Patent Bet Explained - The Ultimate Guide (2018 Update)
In this article we explain all you need to know about a Patent bet including a break down of what it is and what it consists of, how to manually calculate this bet type and more.
Patent Bet Explained – What Is A Patent Bet?
A Patent bet is a wager on 3 selections taking part in different events and includes the following: 3 Singles, 3 Doubles and 1 Treble. A minimum of 1 selection must win for a Patent to generate a return.
Note: A Patent is similar to a Trixie in the sense both bets consist of 3 selections, the only difference being is that a Trixie does not include singles.
Each Way Patent Bet
An Each Way Patent is double the stake of a straight ‘Win’ and consists of 14 bets – 7 bets for the selections to win and 7 bets for the selections to place. You can read more on each way betting including what each way betting is with our ultimate guide.
How To Calculate A Patent Bet
To calculate a Patent bet, you need to add together the return of each winning single, double and treble bet.
Patent Bet Calculator
As you can imagine, manually working out the returns will take a while and it’s likely you’d be error prone so we’d suggest using a tool such as BetVictor’s Bet Calculator that will automatically do the math for you. You’ll also be able to experiment with different outcomes to see how they affect the potential returns.
Simply enter the prices of your 3 selections. Then enter your stake and it will show you what you stand to win.
Why Place A Patent Bet?
Patent bets are most commonly used when there are selections with long odds. What makes them appealing is that you only need one winning selection for a return. Furthermore, should all your selections win, you are likely to be set for a healthy profit.
A Patent bet is formed of 3 different selections and consists of 7 bets. It can be useful when backing selections at longer odds and does increase the likelihood of a return.