What Is a Patent Bet? Complete Guide to Patent Bets in Sports Betting
As a bettor, you must have come across patent betting several times, as sportsbooks provide this option for multiple sports. So, what is a patent bet? It’s an option that offers seven ways to win from three picks.
A patent bet is a way to protect yourself when betting on three outcomes. It splits your stake across singles, doubles, and one treble, giving you seven chances to win. Even if only one pick comes through, you’ll still get something back. In this guide, I’ll break down this bet type and how it works. Keep reading for more details.
What is a patent in betting?
A patent bet consists of three selections, like three horses, teams, or outcomes, combined into seven individual bets. These bets are structured to cover all possible combinations of the selections across three types of wagers: singles, doubles, and a treble. Specifically, the seven bets are as follows:
| Bet type | Description |
|---|---|
| Three single bets | One bet on each selection to win |
| Three double bets | Bets on each possible pair of selections (Selection A and B, Selection A and C, Selection B and C), where both must win for the double to pay out |
| One treble bet | A bet on all three selections winning together |
This structure ensures that a patent bet provides multiple opportunities to receive a return, even if only one or two of the selections win.
The structure of a patent bet explained
A patent bet follows a simple structure. Let’s say you place a $1 unit stake on a patent bet involving three match results in the Premier League:
- Liverpool to win at 4.00 odds
- Chelsea to win at 3.00 odds
- Man City to win at 5.00 odds
This creates seven separate bets, all with $1 stakes, totaling $7. For the examples in this text, I’ll be using USD, but you can place bets in your preferred currency. That said, here’s a breakdown of the 7 Bets:
- Single: $1 on Liverpool to win
- Single: $1 on Chelsea to win
- Single: $1 on Man City to win
- Double: $1 on Liverpool & Chelsea both to win
- Double: $1 on Liverpool & Man City both to win
- Double: $1 on Chelsea & Man City both to win
- Treble: $1 on Liverpool, Chelsea & Man City all to win
Scenario 1: Only Liverpool Wins
- Single on Liverpool: $1 × 4.00 = $4 return
- Other singles and all multiples lose.
Total return:$4
Amount gotten/lost: $4 – $7 stake = $-3
Scenario 2: Liverpool and Chelsea Win
- Single on Liverpool: $1 × 4.00 = $4
- Single on Chelsea: $1 × 3.00 = $3
- Double on Liverpool & Chelsea: $1 × 4.00 × 3.00 = $12
Total return: $4 + $3 + $12 = $19
Amount gotten: $19 – $7 = $12
Scenario 3: All Three Teams Win (Liverpool, Chelsea & Man City)
- Single on Liverpool: $1 × 4.00 = $4
- Single on Chelsea: $1 × 3.00 = $3
- Single on Man City: $1 × 5.00 = $5
- Double on Liverpool & Chelsea: $1 × 4.00 × 3.00 = $12
- Double on Liverpool & Man City: $1 × 4.00 × 5.00 = $20
- Double on Chelsea & Man City: $1 × 3.00 × 5.00 = $15
- Treble (all three win): $1 × 4.00 × 3.00 × 5.00 = $60
Total return: $4 + $3 + $5 + $12 + $20 + $15 + $60 = $119
Amount gotten: $119 – $7 = $112
Advantages of a Patent Bet
There are many perks you can get from betting live using the patent option. Check them out below:
Unlike a traditional accumulator that collapses without every leg winning, the patent pays out as soon as just one pick lands. This makes it less risky because you can collect something even if only the first selection comes through.
The wagers cover every possible two-selection and the single treble, giving you multiple shots. You’ll find this bet type ideal if you’re confident in at least one or two selections but less sure about the third.
The treble and doubles can yield substantial prizes if all three selections win, as the odds are multiplied. This makes the patent wager appealing to bettors seeking a balance between high return potential and safety.
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How to place a patent bet
Placing a patent bet at the best betting sites isn’t complicated; if you can add a few picks to your bet slip, you’re halfway there. You don’t need to be a betting expert, just follow these easy steps once you’re logged into your preferred sportsbook.
- Pick your three selections: Click the odds for each of your three choices, and they’ll appear in your bet slip.
- Open the bet options: Look for something like “Multiple Bets” or “Combination Bets” and tap it to see more options.
- Choose the Patent bet: From the list, select “Patent.” This will automatically group your three picks into 7 bets (3 singles, 3 doubles, and a treble).
- Set your stake: Enter the amount you want to bet per line. Keep in mind that your total stake will be 7 times that amount, since there are 7 bets in total.
- Double-check and place your bet: Ensure everything is correct, then click the button to confirm.
That’s it; your patent bet is live. Now you can sit back and see how your picks perform.
Top strategies to consider when patent betting
Keeping some tips in mind can help you place a solid patent bet at both established and new betting sites. I’ll provide some expert strategies below:
If all three of your picks are heavy favorites, say, 1.20 or 1.30 odds, even if two or three of them win, your overall return may not even cover your total stake. Since a patent is seven bets, your amount is spread across those, so low odds mean low reward.
Mix things up. Use two safer picks and one riskier, higher-odds selection. That way, if the underdog lands, your doubles and treble get a serious boost.
Example:
- Man City to win at 1.50 (safe)
- Inter Milan to win at 1.80 (safe)
- Fulham to upset Arsenal at 4.50 (risky)
If Fulham wins, your win potential multiplies across the doubles and treble, while the singles on the safer picks still protect your stake.
Patent bets shine when you know what you’re betting on. Football, tennis, and horse racing are ideal if you’re following recent form, injuries, and stats. Stick to leagues or events you follow regularly. Familiarity helps you make sharper picks.
Some sportsbooks offer online betting bonuses on multiples, like a 10% or 20% boost if all your legs win in a patent. Take advantage of these offers for your bets.
Pros and cons of a patent bet
Here’s a summary of the advantages and potential downsides of a patent bet:
- Covers all outcomes
- Lower risk than traditional multiples
- Potential for high returns
- Multiple chances to win
- Higher total stake (7 bets)
- Not ideal for very short odds
Final thoughts: Is patent betting ideal?
A patent bet is perfect when you’ve got three picks and want a bit of backup. Even if just one team wins, you get a return, but if two or all three land, the payout can be significant. It’s a smart way to bet with balance: not too risky, but still full of potential. So, if you’re asking, what is a patent bet sportsbet? I believe that my detailed guide has provided all you need.
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FAQs
🐎 What is a patent bet in horse racing?
A patent bet is a type of wager that includes seven bets on three horses, including three singles, three doubles, and one treble. Even if only one horse wins, you still get a return.
💰 How much does a patent bet cost?
It’s 7 bets in total. So if you stake $1 per bet (or the currency equivalent), the total cost is $7. You can adjust the unit stake to suit your budget.
🏆 Do all three selections have to win for a payout?
No. You’ll get paid even if just one wins, thanks to the singles. But the more that win, the higher the return.