What is a Patent Bet?
A Patent Bet is a popular betting strategy that involves seven bets on three different selections. This type of wager includes a single bet on each selection, three doubles, and one treble.
The beauty of a Patent Bet is that it offers a higher chance of a return on a multiple betting scenario because only one of the three selections needs to be successful for a return to be generated.
How are the Winnings Calculated for a Patent Bet?
Calculating the winnings for a Patent Bet can seem complex, but it doesn’t have to be. Let’s use an example of a £10 Patent Bet.
This means you’re placing a total of £70 across seven bets (£10 on each bet). If all three of your selections win, you calculate the return on each of the seven bets and add them together.
For instance, if your three selections had odds of 2/1, 3/1, and 4/1 respectively, and all three won, you would calculate as follows:
The three single bets would return £30, £40, and £50 respectively (stake multiplied by odds, plus your stake back).
The three doubles would return £120, £200, and £250 respectively (stake multiplied by the product of the two relevant odds, plus your stake back).
The treble would return £600 (stake multiplied by the product of all three odds, plus your stake back).
Adding all these together, your total return would be £1,080. So, from a £70 stake, you would make a profit of £1,010.
Remember, the great thing about a Patent Bet is that even if not all your selections win, you can still get a return.
As long as one of your selections wins, you’ll see some return on your investment.
