In the world of sports betting, the patent bet stands out as a versatile wagering option that combines singles, doubles, and a treble bet across three selections. This article aims to provide clear and concise examples of patent bets, along with practical advice on how to calculate potential returns and explore the possibilities for generating income. Let’s dive into the intricacies of patent bets and discover their potential.
Understanding the Patent Bet
A patent bet comprises seven distinct wagers placed on three selections in different events. These include three singles (each selection alone), three doubles (pairs of selections), and one treble (all three selections combined). The patent bet offers a balanced approach, allowing bettors to cover multiple outcomes and potentially secure multiple winning bets.
Practical Examples: To illustrate the concept of a patent bet and help you understand the potential returns, let’s explore two scenarios: one involving horse racing and another focusing on football matches. We will use specific odds to calculate the potential returns and provide insights into possible incomes.
- Horse Racing Example: Imagine three horse races: Race A, Race B, and Race C, with the following odds for your chosen selections:
- Horse 1: 2.50 (decimal odds)
- Horse 2: 3.00
- Horse 3: 4.50
Let’s break down the seven bets involved in the patent bet and calculate potential returns:
- Single Bets:
- Bet 1: Horse 1 to win Race A – Stake: $10
- Bet 2: Horse 2 to win Race B – Stake: $10
- Bet 3: Horse 3 to win Race C – Stake: $10
- Double Bets:
- Bet 4: Horse 1 and Horse 2 to win their respective races – Stake: $5 per bet
- Bet 5: Horse 1 and Horse 3 to win their respective races – Stake: $5 per bet
- Bet 6: Horse 2 and Horse 3 to win their respective races – Stake: $5 per bet
- Treble Bet:
- Bet 7: Horse 1, Horse 2, and Horse 3 to win their respective races – Stake: $2
Now, let’s calculate the potential returns for each bet and the overall income:
- Single Bets:
- Bet 1: Horse 1 to win Race A – Potential Return: $25 ($10 stake x 2.50 odds)
- Bet 2: Horse 2 to win Race B – Potential Return: $30
- Bet 3: Horse 3 to win Race C – Potential Return: $45
- Double Bets:
- Bet 4: Horse 1 and Horse 2 to win their respective races – Potential Return: $75 ($15 stake x 5.00 odds)
- Bet 5: Horse 1 and Horse 3 to win their respective races – Potential Return: $112.50
- Bet 6: Horse 2 and Horse 3 to win their respective races – Potential Return: $67.50
- Treble Bet:
- Bet 7: Horse 1, Horse 2, and Horse 3 to win their respective races – Potential Return: $337.50 ($2 stake x 168.75 odds)
Overall Income around: $752.50 (sum of potential returns from all seven bets)
- Football Matches Example: Let’s consider three football matches: Match X, Match Y, and Match Z, with the following odds for your selected teams:
- Team A: 2.00
- Team B: 2.50
- Team C: 3.00
Similar to the horse racing example, let’s calculate the potential returns and possible income:
- Single Bets:
- Bet 1: Team A to win Match X – Stake: $10
- Bet 2: Team B to win Match Y – Stake: $10
- Bet 3: Team C to win Match Z – Stake: $10
- Double Bets:
- Bet 4: Team A and Team B to win their respective matches – Stake: $5 per bet
- Bet 5: Team A and Team C to win their respective matches – Stake: $5 per bet
- Bet 6: Team B and Team C to win their respective matches – Stake: $5 per bet
- Treble Bet:
- Bet 7: Team A, Team B, and Team C to win their respective matches – Stake: $2
Let’s calculate the potential returns for each bet and the overall income:
- Single Bets:
- Bet 1: Team A to win Match X – Potential Return: $20
- Bet 2: Team B to win Match Y – Potential Return: $25
- Bet 3: Team C to win Match Z – Potential Return: $30
- Double Bets:
- Bet 4: Team A and Team B to win their respective matches – Potential Return: $50
- Bet 5: Team A and Team C to win their respective matches – Potential Return: $60
- Bet 6: Team B and Team C to win their respective matches – Potential Return: $75
- Treble Bet:
- Bet 7: Team A, Team B, and Team C to win their respective matches – Potential Return: $180
Overall Income around: $440 (sum of potential returns from all seven bets)
Calculating Potential Returns
To calculate potential returns for a patent bet, you can utilize a patent bet calculator. By entering the odds for each selection and stake, the calculator will provide an estimate of potential winnings. Remember that the total stake for a patent bet is higher due to the multiple bets involved. However, the potential returns can be significant if multiple selections win.
Conclusion
Patent bets present an intriguing opportunity for sports bettors, allowing them to cover various outcomes and potentially secure multiple winning bets. By employing practical examples like horse racing and football matches, it becomes easier to comprehend and calculate potential returns. Using odds and stake values, we demonstrated how a patent bet can generate possible incomes. Consider utilizing a patent bet calculator when exploring this type of wager, ensuring you make informed decisions and maximize your chances of success.