Have you heard about a type of wager called a Patent bet? Sometimes, it can be called just a Patent, but it is one of the most common forms of multiple-selection bets and for good reason! That's because a patent bet offers you a chance of a return if just one of your selections wins!

Sounds good doesn't it? Well, in this post we'll aim to explain what a Patent bet is, how it works, how much it will cost you to place and also, crucially, how a patent bet pays out depending on how many of the different selections win (or don't win).

We've used the brilliant new Bet Calculator now available at BonusCodePoker to illustrate different parts of this post. We suggest you check it out to help you calculate a whole range of different bets, including a Patent bet!

Of course, you'll need to be a customer with a reputable betting site to place your patent bets. We recommend bet365 Sport as a great starting point, chiefly because of their generous current welcome offer!

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Oh, and the site also offers patent bets too, which is useful!

What is a Patent Bet?

A patent bet is a bet that comprises of three selections, much like a Trixie bet. Like a Trixie bet, it covers all the possible combinations of the three selections but unlike a Trixie, it also covers each of the selections as a single bet.

This means that a Patent Bet comprises of seven different bets, or ‘lines', all of which need to be covered with one Unit Stake.

Here's how it works:

A punter places a $10 patent bet with bet365 Sport on the following three selections:

• Lucky Start – 4/1 in the 3.40 at Haydock.
• Magpie Menace – 5/1 in the 4.10 at Haydock.
• Like a Coiled Spring – 8/1 in the 7.10 at Wolverhampton.

The Patent Bet covers the following options the same as a Trixie Bet.

• Lucky Start & Magpie Menace both to win (Double)
• Lucky Start & Like a Coiled Spring both to win (Double)
• Magpie Menace & Like a Coiled Spring both to win (Double)
• Lucky Start, Magpie Menace and Like a Coiled Spring all to win (Treble)

However, the patent bet also covers the three selections as single bets:

• Lucky Start to win (4/1) (Single)
• Magpie Menace to win (5/1) (Single)
• Like a Coiled Spring (8/1) (Single)

This breaks down into the following –

• 3 x Single Bets
• 3 x Double Bets
• 1 x Treble Bet

So your total stake for this (and any other) patent bet is 7x your Unit Stake, which, in this example, we will say is $10.

So, a $10 Patent Bet would cost $70 to place.

However, with this bet, you would guarantee a return if just one of your three selections wins, whereas if two or all three selections win, then your return can grow in size markedly.

Let's explore those payouts in more detail.

Patent Bet Payouts

Using the three selections outlined in the example above, we have used the BCPoker bet calculator to show you exactly how the payouts for each of the seven different bets would work.

These are shown in the screenshot below.

The key thing to remember here is that depending on how many of your three selections win, you will be paid out on all the lines in your bet that are winners.

Here's a rundown of all potential payouts for this bet, using different combinations of winners from the three selections.

Potential Patent Bet Payouts

No Winners – No payout (-$70 loss)

One Winner – Payout based on which of the selections won:

• Selection 1 – Wins at 4/1 (other selections lose) – $50 total return ($20 loss)
• Selection 2 – Wins at 5/1 (other selections lose) – $60 total return ($10 loss)
• Selection 3 – Wins at 8/1 (other selections lose) – $90 total return ($20 profit)

Two Winners – Payout based on which of the singles and which double selection won.

When two of the three horses win, you win two of the single bets listed above plus the double bet associated with the two winning horses. The other four bets are lost as they involve the selection that did not win.

In the example shown above the total possible returns for two selections winning would be as follows:

• Selection 1 Wins ($50) + Selection 2 Wins ($60) + Selection 1 & 2 Double Wins ($190) – $300 total return ($230 profit)
• Selection 1 Wins ($50) + Selection 3 Wins ($90) + Selection 1 & 3 Double Wins ($310) – $450 total return ($380 total profit)
• Selection 2 Wins ($60) + Selection 3 Wins ($90) + Selection 2 & 3 Double Wins ($390) – $540 total return ($470 total profit)

Three Winners – All seven bets win, which means you win the maximum amount. That includes all the amounts shown above for the one selection and two selections winning, plus the treble bet win.

• Singles for Selections 1, 2 & 3 all win – $230 total return from single wins.
• Doubles for Selections 1 & 2, 1 & 3 and 2 & 3 all win – $1,690 total return from double wins.
• Selections 1, 2 and 3 all win (Treble) – $2700 for the treble win.
• Total Return would be $2,700 + $1,690 + $230 = $4,190 ($4,120 total profit)

It is easy to see why Patent bets are so popular. They offer more chance of a return than a Trixie bet with the same number of selections, plus the upper amount won will be higher than a comparable Trixie bet on the same selections.

Common Questions About Patent Bets

Q. Are Patent bets only available in horse racing?

A. No. While we have used horse racing betting as an example in this post, you can use patent bets across a wide variety of sports that have markets compatible with a patent bet.

Q. Are there other bets similar to the Patent bet using more selections?

A. Yes. You can also place other full cover with singles bets on four, five or six selections. These bets are known as the “Lucky” bets and they include the Lucky 15, Lucky 31 and Lucky 63 bets. The number after each signifies the number of individual bets required to make that particular Lucky bet. For example, a Lucky 31 covers 31 different bets, so the total stake for this bet would be 31 x your unit stake. So if your unit stake was $1, then that would mean a Lucky 31 would cost $31 to place, a Lucky 15 $15 and a Lucky 63 $63.

Q. What happens if I don't want to place the bets as single bets?

A. In that case, you have other Full Cover bets available to you. They range from a Trixie (3 selections), Yankee (4 selections), Super Yankee or Canadian (5 selections), Heinz (6 selections), Super Heinz (7 selections) and a Goliath (8 selections). For each of these bets, you cover every combination of double, treble and combination of accumulators makeable from the selections, but not each selection as a single bet.

Remember, you can access our very own BonusCodePoker Bet Calculator by following the link. This allows you to calculate the potential returns for many popular bets, including the Patent Bet!

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