What is a Patent Bet?
What is a patent bet? Read our simple patent bet guide and use the free patent bet calculator to work out your potential returns.
Patent Bets Explained
A patent bet is a multiple bet consisting of 7 bets placed on 3 different selections, 3 singles, 3 doubles and a treble. This method, which is categorised as a system bet, is mostly used by punters on the big horse racing betting sites. However, it is available across all sports and offered by most prominent bookmakers, growing in popularity because punters only need one winner from three selections to see a return.
How a Patent Bet Works
Patent bets can be placed when you have picked three selections and can be placed each way (horse racing bets). Each selection shows as 1 single, 2 doubles and a treble, and only one of the three selections needs to win for a return.
But, if only one selection wins, the return may not be as high as the stake. It is important to remember that patent bets cost more than "standard" bets because of the number of bets being made. If you were to stake £1 per bet, the total cost of the patent bet would be £7 because there are seven different bets on the three selections.
To calculate a patent bet, add the return of each winning single, double or treble bet, or try out different returns and odds using this patent bet calculator.
Steven is an experienced iGaming content writer who has been working in the industry since 2018. He is passionate about sports betting and enjoys writing about all aspects of the industry, including bookmaker reviews, betting tips and strategies, and news and analysis. If you have any questions about online gambling in the UK, please don't hesitate to contact him.