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.