When anyone becomes more experienced with their betting techniques, they will start to get involved with more complex wagers. A patent bet is a good example and it’s a great place to start as the mechanics are fairly straightforward.
In this guide we will ask how does a patent bet works and we will provide a range of patent bet examples. The simple explanations and calculations are designed so that anyone can master the system very quickly. Take a look at another strategy explained and boost your betting game.
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Patent Bet Definition and a Word on Strategies
A patent bet involves three selections: They can be from anywhere on a bookmaker’s sportsbook and as long as there are three available bets that you can combine into a multiple, a patent can be formed. Generally, the bets will be staked to win, but they can be each way, in which case you would need an each way patent bet calculator standing by.
A patent isn’t, however, a straight line multiple, which means that we don’t need all of those selections to win. When we ask “how does a patent bet work?”, we find that there are seven different bets included and these are as follows:
|*||Selection 1||Selection 2||Selection 3|
|Bet 1||£ (bet)||-||-|
Therefore, once you have compiled and staked on a patent bet, we only need one selection to win in order for a return to come in. However, it doesn’t need a patent bet calculator to realise that one winner wouldn’t be enough to secure a profit. What the punter is aiming for is for all three of those selections to land and, if that happens, a significant profit should come in.
In terms of strategy, the process is no different from what it would be for any sporting wager. We want to find three selections that are likely to come in and this is no time for a speculative punt. Therefore, it requires the bettor to carry out their research into form and any other relevant statistics such as head-to-head results against the same set of opponents. Every extra knowledge can be of use, so look up any information you can find.
With all that information to hand, it’s time to look at a patent bet example and discover how to place the wager.
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Show Me How to Place a Patent Bet
So what is a patent betting example? As we mentioned earlier, this can come from any area of the sportsbook, but for the purposes of this guide we’re going to look at the football markets. Let’s head across to Spain and, on a specific weekend in the La Liga calendar, we’re going to wager on Real Madrid, Villarreal and Granada all to win.
We want to make a unit stake of £1.00 for each bet, so that’s a £7.00 wager in total. To make the patent bet, find the relevant football fixtures and click on each of those three teams in rotation. The online bet slip will now open up and it will show those three individual picks.
The next part of the patent bet example will depend on the sportsbook you are using, but it should be simple to follow. The default setting will be for three single bets, but there should be a button that allows you to select a multiple. Scroll down the list and look for the patent option.
When you click on the tab, the sportsbook should do all the work for you, so there is no real need for a patent bet calculator. You can adjust your outlay and see all the potential returns should the bet be successful. Thanks to advancements in online software, bookmakers have made the actual process really easy.
As mentioned, it is possible to make an each way patent bet, so you might want to switch to the horse racing markets for this one. The procedure would be the same in the sense that you make three selections before adjusting to set each way option on your virtual bet slip.
Can Patent Betting Be Used within a Formula?
Ideally, any formula that we list on this site should only be used by those placing a single wager. Systems such as Martingales, Reverse Martingales and Fibonacci rely on keeping things simple both in terms of the odds and the stakes that are involved.
All of those formulas mentioned above would typically need odds of 2/1 or figures as close to that as possible. Potentially, you may find a patent bet where the odds total 2/1, but this is very unlikely and it would be almost impossible to identify patents on a regular basis.
However, anyone with lots of time to spare could potentially find patent bets that they could use within a formula, but we wouldn’t recommend it.
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Could You Show Some Patent Bet Examples Used in a Formula?
We can quickly show a patent bet example where the system might be used within a formula. In this instance, we’ll look at the reverse martingale strategy. This relies on a bet being halved in the event of a loss or doubled following again.
Patent Bet Example 1
- Stake £10.00 on a Patent at 2/1: A Win, Returns = £30.00
- Stake £20.00 on a Patent at 2/1: A Win, Returns = £60.00
- Stake £40.00 on a Patent at 2/1: A Loss, Stake Forfeited
- Stake £20.00 on a Patent at 2/1 A Win, Returns = £60.00
Total Outlay: £90.00
Total Returns: £150.00
A patent can really go on forever and it has no natural end: It’s really down to the individual bettor who may decide to move on and try another system. We should also mention that there are no guarantees and, with a bet that carries more exposure, such as a patent, there is scope to open that sequence with more losses.
In short, a patent bet definition suggests that it shouldn’t be used within a formula. However, it is a popular stake in its own right and it’s one to consider when your own betting strategy moves on from basic, single bets.