Patent Bet Calculator
- What is a Patent Bet?
- A Patent Bet Explained
- How Do You Win a Patent Bet?
- Can I Win My Patent Bet If Just One of My Selections Wins?
- How are the Odds Calculated for Patent Bets?
- Advantages and Disadvantages of Patent Bets
What is a Patent Bet?
Similarly to a Trixie, a Patent can be placed across many different sports but is often most popular in horse racing and football.
Containing seven different lines, a Patent bet is often placed by shrewd sports gamblers who favour the flexibility that a Patent provides in comparison to other multiple bet types such as accumulators.
Whether you are new to Patents or simply want to know more, this guide will reveal everything you need to know.
A Patent Bet Explained
A Patent bet is made up of seven different lines and involves picking three selections. Let’s use an example of the sport where it is most commonly used, horse racing, to illustrate it further.
To begin our Patent bet, we firstly need to select three horses to fulfill our betting slip. Having scoured a horse racing card, there are three horses that make appeal:
- Horse 1 - 1/1
- Horse 2 - 3/1
- Horse 3 - 10/1
If we want to place a Patent bet, seven different lines will make up the overall Patent bet:
- Horse 1 to win
- Horse 2 to win
- Horse 3 to win
- A double bet containing Horses 1 and 2
- A double bet containing Horses 1 and 3
- A double bet containing Horses 2 and 3
- A treble bet containing all three Horses
Depending on how much you want to place, you need to remember that whatever your desired stake is, you need to multiply it by seven. Therefore, if you want to bet £10 per line, your overall bet total will be £70.
It's important to remember that placing a Patent bet is more expensive than accumulator bets due to the multiple lines that are involved.
How Do You Win a Patent Bet?
Although there are seven different lines in a Patent bet, there are dependencies that can impact how successful your bet will be.
To begin with, a Patent bet takes each of the three selections needed to make up the bet and works these into singles.
As single bets, the objective is clear: if your selection wins, so will your single bet. However, if your selection loses, this will have a negative impact on some of the doubles and trebles that make up your overall Patent bet.
Let's put this into practice and place a Patent using the three horses from above.
If Horse 1 wins, this will mean that the double bets containing Horses 1 and 2 and Horses 1 and 3 have a chance of landing. It also means the treble could still land.
However, let’s assume that Horse 1 loses. Not only will the single selection be classed as a losing bet, but it won’t be possible for the double bet containing Horses 1 and 2 and Horses 1 and 3 to win. The only bets that you could still win would be Horses 2 and 3 to win their single bets and the double containing both selections.
If any one of your three horses don’t win their races, any chance of landing the treble would be over.
Can I Win My Patent Bet If Just One of My Selections Wins?
Unlike in a Trixie bet where single bets don’t play any part and two of the three combinations need to win in order to receive any sort of payout, a Patent bet can see you make returns if just one of your three selections wins. For some that like to place this bet, it is the inclusion of the single bets that make it so popular.
However, it has to be stated that unless the odds of your single selection are high, if just one selection is successful, your overall returns aren’t likely to cover your initial stake.
How are the Odds Calculated for Patent Bets?
The odds and returns of a Patent bet are completely dependent on the prices of the teams, horses, and players that you choose. The higher the odds of your selections, the higher the likelihood that you will have a bet that returns a decent price.
The easiest odds to understand are for the single bets as you can work out your returns from your stake and multiply that against the designated odds.
As there can be multiple outcomes within a Patent if your bet combinations land, the overall returns will be worked out by adding these different sums together.
If every line from your bet lands, you will receive the maximum profits which are the returns from all three single bets, the returns from the three doubles, and the one treble.
Advantages and Disadvantages of Patent Bets
Advantages
- A Patent bet can see some nice returns made, particularly if all three selections are successful.
- There is some flexibility to the bet with not every selection needing to win in order for some returns to be made.
- Can be applied across multiple sports.
- A variety of odds can be chosen to form the overall bet.
- Just one of your three selections needs to win in order to see some form of return.
- Due to there being seven lines, the overall staking can remain cheap.
Disadvantages
- In order to make significant returns, at least two selections are going to have to be predicted correctly.
- The seven required betting lines make this more expensive than single bets.
- Can be complex to track and work out the overall returns if one selection loses.