What is a Patent Bet? A Simple Explanation to How They Work
- Patent bets are a popular way to bet on many sports, including horse racing
- They consist of seven bets on three selections
- This improves the probability of a return on a bet
- Learn how they work fully with our concise guide
When you place a Patent bet, you are placing seven bets on three different selections. A £2 win-only Patent bet would, therefore, cost £14.
How much you win from a Patent depends on the number of selections which win and the odds of each selection. Because a Patent bet contains single bets, only one of the selections needs to win in order for a return to be achieved. That return would, however, be likely to be lower than the initial stake.
The four bets comprise of three singles, three doubles and a treble. The diagram below shows a win-only Patent. Bets one, two and three consists of the singles, bets four five and six consists of the doubles, and the seventh bet is the treble.
Why Make a Patent Bet?
If you place an accumulator, you require every single selection to come in to win the bet. With a Patent, it is a little different as you can still get a return on your bet even if one of the selections don’t come in. Therefore one key advantage of the Patent bet is that it provides a better chance of return, and can be considered to be like insurance on an accumulator.
The disadvantage of a Patent bet is that it does require a higher stake with it having seven bets. The tradeoff of increased probability of winning is that the returns are likely to be lower.
Is It Possible to Do an Each Way Patent?
An each way Patent bet consists of fourteen bets. Seven of the bets are to win, as above in the image. Seven extra bets in an each way are for the selections to place.
We have another article which explains how each way bets work in more detail.
What Is the Difference Between a Patent Bet and a Trixie?
Trixie bets also feature three selections, but there is one key difference.
A Patent has seven bets. A Trixie bet only has four.
A Trixie has three fewer bets in it. This is because while it contains all the doubles and the treble of a patent, it does not have any of the singles. That means that if only one of the three selections wins in a Trixie, there are no returns on the bet. So Patent bets are more likely to provide a return, but that is at the expense of a higher stake.
A Patent bet consists of seven bets over three different selections. It has three singles, three doubles, and a treble. It is a popular way to bet because, with the singles, it has a much higher chance of providing a return versus a traditional accumulator.