Patent Bets Explained

Patent Example

Here's how the winnings would be calculated, assuming a £1 stake per bet (total stake of £7 since there are four bets):

Here's how the winnings would be calculated, assuming a £1 stake per bet (total stake of £7 since there are seven bets):

Three Singles:

• Team A win: £1 stake * (2/1 odds + 1) = £2 (profit) + £1 (stake) = £3 total
• Team B win: £1 stake * (3/1 odds + 1) = £3 (profit) + £1 (stake) = £4 total
• Team C win: £1 stake * (4/1 odds + 1) = £4 (profit) + £1 (stake) = £5 total

Three Doubles:

• Team A and Team B win: £1 stake * ((2/1 odds + 1) * (3/1 odds + 1)) = £11 (profit) + £1 (stake) = £12 total
• Team A and Team C win: £1 stake * ((2/1 odds + 1) * (4/1 odds + 1)) = £14 (profit) + £1 (stake) = £15 total
• Team B and Team C win: £1 stake * ((3/1 odds + 1) * (4/1 odds + 1)) = £19 (profit) + £1 (stake) = £20 total

One Treble:

• Treble (ABC): £1 stake * ((2/1) * (3/1) * (4/1) + 1) = £59 (profit) + £1 (stake) = £60 total

To experiment with different outcomes, use this link for a bet calculator preloaded with the above example.

How To Place Patent Bet with Bet365

1. First, select the relevant sport you want to bet on. For this example, we have selected Horse Racing.

2. Then, once you have selected the three horses that you want to bet on, the betting slip will first be set up as a Treble. To unlock all the other available bets, press the ‘Show More Multiples’ arrow and enter your stake next to Patent.

3. Then select the Patent option before adding your stake amount. Now you are ready to place your Patent bet.

Return On Investment

Should all three of your national teams get the job done, all seven bets will be declared winners and a total return of £88 would be yours. The profit would then be the total return minus the initial stake of £7.

Therefore, an overall profit of £81 would be yours. In this example, the odds on offer would only need two winning teams to return a profit. Assuming Team A and Team B won, the two singles would be collected plus a double. An outlay of £7 but winnings of £21 – a 200% return on your investment.

A sizeable return on investment that still saw Team C unable to win on the road but still showing the overall strength of the Patent bet. Of course, this does come with the caveat regarding the odds involved.

If the three Teams were instead backed for home wins, the odds would most likely be less than Evens, and then you would need all three to win to tip yourself into the profitability column, so keep this in mind.

Reasons for Making a Patent Bet

Now that we have explained a Patent bet, here are three reasons why you would place one:

• Less Risk – Patent bets offer a good balance between risk and reward. With the three single bets included, the right odds can mean that only one win can generate a profit.
• Levelling Up– Not only do they offer benefits when it comes to risk management, but more than one winning selection can quickly see the winnings stack up. Once you can get into double and treble territory, the value of the Patent is quickly unlocked.
• Offers Variety – The three selections are not just a treble (or three single bets); therefore, the different permutations can increase your interest in a particular sporting event. Especially if you already have confidence in your Patent-based selections.

Although the Patent does offer you the opportunity to lose once and still profit, such a combination will come at a cost. The more combinations, the more the stake. With this particular bet needing seven stakes, you must weigh whether such outlay will be worthwhile.

Some may favour the Trixie and the lower outlay regarding stake, but this nullifies the single wins. Therefore, the additional three bets on offer from the Patent arguably provide better insurance against the bookmakers.

Of course, no betting type is perfect – if it were, we would all be placing it as much as possible, and even though the Patent has a legion of supporters, it is only fair to highlight the main benefits and drawbacks.

Pros & Cons

Final Thoughts

For those who like to try and mitigate risk as much as possible, the Patent bet is one of the best ways. With singles added to the betting slip, the potential to make money only increases further, and with the right selections, this combination can be profitable.