What Is A Patent Bet?
A patent bet is a full-cover multiple bet that involves seven separate bets across three selections in different events. Similar to trixie bets, a patent bet is another type of ‘cover’ bet, as it does not require every selection in the bet to be successful for a return to be made. Let’s take a look at how a patent bet is made in terms of the seven bets:
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Three doubles ( A+B, A+C, B+C)
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One treble (All three selections to win)
As there are seven bets to be placed, this means you will have to multiply your bet stake by 7, as you will need to place the same amount on each selection for the patent bet to work. A patent bet aims to offer insurance, as it means that if one of the selections wins, then you will receive a small return, instead of an accumulator, which would result in the entire bet being lost.
When you compare patent betting to other forms, it is seen as more complicated than single-sport betting. Due to the confusing nature of the betting, planning your bets on the patent betting calculator can be very useful. Whether you are someone who is only interested in
horse racing racecards or you place bets throughout a variety of sports, learning what patent betting is and how to use the calculator can be useful in an array of situations.
How To Use The Patent Calculator
Whilst patent bets can be quite confusing, the patent calculator is extremely simple to use, as all you have to do is fill in the information, which includes the bet stake and odds of the selections. Here is a clear guide on how to use the patent calculator at Racing TV:
1.
Set The Calculator To The Correct Mode - Before using the calculator, ensure it is set to the correct mode. For example, you can change the odds format of the selection, the unit stake you are using, and whether each-way selections have been used.
2.
Enter the Bet Details - Now that the calculator is ready, the user can enter the bet details for the three selections. This means users will need the odds of the three selections they intend to use to operate the patent calculator.
3.
Calculate Results - To find out the results of the patent bet, you can press the calculate button, which will instantly display the total stake, profit, and returns. The calculator automatically assumes that all legs of the bet were successful, and this can be changed throughout the calculator.
Why Use The Patent Calculator?
The patent calculator is a tool for assessing and discovering value across patent bets. You can input all valid information into the calculator and see the results instantly. If you are looking to find value, you can change the outcome of the bets in the calculator, meaning you can see which bet combinations return what returns, showcasing which ones have value. It can be quite confusing to work out all the possible returns from a patent bet, but by changing the outcomes on the calculator, you can quickly and easily see all of the available payouts in the bet.
Another reason why using the patent calculator is a good tool is that it is a great way to get used to patent betting if you are unfamiliar with it. As most people who
watch horse racing will not be familiar with patent betting, the calculator is the perfect place to try out all the different outcomes and see how your stake is affected by which outcomes are successful.
Finally, the patent calculator can serve as a risk assessment tool, helping you plan when you are considering placing a patent bet. Whether you are taking advantage of
free bets or not, using the calculator to plan out your bets before placing them can assist you when looking for value and deciding which bets are worth placing.
Who Can Use The Patent Calculator?
The patent calculator is available to be used by anyone who visits the Racing TV site, as it is not limited to certain viewers. Similar to our other betting calculators, these can be used whenever they are needed and are easily accessible on the site.
It is also worth noting that the patent calculator can be used across a variety of sports bets, meaning it is not specific to horse racing. However, the calculator is only to be used when you are placing a patent bet, as the calculator is specifically designed for these types of bets.
Patent Calculator At Racing TV
The patent calculator is available to be used right here at Racing TV, simplifying the complicated betting technique and allowing bettors to visualise their selection in a unique way.
If patent betting is not your thing, then Racing TV is also home to a variety of other betting calculators, including the trixie calculator and accumulator calculator.