Patent Bets Explained
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What is a Patent Bet?
This is a full cover bet that can be thought of as a trixie with 3 single bets added to each selection. Each choice appears in 1 single, 2 doubles and a treble. One losing selection can significantly impact the returns of this bet. Try out different outcomes and odds on the patent bet calculator to get a feel for how small changes can influence returns. On the bet slip, the stake can be stated as either per bet or total amount; if per bet is chosen, the total stake will be 7 times the value entered.
Any single winning choice from the patent is enough to generate a return - this is considered one of the main advantages over a trixie.
Patent Composition
The patent is composed of the following parts:
Patent Example
Selection Name |
Odds |
|---|---|
Team A |
2/1 |
Team B |
3/1 |
Team C |
4/1 |
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
- Safer Option – Using the Patent bet removes the win or bust strategy that would be found in either singles or a treble. With those two betting types, one loss, and you are out of the game. The Patent, however, offers far greater flexibility.
- Higher Profits – If you want to maximise your winnings without playing the long-term game of grinding out value, a double or treble win in a Patent can quickly offer higher potential payouts.
- Increased Cost – As always, there is something of a catch, and the catch comes down to cost. More betting combinations equals more of your stake added to the betting slip. Get no winners, and the Patent can prove costly.
- Confusing Element – Whereas a single is easy to manage – it can only be one of two outcomes; the added layers of the Patent can become confusing. However, our Patent bet calculator can help you do the sums beforehand.
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.
Last Update: 20 October 2023
Also See
Patent bet returns calculator - Work out your winnings online with this betting tool.
What is a treble bet? - Want a more straightforward wager? This document outlines how payout is calculated for the treble, containing both winnings and losing football bets to demonstrate step by step the calculations involved. Uses 3 selections, all of which must win to guarantee a return (excluding each way bets).
What is a trixie bet? - Similar to the patent but with the single bets omitted. A wager that requires two winners to generate a return. Read this article to learn more about the components and combinations that form this wager.
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