1. What is a Patent Bet?

A Patent bet is a type of multiple bet consisting of 7 bets involving 3 selections. It includes 3 singles, 3 doubles, and 1 treble. This calculator computes the total profit from all outcomes.

2. How Does the Calculator Work?

The calculator uses the Patent bet formula:

Where:

• \( outcomes \) — Returns from all 7 bets (3 singles, 3 doubles, 1 treble)
• \( stake \) — Total amount wagered on the patent bet

Explanation: The calculator sums all individual bet returns and subtracts the original stake to determine the overall profit or loss.

3. Importance of Patent Bet Calculation

Details: Accurate profit calculation is crucial for bettors to understand potential returns, manage bankroll effectively, and make informed betting decisions.

4. Using the Calculator

Tips: Enter the total stake amount and individual outcomes for all 7 bets. All values must be valid non-negative amounts.

5. Frequently Asked Questions (FAQ)

Q1: What exactly is included in a Patent bet?
A: A Patent bet includes 7 separate bets: 3 singles (one on each selection), 3 doubles (each pair of selections), and 1 treble (all three selections).

Q2: How is the total stake calculated for a Patent bet?
A: The total stake is 7 times the unit stake since there are 7 individual bets in the patent.

Q3: What happens if one selection loses?
A: If one selection loses, you lose the single bet on that selection, the two doubles involving that selection, and the treble. You still get returns from the winning single and double bets.

Q4: Can I calculate returns for partial wins?
A: Yes, simply enter the actual returns for each of the 7 individual bets based on the outcomes of your selections.

Q5: Is this calculator suitable for all types of Patent bets?
A: This calculator works for any Patent bet regardless of sport or event type, as long as you have the outcome values for all 7 bets.