Hi Harry,
You may want to consider getting a free psa test. Many urologists use the percentage of free psa to assess the risk that you have prostate cancer. If the percent psa is high, you might lean toward believing the high psa is from bph or other benign causes. If it is low, urologists tend to get concerned and begin to believe even more stongly that cancer is an issue and it just has not yet been sampled.
Those results might help you decide on a saturation biopsy/12 core biopsy etc.
The odds do go down that the physican will find cancer as the number of negative biopsies go up. However, biopsies take a very small tissue sample so it is quite easy for false negatives to occur.
Nothing about this disease is straightforward. There is always a caveat or exception.
This is obviously a layman's opinion based on motivated research. See what your urologist thinks.
Retire