Patent Bets Explainedby Steven Hubbard
A patent bet is a multiple bet consisting of 7 bets placed on 3 different selections, 3 singles, 3 doubles and a treble. This betting method is mostly used in horse racing, but it is available across all sports on most betting sites and is 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.