A patent bet is a type of accumulator bet made up of three single bets, three double bets, and a one treble bet. Overall, there are a total of seven bets made with three selections. Most often, it is used in horse racing, hence you would be backing three horses. Rarely, you can also use a patent bet in football and tennis.
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Often, patent betting is overlooked because many punters consider it to be complicated; some punters haven’t even heard of it! However, it is simple to understand and even easier to place once you recognize how it works. In our guide, we will discuss what a patent bet is using detailed examples, to show you just how effective this type of wager can be.
To know what a patent bet is, first you must understand the concept of an accumulator bet. An accumulator bet is when you make one big wager out of several individual wagers, and in order to win, every selection must succeed. The types of accumulator bet are detailed below:
TYPE OF BET
EXPLAINED
Double
Made up of 2 selections
Treble
Made up of 3 selections
Four-Fold
Made up of 4 selections
Five-Fold
Made up of 5 selections
Six-Fold
Made up of 6 selections
Seven-Fold
Made up of 7 selections
Eight-Fold
Made up of 8 selections
Trixie
Made up of 3 selections (three doubles and one treble)
Patent
Made up of 3 selections (three singles, three doubles, and one treble)
Yankee
Made up of 4 selections (six doubles, four trebles, and one four-fold accumulator)
The type of accumulator bet which concerns up is the patent: three singles, three doubles, and one treble. Altogether this is made up of 7 bets. If any of these 7 bets succeed, you will make a profit. Compared to a regular bet this is advantageous because only one of the seven bets placed is needed for you to make a return. Usually, it is used for horse racing, and will look something like this:
Three selections:
Horse A to win with odds 2/1
Horse B to win with odds 3/1
Horse C to win with odds 2/1
Bet 1: Horse A to win
Bet 2: Horse B to win
Bet 3: Horse C to win
Bet 4: Horse A and B to win (double)
Bet 5: Horse A and C to win (double)
Bet 6: Horse B and C to win (double)
Bet 7: Horse A, B, and C to win (treble)
Hence, you can see there are many different outcomes in this patent bet. You can stand to gain a profit if any of the bets above prosper.
There are several advantages of patent betting. For one, you can back three different selections at once, therefore you have a much higher likelihood of winning overall. This wider coverage ensures you will make a profit, whether it is large or small. In contrast, a normal accumulator bet requires all of your legs to win, otherwise you lose your stake and make zero profit. Furthermore, if all of your selections win, you make an astronomically larger profit because of the long odds.
A patent bet can also be each way. Instead of 7 total bets, you have 14 total bets, and your stake is doubled. This is because an each-way bet is made up of two individual scenarios: your horse winning, and your horse placing. Hence, you can win your wager even if your horse doesn’t come first, as long as they are in the top rankings.
The key disadvantage of patent betting is that whilst you have the opportunity to make a colossal profit, your stake is also a lot higher. This is because a patent bet is a type of accumulator bet, so you aren’t depending on only one outcome, instead you have seven. Hence, your stake becomes seven times dearer, or fourteen times if it is an each-way bet.
Patent Bet Examples
Now that we have explained what a patent bet is, we can demonstrate how it works through a series of examples. This is the easiest way to understand how bookmakers display patent betting, and therefore make it easier when using a betting site.
Example 1: Patent Bet
Let’s say we are betting on horse racing. Firstly, it is important to note that a patent bet is technically made up of seven bets. This means that whatever your stake is, multiply it by 7. For example, if you want to stake €5, this will total upto €35.
Next, you will choose the bookmaker with the best odds. It could look something like this:
HORSE NAME
BETTING ODDS
Luna
3/1
Zeus
4/1
Blaze
2/1
Your patent bet will therefore look like this:
Bet 1: Luna to win (€20 return, €-15 profit)
Bet 2: Zeus to win (€25 return, €-10 profit)
Bet 3: Blaze to win (€15 return, €-20 profit)
Bet 4: Luna and Zeus to win (€145 return, €110 profit)
Bet 5: Luna and Blaze to win (€95 return, €60 profit)
Bet 6: Zeus and Blaze to win (€115 return, €80 profit)
Bet 7: Luna, Zeus and Blaze to win (€595 return, €560 profit)
As you can see, Bet 3 will lose you the most money, and Bet 7 will gain you the biggest profit. Also, if none of your horses win, let’s call this Bet 0, you will lose your stake and make no profit.
It can be difficult to calculate your profit, which is why it is encouraged to use a patent bet calculator. Generally speaking, you will make the most money if all three of your horses win, and the least if none or only one does.
Example 2: Each-Way Patent Bet
Each-way patent betting can be considered a less risky version of a patent bet, because whether your horse wins or places, you still stand to make a profit. However, because each bet is made up of two smaller ones, your stake becomes 14 times the price. For instance, if you bet €5 for each bet, you will end up staking €70.
Let’s say the betting odds are as follows:
HORSE NAME
BETTING ODDS TO WIN
BETTING ODDS TO PLACE
Luna
3/1
1/2
Zeus
4/1
1/1
Blaze
2/1
1/2
Seven of the bets placed would be for the horses to win, and seven of them would be to place.
The maximum profit you could make is if all three horses win. Your return would be €777.50, and profit €707.50. On the other hand, the most money you could lost is none of the horses win, in which case you would lose your €70 stake and make no profit on top of that.
