If you are looking for an answer to the question “What Is A Patent Bet?” then you are on the right page.
We’ll also answer the following questions so you know exactly how a Patent bet works.
- How much does a Patent bet cost?
- How many combinations does a Patent bet have?
- How does a Patent bet work?
We’ll explain and show you how many selections the bet has and how the 7 different combinations work for this bet.
The info will be explained using tables and screenshots to help guide you along the way.
HOW MUCH DOES A £0.20p PATENT BET COST?
Depending on your betting style and how much your budget is, will decide how much a Patent will cost. You can do these Patent bets for smaller or larger stakes depending on your budget. Don’t forget that you should only bet amounts you can comfortably afford to lose.
Check out the table below, which shows you how much it costs for a twenty-pence Patent.
|PATENT BET STAKE||TOTAL COST|
|£0.10p Each Way||£1.40|
|£0.20p Each Way||£2.80|
|£0.25p Each Way||£3.50|
|£0.50p Each Way||£7.00|
|£1.00 Each Way||£14.00|
|£5.00 Each Way||£70.00|
The Patent is a great bet for advanced punters. It has three selections and combines singles, doubles, and a treble.
So you have 7 separate bets that are within a Patent bet, which gives you multiple chances to win.
It is an easy bet for novice bettors to understand as well but is suited to bigger stakes and for punters who like to back favourites or shorter-priced horses in the betting.
With a patent bet, you only need one of your selections to be successful to get a return.
HOW MANY COMBINATIONS DOES AN Patent HAVE?
In the table below you can see how many combinations in total the Patent has.
|BET TYPE||NO OF COMBINATIONS|
Understanding the different combinations is key with any type of bet, but the Patent with just 3 selections and 7 bets is one of the easier combination bets to understand.
As an example, if you are a novice punter, you might want to go for an each-way Patent and focus on horses that are bigger prices. This means that it is a good idea if your selections are priced at odds of 5/1 or bigger. EW Patent bets are a more fun bet and give you an interest in three separate races.
It is important to note that you will need at least one of your selections to be successful to get a return with this bet.
Firstly you will want to select your horses, so let’s look at three mythical selections below which are priced at 3/1 or lower, and for this example, we’ll use a £5.00 win stake, so your total outlay is £35.
- Selection A – 1/1 (Also known as “Evens”)
- Selection B – 2/1
- Selection C – 3/1
So our total stake is £35, and of course, we want to win if possible, and using shorter-priced horses that are fancied makes that a distinct possibility.
So can our bet make a profit with one winner?
At the prices above, one winner will not be enough to make a profit, we would need at least two winners here. So for example, if our 1/1 and 2/1 selections both won, then we would get a return of £55, giving us a profit of £20.
We would have two win singles and a win double.
- 1/1 win single for a £5.00 stake gives us a return of £10.00
- 2/1 win single for a £5.00 stake gives us a return of £15.00
- 1/1 and 2/1 winners in a win double for a £5.00 stake gives us a return of £30.00
It means our two winners have returned £55 for a £20 profit on the money we have laid out for our bet.
If you are wondering how much the return would be if we had all three horses win, then the total return would be £295 for an outlay of £35, giving a profit of £260 on the bet.
The various Patent bet combinations are outlined below.
|A||A B||A B C|
Hopefully, you’ll have learned more about what a Patent bet is and you can now understand exactly how all the Patent bet combinations work.
If you like placing combination bets on horse racing then you might want to follow our horse racing expert Richard Smith here at Ontheballbets and his regular pieces on all the big race meetings including the Cheltenham Festival, The Grand National, Royal Ascot, Glorious Goodwood, Qatar Prix De L’Arc de Triomphe, Breeders Cup, The Melbourne Cup.
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