Patent bets have emerged as a real favourite among the betting community due to their straightforward structure that has all bases covered. Read on to discover why this wager could be the one for you.
What is a Patent Bet?
A Patent Bet consists of three selections from which seven bets derive. These take the form of three singles, three doubles, and a treble.
Often compared to the equally popular Trixie Bet the key difference is that here there are singles included. This means that if only one of the bets comes in you still get paid out. This is known as a ‘full coverage’ bet.
Before we proceed it’s worth remembering that this is a multiple bet so it follows that your stake will also be multiplied. A £1 Patent Bet therefore will cost £7.
Lower stakes are available of course and with some bookmakers accepting 10p per ‘leg’ this fun and varied wager can be experienced for as little as 70p.
Many of you as bettors consider the Patent option to be something of a bridge between the Trixie and the Lucky 15, which can be learned about here.
The Patent will cost you less than half the initial layout compared with a Lucky 15 and, as stated, a return on your money is guaranteed with just one winning selection in the overall bet.
Win Patent
Let’s look first at a win only Patent on horse racing. Below are three selections you could pick for racing at Taunton.
A £1 win only Patent on these selections will cost £7 and, as you can see, there is a potential for a sizeable return if they are all winning selections.
As we noted above in the Patent Bet explained section, this is a ‘full coverage’ bet, meaning you need only to have picked one winning selection from the three chosen to see a return.
In this Patent Bet example, one winner would enjoy returns as follows:
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Seamus Mor wins: £7
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Tour Des Champs wins: £6
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Karl Marx wins: £11
If you have two winning selections from three in this scenario, there is also potential for a nice profit on this bet. If Tour Des Champs and Karl Marx win, this patent horse bet returns £66, giving an overall profit of £59 on the initial stake of £7.
This amount is made up of each horse winning and their individual odds plus Tour Des Champs and Karl Marx included as a double.
Naturally, if all three selections come good you are quids in!
Each-Way Patent
Now let’s look at an each-way Patent Bet example, retaining the same three selections at Taunton for comparison.
The cost of your bet is doubled to £14 in order to provide each-way coverage. While the original example required at least one winner to see a return, this time you can earn some money back if all three horses are placed (place terms are shown below).
Using this example, if your three chosen horses fail to win but are all placed, your each-way Patent bet will return £50.19 and this will give you an overall profit of £36.19 on the original £14 stake.
When betting at slightly more generous odds, as in this case, each-way cover is always worth thinking about in case you get pipped at the post!
For this type of Patent Bet – at longer odds – you may find it useful to use a Patent Bet calculator to help identify the exact odds based on each successful leg of your bet.
Patent Bets on other sports
You can use the Patent Bet on all major sporting events that you would normally choose to bet on, although you may find from time to time that certain selections cannot be combined under Patent Bet rules. Mostly, you can make your selections freely.
In football betting, one of the most popular markets is the ‘both teams to score and x to win’ where you pick the winner of the match and also predict that both teams will score.
This market offers you greatly enhanced odds compared with the straight win market and, as a result, pays out much bigger returns on multiples such as the Patent.
So in this instance let’s say you fancy Manchester City to beat Chelsea, Brentford to beat Leicester and, in the Championship, Watford to beat Swansea. In all cases you are also backing both teams to score.
If City beat Chelsea 2-1 but the other two bets fail to come in you still see a return on your single success, priced up at 13/5 on 888.
If City win 2-1 and Watford triumph over Swansea 3-1 you now receive a three-fold return, these being –
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City to win and BTTS – Single
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Watford to win and BTTS – Single
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City to win and BTTS and Watford to win and BTTS – Double
If all three bets fulfil their remit you can expect a return of £114 on your £7 stake.
Patent Bet advantages
A Patent Bet affords a safety net should one or more of your selections fail to come in. A single strike still brings a reward. With just seven bets to monitor, this is an easy multiple bet to keep track of.
If all seven bets land you can expect a far greater pay-out than backing your three selections individually in the live betting market, or as a stand-alone multiple such as a bet builder.
Patent Bet FAQs
Is A Patent A Good Bet?
Choosing a Patent Bet is worthwhile if you have a couple of well-fancied picks, especially if the selections are at higher prices.
How Do You Place A Patent Bet With 888sport?
Add your three selections to your bet slip and then click on the permutations tab.
From there, find the patent section and type in your ‘per bet’ stake. The total stake will then appear below.
Can You Do An Each Way Patent Bet?
Sure, Follow the same steps as in the question above, but remember to tick the ‘each way’ box next to the patent wager.
When Is A Patent The Best Option?
When you are relatively confident that most picks will land. Longer odds are preferred but even two winners at around 2/1 should elicit a healthy return.
