Patent Bet

5 min. read

WHAT IS PATENT BET?

A Patent betting is very similar to a Trixie bet in that you will be using three selections. The key difference with the Patent is that it is what is known as a ‘full coverage’ bet. This means that all possible winning outcomes are covered. In other words, if you have one winner from three selections, you will see a return for your money. This is because singles are included as well as doubles and a treble.

Let’s begin with answering the question, what is a Patent bet?

A Patent consists of seven bets on three selections in different events i.e. three singles, one on each selection, three doubles and one treble. One or more selection must be successful to have a return. A £1 patent costs £7.

Many of you as bettors consider the Patent betting to be something of a bridge between the Trixie and the Lucky 15 (which we will find out more about later on).

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:

Seamus Mor wins: £7
Tour Des Champs wins: £6
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.

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.

Here is an example of three games in the English Premier League with three home wins and both teams to score in the games.

A £1 patent on these games costs £7 (there is no each-way option on this bet as the market is either win or lose, there is no ‘place betting’). If your bet comes up, the returns are very generous for a small investment!

Patent Bet - FAQ:

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 two winners at 2/1 or higher should recoup most of the initial stake.

Now we have covered the Patent bet, the next bet we are going to profile is What is Lucky 15 bet. This has become a hugely popular bet, particularly in horse racing. If you can find multiple winners in a Lucky 15, the profits can rise rapidly!

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The 888sport blog, based at 888 Towers in the heart of London, employs an army of betting and tipping experts for your daily punting pleasure, as well as an irreverent, and occasionally opinionated, look at the absolute madness that is the world of sport.