What Is a Patent Bet? Detail Explanation With Practical Examples
Among the diverse array of betting strategies offered by top online bookies, the patent bet stands out as a compelling option. This strategic approach blends precision and coverage, offering a nuanced way to engage with multiple selections within a single wager. Understanding the intricacies of a patent bet is key to leveraging its potential, making it an essential tool in the arsenal of any astute bettor navigating the dynamic landscape of online sports betting platforms.
1. What Is a Patent Bet?
A patent bet is a form of wagering in sports betting that combines multiple selections into a single bet. It consists of seven separate bets involving three selections, including three singles, three doubles, and one treble, making a total of seven bets. The key feature of a patent bet is that it covers all possible combinations of these selections, offering a broader scope for potential returns even if one selection fails to win.
1.1. Patent Bet Explained
A patent bet encompasses three selections. These selections are combined to create the following bets:
- Three Singles: Each selection is considered individually, leading to three separate bets on each of the chosen outcomes.
- Three Doubles: It combines the selections in all possible pairs, resulting in three double bets.
- One Treble: This combines all three selections into a single bet.
The patent bet, therefore, covers multiple possibilities within these seven bets, potentially yielding returns even if only one selection wins.
1.2. Patent Bet Examples
Let's consider an example involving horse racing:
- Selection 1: Horse A to win at odds of 3.00 (2/1)
- Selection 2: Horse B to win at odds of 2.50 (6/4)
- Selection 3: Horse C to win at odds of 4.00 (3/1)
In a patent bet, this would result in:
- Three Singles: Three separate bets on each horse to win.
- Three Doubles: AB, AC, BC - three combined bets on pairs of horses.
- One Treble: ABC - a single bet combining all three selections.
If only one horse wins, say Horse A, you would still receive a return from the winning single bet on Horse A. However, if all three win, you win on all seven bets, potentially leading to higher overall returns.
1.3. Is a Patent Bet Worth It?
A patent bet offers more coverage than a traditional accumulator, as it allows for a return even if one selection fails to win.
The worth of a Patent bet depends on various factors:
- Broader Coverage: A patent bet provides a degree of insurance by covering multiple outcomes, ensuring some returns even if not all selections win.
- Potential for Higher Returns: If all selections win, the patent bet yields returns on multiple bets, potentially resulting in higher overall profits.
- Increased Cost: As it involves seven bets, a patent bet requires a larger stake compared to a single bet.
- Lower Returns with Fewer Wins: If only one or two selections win, the returns might not cover the initial stake, resulting in a loss.
A patent bet suits those confident in multiple selections, aiming to minimize the risk of losing the entire stake if one fails. It's effective when bettors strongly believe in their picks and desire returns even if not all selections win. Avoid it if uncertain about selections or if odds are too low, and when working with a limited betting budget due to the larger stake required. Consider the risk-reward balance before choosing a patent bet.
2. How Does a Patent Bet Work
A patent bet involves three selections and consists of seven individual bets. These bets encompass three singles (one bet per selection), three doubles (covering all possible pairs of selections), and one treble (including all three selections). In essence, a patent bet maximizes coverage by accounting for various winning combinations among the chosen selections, offering returns even if only one selection wins.
3. How to Calculate Patent Bet Winnings?
Using Betmentor's patent bet calculator can simplify the process of calculating potential profits swiftly and accurately. This gambling odds calculator streamlines the complex calculations involved in a patent bet, allowing users to input the odds for each selection and instantly obtain an estimate of their potential returns.
Betmentor's calculator provides a user-friendly interface, making it convenient for individuals to assess their potential winnings from a patent bet without the hassle of manual computations.
>>> Access the patent bet calculator and see detailed instructions on how to use it here: Patent bet calculator
4. How to Place a Patent Bet on an Online Betting Site?
Placing a Patent bet on an online betting site generally follows these steps:
- Select: Pick three different events or outcomes for your Patent bet.
- Bet Slip: Add these selections to your bet slip and find the "Patent Bet" option.
- Enter Stake: Input the amount you want to bet.
- Confirm: Review your selections and confirm the bet.
- Confirmation: Once confirmed, you'll receive a confirmation message for your placed Patent bet.
This is a specific example of how to place a patent bet on bet365:
To place a patent bet on Bet365:
1. Choose a specific sport for your bet, such as Horse Racing.
2. After selecting your three horses, the initial betting slip will show a Treble. Expand the options by clicking on 'Show More Multiples' to access additional bets. Enter your stake beside the Patent option.
3. Opt for the Patent bet type and input your desired stake. Your Patent bet is now set and ready to be placed.
Q1: What is a permed patent bet?
A permed patent bet involves combining multiple patent bets on different selections within a single bet. For instance, instead of selecting three separate outcomes for a standard patent bet, a permed patent might involve choosing three selections for one patent, and then another three selections for a second patent within the same bet slip. This approach increases the number of bets and potential returns.
Q2: What is the difference between a patent bet and a Trixie?
Both a patent bet and a Trixie involve multiple selections, but they differ in the number of bets placed. A patent bet consists of seven bets across three selections (three singles, three doubles, and one treble), while a trixie bet involves four bets across three selections (three doubles and one treble). The key distinction lies in the number of single bets included: a patent includes three singles, whereas a trixie does not involve any single bets.
Q3: Is it possible to do a patent each way?
Yes, it's possible to place a patent each way. An each-way patent doubles the number of bets as it applies the each-way principle to each of the seven bets within the patent. This means there will be 14 bets in total – seven for the selections to win and seven for them to place (usually top two or three, depending on the specific event's terms). However, an each-way patent requires a higher stake due to the increased number of bets.
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