WHAT IS PATENT BET?
Let’s begin with answering the question, what is a Patent bet?
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.
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:
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.
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).
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.
Patent Bet - FAQ:
Question 1: What Is A Patent Bet?
A patent bet consists of seven different bets made up of three singles, three doubles and a treble.
If you make three selections and want to add more permutations, the patent bet might be for you. The inclusion of singles is what makes the patent bet different to the trixie wager.
Question 2: 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. As a full cover bet, it is also worth considering if you have good odds on a single.
Question 3: 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.
If you want to place a £1 patent bet, that will be a total cost of £7. You will be placing three singles (£3), 3 doubles (£3) and a treble (£1).
Question 4: Can You Do An Each Way Patent Bet?
Yes – an each way patent bet is simple. Follow the same steps as in section 3 but remember to tick the ‘each way’ box next to the patent wager.
Also, consider you will need to half the stake you enter in the patent box in order to keep to the same total wager. So if you want to bet £7, it would be a 50p each way patent.
Question 5: When Is A Patent The Best Option?
Taking the patent bet option is best 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.
A 6/1 singles winner will return £7, which will help punters to break even straight away – even before you take the other two selections into account.