Patent Bet Calculator
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What is a Patent Bet?
A patent bet is a type of multiple bet that combines seven bets from three different selections into a single wager. It consists of three singles, three doubles (A-B, A-C, B-C), and one treble (A-B-C). Patent bets are popular among bettors who want to diversify their betting strategy and minimize risk while still pursuing potential returns offered by multiple bets.
Patent bet formation: 7 bets on 3 events: 3 singles, 3 doubles, 1 treble
How Patent Bets Work
To place a patent bet, a bettor chooses three separate events and predicts the outcome for each. The patent bet then combines these selections into seven bets: three singles (A, B, C), three doubles (A-B, A-C, B-C), and one treble (A-B-C). The stake is multiplied by the number of bets (seven) to calculate the total stake for the patent bet.
For example, let’s assume a bettor wants to place a $10 patent bet on three football matches with the following odds:
- Match A: Team 1 to win at odds of 2.00
- Match B: Team 2 to win at odds of 3.00
- Match C: Team 3 to win at odds of 2.50
The total stake for this patent bet would be $10 x 7 = $70. If all three predictions are correct, all seven bets within the patent are successful. If only one or two predictions are correct, the corresponding singles and/or doubles within the patent are successful.
Advantages of Patent Bets
- Risk Management: Patent bets provide a level of risk management, as they require only one correct prediction out of three selections to yield a return.
- Diversified Betting Strategy: By combining multiple bets, patent bets allow bettors to diversify their betting strategy and potentially increase their overall returns.
- Flexibility: Patent bets offer a flexible betting option that can be tailored to different risk appetites, event selections, and betting strategies.
Tips for Placing Patent Bets
- Research: Conduct thorough research on all three events and selections to make informed predictions. Analyze team and player form, head-to-head statistics, and other relevant factors.
- Manage Your Bankroll: Allocate a budget for sports betting and stick to it. Patent bets involve multiple bets, so adjust your stake accordingly to accommodate the higher total stake.
- Evaluate Betting Opportunities: Carefully evaluate the betting opportunities presented by each event and make strategic selections to optimize the potential returns of your patent bet.
Patent bets offer a versatile betting solution, combining elements of single and multiple bets for risk mitigation and potential increased returns. By conducting in-depth research, managing your bankroll, and carefully considering potential betting opportunities, you can enhance your chances of success and fully enjoy the excitement that patent bets bring to the world of sports betting.