One Patent covers seven equal-value bets on three events: three singles, three doubles, and a triple crown.
In a patent, only one pick must win to reap the rewards. Doubles and triples mean your payout increases substantially for each additional winner as multiple bets become winners in sequence. Horse racing bettors most commonly use patent betting.
How does patent betting work?
Seven bets on a patent cover your three options as follows:
|Number of bets
|1, 2, 3
|1+2, 2+3, 1+3
Why should I bet on patents?
If you have three selections in different events and want each Selection to win, patents are an easy way to include multiples, ensuring a bigger payout if two or three of your selections win s return.
Disadvantages of Patents
One complaint about Patent is that you have to have the same unit bet on all seven bets.
Therefore, you must refrain from adopting your staking strategy. For example, place higher bets on singles and doubles than triples, as singles and Doubles have a greater chance of getting in, while triples have much better odds.
How to Calculate Patent Betting Bonuses
The easiest way is to use our patented betting calculator. If you want to do it yourself, follow these steps:
- If you use fractional odds, divide the highest and lowest odds and add one to convert them to decimal odds. (For example, 2/1 becomes 3.0, and 9/4 becomes 3.25.)
- Single bet: decimal odds x principal = return (including principal)
- Doubles: Option 1 odds x Option 2 odds = return (including stake)
- Triple: Option 1 x Option 2 x Option 3 = return (including principal)
How do one-way patents work?
A one-way patent is one in which every Bet is a one-way bet. Therefore, it includes a total of 14 Bets. The total stake of a one-way patent is twice that of a standard patent.
One-way patents have significant benefits, not just pay for every placed horse and every winning horse.
When placing one-way patents, it makes sense to include the option of a single one-way bet with a position payout at least equal to, if not more than, your original Bet.
Bookmakers typically pay about 1/5 of the winning odds on the place portion of a one-way bet on a horse race. So betting £1 one way (costing £2) on a 5/1 horse has equal odds if your horse is placed, meaning your return will be your £1 profit, plus a £1 stake returned on winning position bets.
What’s the difference between a patent & a Trixie?
Trixie bets are similar to patent bets because you will make three selections.
The difference is that the Trixie does not include single bets, and the result only includes four bets: three doubles and one triple.
You might prefer Trixie over Patent when the odds are tight, as the returns on single bets are relatively small.
The Trixie saves you the stake of three singles and may allow you to place higher unit stakes on three doubles and a triple.