What is a Patent Bet? Patent Bets Explained | BoyleSports
What is a Patent Bet?
A Patent Bet is a type of combination bet that’s based on three selections. If you’re asking, ‘what is a Patent Bet?’ there’s more information in our guide.
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These three selections form seven different bets, based on every possible outcome from those three selections. This creates a bet consisting of one treble, three doubles and three singles.
You may hear a Patent Bet explained in similar terms to a Trixie Bet. The two bets are similar, but Trixies don’t include the three single bets. This means that Patent Betting can be considered a safer option, as only one selection needs to win in order to receive a payout.
Indeed, if the odds on one of your selections are longer than 7/1, it’s possible to turn a profit on only one leg of a Patent Bet. This means they’re very interesting for bettors looking to hedge their bets. If you’re still asking, ‘what is a Patent Bet?’ there’s more information below.
How do you make a Patent Bet?
It couldn’t be easier to make a Patent Bet online. Simply add three selections from three different events to your betslip and choose the Patent option. There should be a ‘x7’ indicator, reflecting the seven different legs of the bet. The stake you enter is for each leg and will therefore be multiplied by seven to generate your total stake.
Patent Bets are possible across a wide range of sports but are particularly popular in football betting and horse racing betting. Taking horse racing as an example, you need to pick three winners from three different races to qualify for a Patent Bet. The format of the bet will then be as follows:
Bet 1 – Horse 1 single
Bet 2 – Horse 2 single
Bet 3 – Horse 3 single
Bet 4 – Horse 1 and Horse 2 double
Bet 5 – Horse 1 and Horse 3 double
Bet 6 – Horse 2 and Horse 3 double
Bet 7 – Horse 1, 2 and 3 treble
Standard Patent Bets are win only. In racing, this means your horse must win in order to produce a successful leg of the bet.
You can choose an each way Patent Bet to cover you in case any of your horses don’t win, meaning you can still achieve a payout if they place. Patent Betting already provides you with a way to hedge your bets, while each way Patent Bets take the hedging a step further.
How do you calculate a Patent Bet?
To calculate a Patent Bet, you just need to combine the odds from all seven of the legs within the bet. To recap, that means your three singles, three doubles and treble.
Single bet = Horse odds
Double bet = Horse 1 odds x Horse 2 odds
Treble bet = Horse 1 odds x Horse 2 odds x Horse 3 odds
So, how does a Patent Bet work in terms of calculating how much your return and profit will be? It’s just a case of adding in the odds and the stake you’re placing on each leg. To keep things simple, let’s imagine all three runners you’re picking in your three horse race have odds of 2/1, and you’re staking £10 on each leg.
Single bet – £10 x 2/1 = Total return £30 / Total profit £20
Double bet – £10 x (2/1 + 1) x (2/1 + 1) = Total return £90 / Total profit £80
Treble bet – £10 x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) = Total return £270 / Total profit £260
To get the total return of a Patent Bet, just add the payout from the three singles, three doubles and treble. In this instance that comes to £630. Taking away your total stake of £70, that leaves you with a profit of £560.
Working out a Patent Bet is relatively easy with basic numbers, but can quickly get confusing as the odds change. Using a Patent Bet calculator is a quick and easy way of avoiding all the mental arithmetic, instantly providing you with the returns on the bets you’re looking to make.
Frequently Asked Questions
What are the advantages of a Patent Bet?
Patent Betting is popular for the increased probability you have of winning by hedging your bets. It’s possible to turn a profit even if only one of the seven legs of a Patent Bet come in, whereas standard accumulator bets instantly lose as soon as one selection fails to come in.
What are the disadvantages of a Patent Bet?
The disadvantage of a Patent Bet is the increased stake you need to place in order to hedge your bets. However, you do have a better chance of winning with a Patent Bet. Even so, it may be considered a negative that if none of your selections win, then you lose seven bets, rather than just one with a regular bet.
In what sports can you make a Patent Bet?
Patent Betting is possible across a wide range of sports, including football. It is most common in horse racing however, as bettors are able to cover selections with high odds and a lower probability of winning with safer selections. If each leg of a Patent Bet comes in, there are high profits for a relatively low-risk bet.
How many bets are there in a Patent Bet?
A Patent Bet is made up of seven bets in total – three singles, three doubles and one treble. It’s possible to win and turn a profit from just one leg of a Patent Bet coming in, although all seven legs need to win in order to secure the maximum payout.
What is the difference between Patent Bets and Trixie Bets?
The difference between Patent Bets and Trixie Bets is that a Patent Bet includes three singles. Both types of bets are based on three selections, but a Trixie is made up of only three doubles and a treble. This means at least two selections must come in to produce a winning bet. You only need one winning selection in a Patent Bet to secure a return.