The Patent Bet explained
The video above, explains all about the Patent bet. We have also published a video describing the Heinz bet, too, which is a larger multiple bet.
A Patent is a popular bet type that you can use to place your bets on a variety of different sports. Most commonly used for betting on horse racing events, although you can place these bets on many other sports as well, such as Football for example.
Patent Bet details
A Patent Bet consists of seven bets placed across three different selections. These are:
- 3 Singles
- 3 Doubles
- 1 Treble
As you can see above, as long as one of your selections is a winner, you’re entitled to a return from your Bet!
A patent horse bet is extremely popular among punters, as betting on horse races can be quite unpredictable. The beauty of a Patent is: the odds might still work in your favour so that you can make a profit if only one of your selections wins, especially if done on larger prices. When backing larger prices, punters usually opt for an Each Way Patent.
How to place a Patent Bet
Let’s say that you want to place a Patent Bet on horse racing today. You need to select three horses that you think are going to win. Let’s say that all of them are given the odds of 10/1. This means that all of the doubles will have the odds of 100/1, whereas trebles would be 450/1.
If you want to place £1 on each bet, this means that you would stake £7 in total.
We would advise you to use a patent bet calculator to work out your potential returns and profit accurately and quickly. It would show you that you would receive a total return of £684, and your total profit would be £670 USE THE BET CALCULATOR HERE to see for yourself.
Place your Patent Bet: A step-by-step guide
Placing this bet is pretty simple. Here’s how you can do it.
- 1. Choose your seven selections.
- 2. Create your selection by selecting the price.
- 3. Enter your stake. Remember, if Each Way, this will be double.
- 4. Select if you want to make an each way patent.
- 5. Boom!
How to convert odds: An Example
Different bookmakers prefer displaying different odds types.
Most Bookmakers will allow an option of changing this in “odds format”, or sometimes called “odds settings”.
A good place to look is the top right hand section of the website, near your log in details.
You can select whether you prefer fractional, decimal, American, or probability.
The fractional odds of 5/1 show you that for every £10 you bet you can get £60, this of course includes your stake. Decimal odds already have the stake included in the winnings, so the odds of 6.00 (which equals 5/1) meaning that you would get a return of £60 for staking £10.
This means that your profit would be £50.
The Patent Bet Calculator
Using the patent bet calculator is really easy. It helps you calculate your potential returns quickly and accurately. All you need to do is the following.
1. Opt for each-way patent or not.
2. Enter your three selections and their odds.
3. Enter your desired stake.
4. Take a look at your total return and total profit.
How do I calculate returns for the Patent Bet?
The easiest and most efficient way is to use a patent calculator. You can find more info about how to use it in the webpage it is linked to.
Trixie or Patent bet – What is the best?
A Trixie bet is similar to a patent, and a lot of people get confused between them. It contains four bets, three doubles and a treble, but it does not have any singles.
So, in its simplest form: A TRIXIE is a Patent without the singles!