What Is a Patent Bet? : Betting Guide

A Patent Bet Example

Selection 1 – 1/1

Selection 2 – 1/1

Selection 3 – 1/1

Patent bets:

Bet	Selection(s)
Bet 1	Selection 1 (single)
Bet 2	Selection 2 (single)
Bet 3	Selection 3 (single)
Bet 4	Selection 1 and selection 2 (double)
Bet 5	Selection 1 and selection 3 (double)
Bet 6	Selection 2 and selection 3 (double)
Bet 7	Selection 1, selection 2 and selection 3 (treble)

If you stake €5 for a €35 patent bet, there are 4 potential outcomes.

1. If none of your selections win, then you will lose the bet and your stake of €35.
2. If just one of your selections win, then you will win €10 meaning you still have an overall loss of €25.
3. If two of your selections win, then you will win €40 meaning you have a profit of €5.
4. If all three of your selections win, then you will win €130 meaning that you will have a profit of €95.

As you can see the jump in profit compared to one win and all three is quite significant meaning there is a high potential for big wins with a patent bet if you are feeling confident. The patent bet on offer at many betting sites is classed as a full coverage multiple bet as it covers all the different possible outcomes of the bets from your initial 3 selections.

The more bets that are correct, the more of a return you will receive as the winnings are multiplied. Two winning selections provide three winning wagers in the form of two singles and a double and all three winning will return a bigger profit on all seven bets.

What Is an Each Way Patent Bet?

An each-way patent bet includes a total of 14 bets consisting of 7 win selections and 7 place selections with the stake being the double of a standard patent bet. A popular benefit of placing an each-way patent on the horse racing is that bettors will receive a return for every horse they choose that wins their race as well as every horse that places in their race.

The best way to place an each-way patent bet is to include selections in which the place payout for a single is more than or at least equal to your original stake to ensure you receive a profitable return.

What Happens With Non-Runners?

If you place a bet on the horse racing and one of the horses doesn’t end up running, you will receive your stake back for that single bet. Alternatively, if you have one winner and one non-runner, you will receive a return on two singles and a double. In clear terms, if you have one non-runner, the double bet is effectively turned into another single on the winning selection.

Patent Betting Tips

A patent bet can be quite a complicated bet to place and so it wise to follow these betting tips and strategies to help you make the best choices.

• Understand the bet

Before you place a bet, make sure you have done plenty of research and feel confident on your predictions and fully understand how a patent bet works. A patent bet is quite a low risk bet as it is a multiple coverage bet and yet it has the potential for big returns due to the multipliers. As there are multiple layers it may be confusing for some so it is advised that you fully understand how the patent bet works before you use it.

• Research

Before you make a decision for you patent bet, it is wise to do your research to ensure you place an educated bet. For horse racing, you should research the horses’ past performances, the weather conditions, the race distance, class and jockey performance. The more information you have the more chance your bet has of being successful. However, sometimes the research may not help in situations where there is a freak accident or dip in form as it can still be an unpredictable sport.

• Don’t chase losses

A patent bet can be quite high risk as you have to multiply your original stake by 7. You can play it safe with a €1 stake which turns into €7 or you may feel confident and place a €5 stake which turns into €35. The more you stake, the more money you put at risk so you should keep this in mind before you commit. If you do lose, it is advised not to chase your losses as it may cause an even bigger loss. Patent bets require at least one bet to win to receive a return but you still may lose some money if the return is lower than the original stake.

• Can be used on any sports

Although a patent bet is mainly used for horse racing, betting sites do offer patent bets for many other sports including football, cricket, basketball and lots more to further enhance bettors’ excitement. If you have a favourite sport, it may be wise to place a patent bet on a sport that you know everything about to give you a higher chance of success.

• Consider the odds

A patent bet is more effective if you combine larger priced selections. If your selection has low odds, it may be more beneficial to place a straightforward bet as the profit from a patent probably won’t be as much if that is the only selection that wins and may cause an overall loss.

• Consider cross sports

An important aspect of the patent bet is that you don’t have to stick to just one sport when placing it. For example, you could bet a first goal scorer for Manchester United, a try scorer for Ireland and the winner of a cricket match. This broadens the results available in a patent bet and gives big sport fanatics the opportunity to place a bigger bet on 3 different sports at the same time.

Is A Patent Bet Worth It?

A patent bet offered by many betting sites is a popular choice for certain bettors who are feeling confident on their selections. A patent bet will offer bigger profits depending on the odds but only if you win on all three selections. If you win just one of your selections, you will still receive a return but it may be less than your original stake and so will be an overall loss.

A patent bet can be used across all sports and can even combine three different sports in one bet. If you have done plenty of research and fully understand how the bet works, it is certainly worth it especially if the odds are generously priced to potentially maximise your return.