Are you interested in sports betting but get overwhelmed by the many different types of wagers available? One type you may not have heard of is a patent bet, but fear not! In this article, we’ll break down exactly what a patent bet is, how it works, and whether it could be a good option for you.
What is a Patent Bet?
A patent bet is a form of multiple bet that includes three selections. Unlike a standard treble bet, however, a patent bet allows you to win even if only one of your selections wins. With a patent bet, your bet is split into seven separate bets: three singles, three doubles, and one treble. Essentially, a patent bet gives you a chance to make a profit even if not all of your selections come in.
How Does a Patent Bet Work?
To place a patent bet, you need to choose three different selections. These could be three horses in different races, three teams in different football matches, or any other three selections within a single sport. Once you’ve chosen your selections, you place a bet on a patent, which as we mentioned earlier, is actually seven bets in one.
Let’s say you picked three horses in three different races and placed a €1 patent bet. Here’s what your seven bets would look like:
- €1 bet on Horse A
- €1 bet on Horse B
- €1 bet on Horse C
- €1 bet on Horses A and B
- €1 bet on Horses A and C
- €1 bet on Horses B and C
- €1 bet on Horses A, B, and C
If just one of your horses wins, you will win one of the three single bets. If two of your horses win, you will win two of the three doubles bets. If all three of your horses win, you will win all three singles, all three doubles, and the treble, meaning your return would be significant.
Benefits of Patent Betting:
Increased chance of winning: Patent bets may not necessarily give you the biggest payout, but they do offer a greater chance of making a profit compared to other multiple bets.
Low stakes: Patent bets can be placed for as little as €0.07, which means you can try them out without risking a significant amount of money.
Consistent returns: If even just one of your selections wins, you have a chance of making a profit.
Advantages and Disadvantages of a Patent Bet
Like any other betting option, a Patent Bet has its advantages and disadvantages. Knowing these can help you make informed decisions when choosing to place such a bet.
- Even if one selection fails to win, you can still win some of your bets.
- Provides a better opportunity to get a return on investment.
- The cost of placing a Patent Bet can add up quickly.
- All three selections need to win to make significant profits.
Things to Consider
More difficult than single bets: Multiple bets are naturally more difficult to win than single bets because they require more outcomes to come in.
Lower payouts than other multiple bets: Because the chances of winning a patent bet are higher, the payouts are usually lower compared to other multiple bets.
Risk of losing money: As with any form of betting, there’s always a chance of losing money, so be sure to only place bets you can afford to lose.
Tips for Betting on Patent Bets
While patent bets offer a higher chance of winning, it’s still a form of gambling, and you need to be strategic to increase your chances. Here are some tips to help you make the most out of your patent bets:
- Do your research – study the form, the previous races, and the players’ performances to make an informed decision.
- Place patent bets on low-odds selections – since patent bets offer better coverage, it’s better to place them on low-odds selections to reduce the risks.
- Know your limits – before placing any bet, always set a budget and stick to it.
- Use a reliable betting site – choose a reputable and trustworthy sports betting site to ensure fair dealings and prompt payouts.
If you’re looking for a way to increase your chances of making a profit through sports betting, a patent bet could be a solid option. With its increased chance of winning and low stakes, a patent bet is a great way to dip your toes into multiple betting. However, remember to only bet what you can afford to lose and to always gamble responsibly. Good luck, and happy betting!