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Last Updated: 24th October 2018
A Patent bet is a form of multiple method betting wherein seven bets are placed on three different selections. Patent betting is used to cover all potential outcomes and will offer a return even if only one bet comes in.
Widely compared to the Trixie bet which consists of four bets, this accumulator bet is slightly different since it is built from three singles, three doubles and a treble.
The Patent bet is predominantly used in Horse Racing – but available across all sports – and has become increasingly popular because you need only one winner from three selections to see a return for your money.
This is because – unlike in Trixie and Yankee betting – singles are included as well as doubles and a treble.
How does a Patent Bet work?
Backed with William Hill, this multiple betting method is one of several bets that is known as a ‘full coverage multiple bet’ – a kind of insurance should you miss out on your Treble.
Crucially, only one of the selections needs to win in order for a return to be achieved on this type of accumulator because it contains contains single bets.
Therefore, you could back three horses at relatively long odds and still hope to get something back should one win. That return would, however, be likely to be lower than the initial stake.
If you were to land just three selections, then the potential returns are great.
This Patent bet can be placed when you have three possible outcomes selected and can be placed each way. The potential returns are great for landing just three winning selections.
Try creating your own betting slip!
Don’t let differing odds throw you off your horse – try a patent bet
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Weekend Patent Bet example | Potential results
Let’s say we’ve backed these events:
Selection 1 – 1/1
Selection 2 – 1/1
Selection 3 – 1/1
Patent bets:
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)
For this example we will imagine we have backed a Patent bet with the three legs all at evens (not each way), we are having £5 per line so a total bet of £35.
- Of course, if none of the three win we will lose £35.
- If one leg wins then the return would be £10 representing a £25 overall loss, if two bets win then the return would be £40 making a £5 profit.
- If all three bets come in then the return would be £130 meaning a £95 profit, as you’d expect the return jumps a lot if you get all the results correct.
Odds, Tips and picks | Summary
- It can be tempting to bet blindly but it’s always best to stick to what you know and avoid what you don’t.
- It takes long term betting to make a real profit on multiple betting methods. You always need to remember that if you lose a bet it’s not the end of the world – don’t go chasing your losses.
It is a multiple coverage bet built from three selections, that means you should not really be adding short-priced favourites into a patent no matter what you are betting on.
The high returns for a relatively low stake on the bet that the odds is an incentive to vary the prices of your starter single selections so that you have more multiple coverage for yourself in a patent bet.
A Goliath bet however requires at least two winning selections for a return.
Read on for our Football Accumulator tips and guides.
This post first appeared here
