What is a Patent Bet: Complete Guide to Understanding Patent Betting Online

Patent bets have emerged as a popular strategy for sports betting enthusiasts, providing a unique avenue to potentially multiply their winnings.

A patent bet involves the bettor choosing three different selections and then having seven wagers placed on these for them.

Introduction to Patent Bets: What are They?

A patent bet is a type of wager that encompasses seven individual bets, placed on three different selections.

It is a popular betting strategy among sports betting enthusiasts due to its exciting structure and potential for a healthy return.

To better understand, consider this simple example:

Imagine you're betting on three football matches, with teams A, B, and C.

A Patent Bet would then place:

• Three single bets to win (A, B and C).
• Three double bets to win (A+B, A+C and B+C)
• And one treble bet to win (A+B+C).

Profits can therefore come from many different sources depending on how many of the backed sides emerge victorious.

• If one team wins, you'll receive a payout from one of the singles.
• If two teams win then two or the singles and one double will payout.
• If all three teams win, the three singles, three doubles and the treble will win, meaning the full profits of the bet will be paid out.

This strategy has its advantages as, even if not all your selections come in as winners, some profit can still be made.

Wagering on a Patent Bet

It must be noted also then when placing a Patent bet whatever initial wager is placed will then be duplicated across all seven bets, to form the total stake.

Therefore, if 50p was wagered, then the total stake would be £3.50. This is because £0.50 x 7 = £3.50.

This is just a part of the Patent bet that must be remembered so players aren’t surprised at the overall value of their stake.

Real-Life Example of Patent Betting

Consider a football enthusiast choosing three matches from the Premier League.

They predict the following outcomes:

• Match A: Chelsea to beat Man Utd
• Match B: Liverpool to draw against Everton
• Match C: Man City to beat Arsenal

These three predictions form the foundation of their patent bet.

If Chelsea beat Man Utd then Match A is correct and they win one of their single bets.

If Chelsea beat Man Utd and Liverpool draw with Everton then both Match A and Match B are winners. One of their double bets is won, as well as two of the singles.

If Chelsea beat Man Utd, Liverpool draw with Everton and Man City beat Arsenal, then Match A, B and C are all winners. Then all the singles, doubles and treble bet win, leading to significant returns.

Pros and Cons of Patent Bets

Patent bets are steadily growing in popularity and use in football betting, thanks to the handy feature they bring with them, which players are starting to take advantage of.

The majority lie in the fact that this is a type of cover bet, and the individual sections contained within the total wager.

Therefore if all of the singles, doubles and the treble land, bettors are in for far more in the way of profits than they would have been if it had just been a lone three-fold bet.

These also mean that if one leg fails to land, a player can still get some profits from the singles and one double that will still land, meaning a loss isn't always the end like it is with other accumulator bets.

The patent bet is also one of the easiest cover bets to stay on top, with seven separate wagers included and just three selections to keep track of players who cannot get over faced by it.

Of course, the seven separate wagers all require their own stake, this forcing the total wagering requirement up. Players' initial stake will have to be multiplied by seven in order to form the total stake.

However, if players truly want to cover all their bases, and have multiple chances to win and a shot at some truly excellent profits, a patent bet is worth looking into.

Patent Betting FAQs

What is a Patent?

A Patent bet contains three different selections on which seven bets are placed.

This extends to three singles, three doubles and a treble, covering all the three selections.

Are Patent Bets worth it?

A patent bet can be worth it as it allows for players to still see some returns even if only one of their three selections lands.

They offer players both the chance to win big as well as the potential of profits should one or two fail.

How do I work out the stake of my patent?

Simply multiply your initial stake by seven.

This is because seven separate bets will be placed, each of which requires its own stake.

Is a patent bet the same as a round robin?

Yes, a patent and round robin are the same kind of bet, with patents being more commonly used in the UK.

Round robin is also used but is more common in America.