Understand How Bets Work with our Patent Bet Explained Guide
The Patent bet is a full cover bet, which offers punters full coverage on all combinations of multiples when making three different selections. A Patent consists of 7 bets involving the 3 selections in different events, which when added together, can result in the potential for a big profit. This type of multiple bet includes 3 single bets, 3 double bets and 1 treble bet. This is the precursor of a Trixie bet, but offers a payout on single bets too. Only 1 of the selections needs to be successful to achieve a return.
The Patent is a bet to consider if you want to increase the number of bets you can cover on three selections, instead of just betting on three straight single bets.
A Patent bet is made up of 7 separate bets, which include:
- 3 single bets
- 3 double bets
- 1 treble bet
Just one winning selection will guarantee a return. The more selections you get correct, the higher the final payout and your winnings will be.
If you wanting to choose a Patent bet that featured three football teams, such as Real Madrid, Barcelona and Ac Milan, just one of those teams would need to win their respective game to guarantee a payout. However, if Real Madrid and AC Milan both won, this would return a double bet. If all three teams win, then you would receive seven payouts, which will consist of three single bets, three double bets and one treble bet. This is when the big profits can be enjoyed.
Placing a Patent bet is simple and one of the most exciting ways to bet on three selections. Make your three choices and choose ‘Patent’ as the type of bet you wish to place it as.
You must then decide what your ‘unit stake’ will be. The ‘unit stake’ is the amount of money that you wish to place on each of the 7 separate bets. If for example you choose £1 as your ‘unit stake’ on a Patent bet, it will cost you £7 (£1 x 7 bets = £7). A Patent bet can also be placed ‘each-way’ to enhance your chances of winning, but this will also increase the amount of money you will need to place.
It is advisable to look into what the profit margins are compared to your total stake when looking at any multiple bet. The popularity with this type of multi-bet is the potential high return, but so is the degree of betting insurance that you can get.
Many people will select a banker at lower odds in their Patent bet, which is a bet that has a better chance of winning as the cornerstone of their Patent. They will then look for the other selections at longer odds to really increase the potential profits that could be won.
The internet has a number of online betting calculators that help you to work out any potential returns from your Patent bet. Simply enter the odds of your three selections and allow the online calculator to work out what your returns should be.