A patent bet consists of seven bets of equal value on three different/separate events. There are three singles, three doubles, and one treble involved in a patent bet, and you’ll only need one selection to win to see a return of some funds, as the single bet would be a winning one.
A patent bet is mostly used by horse racing bettors, as they attempt to cover themselves with some insurance behind their betting selections, as if one wins, then they’ll at least see some of their funds returned, although they’ll be hoping that all three selections are settled as winners.
Patent Bet Examples
Football Patent Bet
Below, you’ll find an example of a football patent bet. This example has seven separate bets, as you can see with the patent bet stake box having a ‘7x’ next to it. This means your stake is multiplied by seven when you place the bet, and in order to see a return of funds, you’ll need at least one selection to win.
Tennis Patent Bet
A tennis patent bet has the same format to that of any other sporting event that you’re looking to place a patent bet on. You’ll need at least one of the betting selections to win in order to see a return of some funds. However, with any multiples bet, the more selections that win, the more chance you’ve got of seeing a full payout of your bet if you’re lucky enough to see every single selection win. We’ve provided an example of a tennis patent bet below with bet365.
Horse Racing Patent bet
Horse racing patent bets are popular amongst punters, as it provides them with some sort of insurance. They’ll only need one selection to win to see some of their funds returned. However, horse racing odds are typically higher than some other sporting events, and so the potential returns could be sizeable, which is likely to tempt horse racing bettors into placing patent bets.
How To Calculate A Patent Bet
To calculate the potential returns of your patent bet, it can be a difficult process at times, which is why the majority of leading betting sites now list the potential returns on the betslip. Below, we’ve listed how a patent bet is set out in terms of the breakdown of each bet involved.
- Singles – Selection 1, Selection 2, Selection 3 = 3 Bets
- Doubles – Selection 1 + Selection 2, Selection 1 + Selection 3, Selection 2 + Selection 3 = 3 Bets
- Treble – Selection 1 + Selection 2 + Selection 3 = 1 Bet
- Total = 7 Bets
You can also use our useful Patent Bet calculator below, which saves you all the trouble of trying to work out your returns from this type of bet. Or head over to our Patent Bet Calculator page which can help understand how the calculator works.
Each Way Patent Bets
An each way patent bet consists of 14 selections in total, as each single bet would be an each way one, which is double what a standard patent bet covers. An each way patent bet covers the ‘place’ part of the selections involved, which will provide even further insurance behind some of the selections included in the each way patent bet.
Bookmakers typically pay around 1/5 of the win odds for the place part of racing each-way bets, although this can depend on how many runners are involved in a certain race. It’s also important to remember that due to an each way patent bet covering double the amount of selections than a standard patent bet, the stake of an each way patent bet is also doubled.
How To Place A Patent Bet
It’s a relatively simple process to place a patent bet. However, if you’re still not sure how to do this, we’ve provided a step-by-step guide on how to place a patent bet with bet365, which is a great site to use for this type of bet, with everything clearly labelled.
- Click here to be directed to the operator’s site.
- Log into your account with the username and password you created when signing up with bet365.
- For this example, we’re going to place a horse racing patent bet, so we’ll select the ‘Horse Racing’ heading from the left-hand menu.
- We’ll choose three horses from different meetings.
- Click on the ‘3 Other Multiples’ button on the top-right corner of your betslip, which will be found at the bottom of your screen.
- Click the ‘Show More Multiples’ button in the bottom-left corner of the betslip.
- In the ‘Patent’ box, choose your stake. Remember that it’s covering seven bets in total, so your stake will be multiplied by seven.
- Click the ‘Place Bets’ button, which will be coloured green on bet365’s site.
What Is A Permed Patent Bet?
A permed patent bet is simply a bigger version of a standard patent bet. A permed patent bet can consist of four, five, or six selections, which means that it can include up to 28 separate bets in total at the most if six selections are involved.
If one selected in a permed patent bet is to win, then you’d still be guaranteed to see a return of some funds, as the single bet would be settled as a winner. Once again though, the stake of a permed patent bet will be more than a standard patent bet, as you’re covering more selections.
What Is A Union Jack Patent Bet?
A Union Jack patent bet consists of nine selections, and 56 bets in total. When set out in three rows of three selections, bets are formed by combining the selections on each of the horizontal, vertical and diagonal lines in a Union Jack flag, Each bet combination forms a patent, which equates to 56 bets.
Is The Patent Bet Worth It?
Like any type of bet, you have to consider whether it’s worth it, and a patent bet is no different. One of the positives of a patent bet is that it gives punters some sort of insurance behind the betting selections that are involved in the patent bet, as you only need one of the three selections to win to see a return of some funds.
Obviously, the more selections that win, the greater your return will be with your chosen bookmaker, so there are plenty of positives. However, some of the negatives are that the stake is much higher than your standard treble bet, which covers three selections. Some might argue that a patent bet provides more value for your money though, as if one selection loses in a treble bet, then the whole bet is settled as a losing one, whereas with a patent bet you can afford for one or two selections to lose, as you’d still see some of your funds returned to your account.
It’s hugely important to remember to gamble responsibly though, and with funds that you can afford to lose, as in betting, there are no guaranteed winners, regardless of whether the odds suggest so or not.
- Provides punters with more insurance as only one selection needs to win to see a return of funds.
- You don’t need to bet high stakes to win a potentially sizeable payout.
- Fun bet to keep track of with singles, doubles, and a treble bet involved.
- The staking requirement is higher than that of a standard treble bet.