Looking to mix up your bets and add a new way to maximise your returns? There are many different bet options available, and a patent bet is just one of the ways you can increase your winnings. How does a patent bet work? Read on to find out.
What Is A Patent Bet?
Simply put, a patent bet is seven bets. The seven bets are made up of 3 selections looking like this; 3 singles, 3 doubles and a treble. But more importantly, if any of your selections let you down, you can still receive a payout from the bookies for any winning selections you have made.
Patent bets are more popular for horse racing; however, there is an increase in punters wanting to place patent bets on sports such as football. This type of bet gives you more significant returns by calculating different options to wager and selections to include in your bet.
How Does A Patent Bet Work?
A patent bet works by making seven different bets from your selections. You simply make 7 bets, and they are placed in this order;
- Singles – 1, 2, 3.
- Doubles – 1+2, 2+3, 1+3.
- Treble – 1+2+3.
To make a bet, you need to make 7 bets for this accumulator; all of an equal stake, e.g. £1 per bet, would cost you a total of £7.
A Patent bet is typically a win-only bet unless you specifically choose an each-way chance, so all seven selections would need to come in to get the total winnings; however, even if one selection wins, you will be still guaranteed returns as if you have placed a single bet, but this could be much lower than your initial stake depending n the odds taken.
Look at it this way; if you placed a Patent bet and only one of your selections placed, then you would only get the winnings from that selection – a £1 win-only bet at 10/1 odds would give you £11 (£10 winnings plus your stake) meaning you are £4 from your £7 bet.
How to Place a Patent Bet?
To place a patent bet, you need to pick three selections, e.g. three different horses, to win. Then via in-person or online bookmakers, gamblers can add this accumulator to their bet for greater chances of winning. It is worth using a Patent bet calculator to help you understand the odds of winning and what your potential returns could be first.
All you need to do is make sure you have indicated you want to make the patent bet on the slip or in the boxes if playing online.
How does an each-way Patent work?
An each-way bet works the same way as a win-only patent bet, except that you make 14 bets instead of 7. you win if your selection is within the each-way parameters of the game or race and is calculated as a single each-way bet would be. For horse racing, this would be coming in first or any places that particular race is paying each way for. For football games, this can be either win-win, win-lose, or draw-draw. Bookies usually pay winnings at around 1/5 of the odds for an each-way selection.
Conclusion
If you are confident, you have picked some winning bets; many punters like to place a Patent bet in a bookmaker to help them increase their returns and get bigger winnings. Of course, like any bet, this isn’t suitable for all markets, and you need to know that you won’t always get all of your stakes back if you win.
FAQs:
1. How much does a Patent bet cost?
All bets in a patent bet need to be the same price, and as there are seven bets, the cost is 7 times your stake. For example, placing £1 on each bet would cost you £7 in total.
2. How do you calculate a Patent bet?
Many people want to know how a patent bet works to calculate. It is calculated by the three selections made up of 3 single selections, 3 doubles and a treble.
3. How do you work out Patent bet winnings?
Winnings are calculated using the winning selections from your bet and the odds. You can win by playing for just a single or mixing singles and doubles. For full returns, you need to win with all three singles to take advantage of the doubles and the treble bet included in this accumulator.
4. What is the difference between a Patent and a Trixie?
A patent bet differs from a Trixie as you take into account the singles, whereas Trixie only has 4 – 3 doubles and a treble.