singles can often give a false sense of security. You have to consider that these bets must be above 2.00 betitng odds if you want any kind of reasonable reward, which means that they are not without their own risks.

A Patent feels safer to Trixies at first glance, but it’s actually quite the opposite. Patents have an even bigger potential return due to the added number of wagers, but if they fail completely – you stand to lose a lot. Don’t fall into the gambler’s fallacy of believing that at least one of your bets has to win. Nothing is ever completely sure in the world of gambling.

How To Use the Patent Bet Calculator

Once you’ve got the hang of how Patent bets work, using the bet calculator should be rather straightforward. For starters, you should select the odds format that you want to see – fractional, decimal, or US Moneyline. Before going any further, you also need to select whether your selections are each-way or not.

At this point, you should also set your stake. You also have two options: you can type in the combined stake of all 7 individual bets, or you can type it in as a stake per bet. Mind which option you’ve selected because this option can drastically change the total amount you’re wagering.

The next step is to deal with the selections themselves. In most cases, this comes down to just setting the odds and whether the bet won or not.

Since Patents were originally designed with horse racing, though, there are some extra options for this sport. For example, you can set Rule 4 as an option. Rule 4 is basically a system of odds adjustments in cases where a horse is withdrawn from the race. Moreover, you have the options of Dead Heat and Non-Runner a bet results.

If you’ve set all the parapmeters to your satisfaction, just hit calculate and let it do the rest.

Patent Bet Example

The best way to illustrate all the ins and outs of Patent bets would be to provide an example. We’ll now go through a detailed step-by-step process showing how to make a Patent bet.

Let’s set some ground rules first. In this example, we’ll be using Bet365 football betting offers. The reason we’re going for football is because of the relative simplicity of the 1X2 Full Time Result system. With it, your bet either won or it didn’t – there are no dead heat situations and possible Rule 4 complications, which is why we’ll avoid horse racing for now.

Also, try to pay no mind to the selections. We’re just trying to illustrate how Patent bets are made, not how to go chasing for value. Also, for the sake of making the math simpler, we’ll try to get more-or-less similar odds.

Now, let’s take a look at our selections:

Our first selection will be a Champions League match between Atletico Madrid and Liverpool. Our selection here is Liverpool at odds of 2.20.

The second selection is an English Premier League match: Newcastle vs. Burnley. Here, we’ll be going for a Home win at odds of 2.80.

Finally, the third selection is another Preimier League match: Everton vs. Manchester United. Again, we’ll go for a Home win at odds of 2.50.

To keep the bet simple, we’ll set our stake per bet at £5, which amounts to a £35 total budget.

The best possible outcome here would be if all three selections won. If you’ve filled out the calculator properly, you’ll see that the returns in such a case would be an amazing £207.80, leaving us with a profit of £172.80. Of course, all of our selections have an implied probability of under 50%, so this scenario is ultimately not that likely. But as you can see, the priniciple here is the same as with accumulators: if you win, you’ll win big.

Unlike accumulators, however, the results of a Patent bet are not binary. Full coverage combination bets have an entire spectrum between absolute success and failure, depending on how many of your selections win. Let’s take a look at the possible results.

The worst-case scenario is that all of them lose. Obviously, in this case – you would win nothing.

If only one selection wins, you won’t end up making much. Depending on the odds of the winning single, you’ll win back about a third of your total stake. This helps mitigate the losses but is far from a successful Patent bet.

Now, if you win at least two intitial selections, you’d start turning a profit. Depending on the winning pair, your profits would amount to anywhere between £16 and £26.

As you can tell, the profit margins for Patent bets have a rather sharp curve. Using them properly takes some consideration and experience. For starters, our advice would be to carefully consider Patent bets vs. Trixie bets. A lot of the time, throwing in the singles is bad in terms of value. Just keep in mind all the different possibilities of combining your bets, and don’t be afraid to experiment.

Patent Bet FAQs:

How to make a Patent bet?

Depending on which bookmaker you’re using, this may involve a different process. For horse racing, patent bets are an indispensible part of most betting sites’ offers. A lot of the top online bookmakers have Patent bet functionality no matter the sport, howerver.

Simply find three suitable selections and add them to your betting slip. After that, you’ll be given the option of making these wagers as singles, doubles, a treble, a Trixie, or a Patent. Just select the option you wish to go for and the stake per bet, and you’re good to go.

If for some reason your bookie of choice cannot make Patent bets as an option, you can always do it manually. Simply make all of the separate bets individually: 3 singles, 3 doubles, and a treble.

How to calculate a Patent bet?

The answer depends on how your selections ended. All of the different options were discussed in details above, in our Patent bet example. Basically, it comes down to adding up the returns from the winning singles and the winning doubles and/or treble.

Alternatively, you can use Betting Fellow’s handy Patent bet calculator, which you can find right here on this page. If you need help using it, this page also contains a detailed guide to using the calculator.

What is a Permed Patent Bet?

Permedfull coverage combination bets are used when you want to use more selections than the betting type usually requires. A permed bet than makes every possible combination into what is effectively several combination bets.

In the case of Patent bets, the permed variation is used if you have 4 or more selections. A 4-selection permed Patent bet is essentially made up of four Patents. For example, let’s name these selections A, B, C, and D. The resulting Patents would be: ABC, ABD, ACD, and BCD. Such a wager would consist of 28 individual bets.

In th case of five selections, you would have 10 separate Patents, which adds up to 70 individual bets total. Keep in mind that these would not be the same as a Yankee or Super Yankee, which also consist of four- and five-fold accumulators.

Of course, you can keep adding more and more sleections for even bigger Patents, though this is rarely a good idea. “Permed” is actually short-hand for “permutation.” So, if you’re wondering what is a permutation patent bet – they’re the same thing.

What is a Patent bet on the Irish Lottery?

Patent bets are used by bookies for betting on lottery results, just like they would be for any other wager. In this case, your selections are simply the number’s you’re predicting will be drawn. Everything else is identical to, say, a horse racing patent.

If you need more information about how a Patent bet works, you can find a lot of information in this betting guide.