What Is a Patent Bet? Complete Guide to Patent Bets in Sports Betting
If you’re not sure what a Patent bet is, then you’ll be pleased to know that I’m here to explain. A Patent is a three-selection multi bet that offers more flexibility to bettors than a three-fold accumulator can.
This handy guide will give you a low down on a Patent bet, including what it is in layman’s terms, how it works in practice, and which sports you can place this bet on. I’ll also throw light on how you can place this type of full cover bet at the reliable online sportsbooks displayed on the page banners.
Patent bets explained
A Patent bet is classified as a full cover bet. since it covers all possible combinations from three selections. It’s similar to a Trixie bet, which covers four combinations across three selections, but a Patent has the added benefit of singles as well, so you have all bases covered.
These are the combinations included in a Patent bet:
- 3 singles
- 3 doubles
- 1 treble
At least two out of the three selections must win in order to get a return.
How to place Patent bets
If you would like to try Patent betting, you first need to set up an account with one of the sportsbooks on our banners. The process of creating an account is straightforward at most of these sites. Clicking on the link on our banner will take you to the registration page, where you’ll need to provide your basic details. These can include full legal name, phone number, and email address. You will also have to verify your ID and residential address to fully activate your account.
Once you have successfully signed up with your chosen sportsbook and verified your account, you will have to deposit funds into your account using one of the accepted payment methods.
In addition most sportsbooks featured on this page offer different types of online betting bonus offers to new and existing players. This includes a welcome bonus awarded to new signups who have met the minimum deposit and other eligibility requirements. Once you have claimed your welcome offer, you are now ready to spring into Patent betting.
- Log into your account and choose three selections from different events.
- Click on the odds to enter them into the betting slip.
- Open the available betting options for the three selections by clicking on ‘Multiples’.
- Select the Patent option and add your bet amount. Remember this will be multiplied by seven, so adjust it according to your needs.
- Check the bet details carefully before clicking the ‘Place Bet’ button.
Which sports are best for Patent betting?
You can use a Patent bet for a few different sports, but horse racing is the most popular one. When you use this bet type for horse racing, you can also make it an each-way Patent. Which covers the allocated places for each race, as well as a straight win. By adding each way, remember that your bet amount will be 14 times the bet amount you enter on the slip.
Other sports you can place Patent bets on include:
- Football: Patent betting in football allows you to select the outcome of three different matches. You can use a Patent bet for football instead of an accumulator, or Bet Builder.
- Greyhound racing: With plenty of events to go at, Patent betting for greyhound racing can provide a more positive experience. But, you still have to bet responsibly by wagering what you can afford to lose since nothing is guaranteed.
- Darts: Some players use Patents to bet on darts, opting for legs, matches, or even tournament winners.
- Tennis: You can back heavy favorites in the early rounds of a tennis tournament using a Patent bet. There is also the backup of getting a return even if one player disappoints you.
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Examples of Patent bets
To help you get a clear understanding of what a Patent bet is, let’s look at some examples of how you can use it on different sports.
Example of a Patent bet for horse racing
You can use a Patent to back three horses running in different races. For example, at a meeting where you want to bet on three favourites, but the odds are very short, you can decide to use a Patent bet instead of singles, or a treble.
By taking this route, you will have covered all of the possible combinations: three singles, three doubles, and a treble. Keep in mind that this is a win-only bet and not an each-way Patent.
To demonstrate further how a Patent bet works, I’ll use three mythical horse names and their odds to win. And let’s say a $1 bet amount to make it easy, so this means the total bet amount will be $7.00.
A. Seamus Mor @ 3.00
B. Tour Des Champs @ 3.20
C. Karl Marx @ 2.10
A patent bet is calculated as follows
- Single bets – odds x bet amount = return (including stake)
- Double bets – selection A odds x selection B odds, selection A odds x selection C odds, Selection B x selection C odds x bet amount
- Treble bets – selection A odds x selection B odds x selection C odds x unit stake = return (including stake)
Although this can be done manually, it’s much easier to use a Patent bet calculator built for the purpose. The returns for our example Patent bet work out like this:
If only Tour Des Champs wins the return would be $3.20
If Karl Marx also wins the return would be $12.02
If all three horses win the return will be $51.08
Example of a Patent bet for football
You can use a Patent bet on football at most pre-match and live betting sites. Let’s say you placed a $10 bet on the outcomes of the matches below:
- Match A: Chelsea to win at odds of 2.0
- Match B: Manchester City to win at odds of 3.0
- Match C: Aston Villa to win at odds of 4.0
Your total stake will be $70 ($10 x 7 bets). Here is an overview of the possible outcomes:
| Match outcome | What you will receive |
| Only Match A wins | You’ll get $20 from the single bet you made on Chelsea. |
| Match B & Match A win | You’ll receive $60 (double AxB)+ $30 (single on B), and $20 (single on A) = $110. |
| Match A, B, and C win | You’ll get $240 (AxBxC) + $120 (BxC) + $80 (AxC) + $60 (AxB) $40 (C) + $30 (B) + $20 (A) = $590. |
What to keep in mind when placing a Patent bet
After learning what a Patent bet sports bet is, it’s essential to keep the following at the back of your mind if you are planning to use it in your favorite sports:
- Bet amount – Remember that your bet amount will be multiplied by seven to cover all the combinations. You should, therefore, adjust your stake to suit your needs.
- Bet structure – Grasp the concept and structure of a Patent bet before placing it.
- Odds selections – While a Patent bet can offer some level of risk mitigation, you might want to keep the odds you are using at the back of your mind. Selecting just low odds is not always a good idea.
- Confirm your bets – Before hitting the Place Bet button, confirm the details in your bet slip to ensure everything is correct and you are comfortable with the bet.
Pros and cons of Patent betting
- More interesting than treble
- Can select different markets and sports
- Offered by many sportsbooks
- Bigger bet amount than a treble
Conclusion – place Patent bets at top-rate sportsbooks
Many top-rated betting sites offer Patent bets on a broad range of sports, including football, horse racing, and tennis. A Patent bet makes betting on your favorite sports more interesting because it allows you to place a bet across three selections that includes seven different combinations. Visit one of the new online betting platforms on our banners and create your account if you would like to try Patent betting.
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What is a Patent bet? FAQs
❓ What selections are included in a Patent bet?
A Patent bet covers three different selections from three different events and combines them into a single bet that covers three singles, three doubles and a treble.
🔢 How many bets does a Patent bet cover?
A win Patent contains a total of seven combinations across three events, while an each-way Patent has 14 combinations in total.
🏇 Which sports can players use Patent bets on?
While Patent betting is commonly used for horse racing and greyhound racing, you can also use it for other sports like football, basketball, and tennis.
