WORK OUT HORSE RACING PATENT BET

Easily Calculate Patent Bet Winnings.

Safe BookmHOME akers Sites 

Latest,Best Gambling Books....British Racecourses

   

How to Work Out Your Patent Bet Winnings - Calculate Patent Bet Wins in Seconds on Your Mobile Phone Calculator.



To save repetition I will assume you know something about betting and betting odds - lots of articles to read if you need basic advice at HOME > articles.

The Patent Bet was one of the earliest "exotic"bets to appear in England when betting shops were legalised in 1961,and is still popular with horse racing and sports betting fans.

Earlier article explains the Patent Bet - this article just explains how to quickly work out your winnings on Patent bets very quickly.

Best way to demonstrate the procedure is to give examples of winning patent bets.



Patent Bet - 3 winners 3/1 , 4/1, 6/1.


As regular Patent Bet punters will know,the Patent consists of 7 bets - 3 horses full cover (by full cover i mean that bet includes singles as well as all doubles and trebles).

As the Patent bet is full cover,it is much easier and quicker to calculate than ,say,the Yankee Bet that does not include singles (we have another article for that bet),when those singles have to be deducted from equation total.

Back to winning bet above.

Simply add 2 units to each price.

So,3/1 becomes 5.............4/1 becomes 6.....................and 6/1 becomes 8.

Then just multiply those new odds ........ 5 × 6 × 8 = 240.

You always have to deduct 1 unit when working out bets by calculator to take out unit stake.

So,just ........ 5 × 6 × 8 - 1 = 239 .

Thats it ! - takes about 5 seconds!.

The 239 stands for £239.00,or any other currency for that matter.

What if you bet in other units,less,or more than £1,or $1,?.

Just make that your last entry in calculation.

So,for example if you have bet to .25p just do this...

5 × 6 × 8 - 1 × .25 = 59.75 (£59.75) - thats what you get for .25p units.If you have .50p bets,just multiply by .50,if you have £1.25 units,just multiply by 1.25 and so on.



More complicated Example - Patent Bet 3 winners 7/4 , 8/11, 13/8.


Looks hard to calculate ,but just as simple.

Again just add 2 units to each winner and enter one by one on calculator.

So,7/4 becomes 15/4 (you added double bottom figure to add 2 units to odds),8/11 becomes 30/11,and 13/8 becomes 29/8.

So equation is .................15 ÷ 4  × 30 ÷ 11 × 29 ÷ 8 - 1 = 36.07 (£36,07).

Again,the returns are to £1 - just make last entry your stake unit if different to £1.

What if you have just 2 winners in Patent Bet.

Exactly the same procedure,but you just need to enter the 2 new odds for 2 winners,deduct the 1 unit and you have bet calculated for £1 - and this applies to all
full cover bets like Lucky 15,Lucky 31 etc. - exactly the same formula.

So,no matter how complicated the odds,the Patent can be settled on you mobile or tablet calculator in just a few seconds.

By Pendil at
SAFE BOOKMAKERS SITES.©This article can be reproduced by anyone,so long as article is reproduced full and intact with all links unchanged.End of article.
.
ADVICE/ARTICLES FOR SPORTS FANS
How to Perm Your Bets
Decimal Betting Explained
Win Betting on Corners
Rule 4 Deductions Explained
Tote Bets Explained
How to Win Tote Placepots.
Bets and Betting Explained
Win Betting on Football
Patent Bet Explanation
Betting Terms Glossary
Scoop 6 Rules
Scoop 6 Races,Dividends
Yankee Bet Explanation
Lucky 63 Bet Explanation
Lucky 31 Bet Explanation
Lucky 15 Bet Explanation
Tote Trifecta Explanation
Tote Swinger Explanation
Be Successful Soccerpunter
Tote Jackpot Bet - Perms
Straight Forecasts Explanation
How to Calculate Bets
Betting Exchanges Explanatiopn
Tote Exacta - Explanation
Tote Quadpot - Explanation
Spread Betting Explained
Tote Placepot - Explanation
Novelty Football Bets
Is Gambling a Sin?
Non Runners in Bets
Full Cover Bet Combinations
Dead Heat Explanation
How to Win Tote Exacta
How to Win Tote Scoop 6 Bet
Round Robin Bet Explained
Will Blinkers First Time Improve Form
Football Bookings Market,Tips,Explanation
Bet Staking Plan,Bet Singles Only
Racecards Abbreviations Explained
Each Way Betting Explained
Work Out Double and Trebles Bets
Saturdays TV Races Channel 4
Financial Spread Betting,A Basic Introduction
Tote Placepot and Quadpot Tips
How to Work Out Single SP Fractional Bets
How to Work Out Single Bets Manually
How to Work Out Decimal Single Bets
How to Work Out Fraction Double Bets
How to Work Out Decimal Odds Doubles
Each Way Betting,Work Out New Place Odds
How to Simply Work Out Lucky 15 Bets
How to Simply Work Out Yankee Bets
Work Out Number of Doubles in Bets
How to Work Out Patent Bet Winnings Quickly
Asian Handicap Betting,A Basic Explanation
Work Out Number Of Trebles In Bets Quickly
Straight Forecast Perms
Work Out Yankee Bets With Non Runners
American Betting Odds Explained
How to Work Out Number of 4 Timer Accas in Bets
Ante Post Betting Explained
Betting and Gambling Slang Explained
Best Bookmakers To Place Your Bets On Football
Bookmakers Percentages Explained
Calculate The Double Odds In Your Lucky 15 Bets
 
Cash Out Bets ? Yes or No

 

Gambling is fun and a great hobby,but some× it can get out of hand - if you need help please contact gamcare now.

Disclaimer Page......................Contact us

weebly reliable statistics