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Understanding How Patent Bets Work

PATENT BET
If you’re a seasoned sports bettor or just curious about different betting strategies, you’ve likely come across the term “patent bet.” But what exactly is a patent bet, and how does it work?
PATENT BET
Understanding How Patent Bets Work | Rhino Bet

In this guide, we’ll break down everything you need to know about patent bets, from their structure to their advantages, and why they might be a great option for your next wager.

What is a Patent Bet?

A patent bet is a type of multiple bet that consists of seven individual bets involving three selections. Specifically, a patent bet includes three singles, three doubles, and one treble. This structure means that even if only one of your selections wins, you still receive a payout. This feature makes patent bets appealing for bettors looking for a safety net while still aiming for higher returns.

Patent Bet Explained

To fully understand a patent bet, let’s break it down:

  1. Three Singles: These are individual bets placed on each of the three selections. If any one of these selections wins, you receive a return.
  2. Three Doubles: These bets involve two of the selections. If both selections in a double win, you get a return on that bet.
  3. One Treble: This bet involves all three selections. If all three win, you get the highest possible return from the patent bet.

How Does a Patent Bet Work?

The key to a patent bet is its combination of singles, doubles, and a treble. This combination allows you to potentially win even if not all your selections are successful. Here’s an example to illustrate:

Imagine you place a patent bet on three football matches with the following selections:

  • Team A to win Match 1
  • Team B to win Match 2
  • Team C to win Match 3

Your patent bet will include:

  • Three singles: One bet on Team A, one on Team B, and one on Team C.
  • Three doubles: One bet on Team A and Team B, one on Team A and Team C, and one on Team B and Team C.
  • One treble: One bet on Team A, Team B, and Team C all to win.

If only Team A wins, you still get a return from the single bet on Team A. If Team A and Team B both win, you get returns from the singles and the double involving Teams A and B. If all three teams win, you hit the jackpot with returns from all the singles, doubles, and the treble.

Why Consider a Patent Bet?

Patent bets offer a unique blend of security and potential high returns. Here are some reasons to consider them:

  1. Safety Net: Unlike an accumulator, where all selections must win, a patent bet pays out even if only one selection wins. This reduces the risk significantly.
  2. Higher Returns: While safer than an accumulator, a patent bet can still offer substantial returns, especially if more than one selection wins.
  3. Flexibility: Patent bets can be used across various sports and events, making them versatile and adaptable to different betting strategies.

Patent Bet Strategy

When considering a patent bet strategy, keep the following tips in mind:

  1. Research Your Selections: Just like with any bet, thorough research into your selections increases your chances of winning. Look at recent form, head-to-head statistics, and other relevant data.
  2. Bankroll Management: Patent bets involve seven individual bets, so ensure you have a sufficient bankroll to cover the total stake. Remember, your total stake is seven times your unit stake.
  3. Mix and Match: Consider combining favourites with underdogs. This mix can balance the risk and potentially increase returns if the underdog wins.

Practical Examples of Patent Bets

To further clarify how patent bets work, let’s explore a few practical examples:

Example 1: Horse Racing

You choose three horses in different races:

  • Horse A in Race 1
  • Horse B in Race 2
  • Horse C in Race 3

Your patent bet includes:

  • Singles on Horse A, Horse B, and Horse C
  • Doubles on Horse A and Horse B, Horse A and Horse C, and Horse B and Horse C
  • Treble on Horse A, Horse B, and Horse C

If only Horse A wins, you get a return on the single bet. If Horse A and Horse B win, you get returns on both singles and the double bet.

Example 2: Tennis Matches

You select three tennis players to win their matches:

  • Player A to win Match 1
  • Player B to win Match 2
  • Player C to win Match 3

Your patent bet includes:

  • Singles on Player A, Player B, and Player C
  • Doubles on Player A and Player B, Player A and Player C, and Player B and Player C
  • Treble on Player A, Player B, and Player C

If only Player A wins, you receive a payout on the single bet. If Player A and Player B win, you get returns on the singles and the double bet.

Advanced Patent Bet Strategy

For more seasoned bettors, considering advanced strategies can enhance the potential returns from patent bets:

  1. Value Betting: Look for selections with higher odds where you believe the bookmaker has undervalued the chances of winning. This approach can maximise the returns if your selections are successful.
  2. Timing: Pay attention to timing, as odds can fluctuate. Placing your bet at the optimal time can make a significant difference in the returns.

Conclusion

Patent bets are a valuable tool in any bettor’s arsenal. They offer the perfect balance between risk and reward, providing a safety net while still allowing for significant returns. By understanding how patent bets work and implementing a thoughtful strategy, you can enhance your betting experience and potentially increase your winnings. Whether you’re an experienced bettor or just starting, patent bets are worth considering for your next wager.

Remember, always gamble responsibly and within your means. Happy betting!

Related Betting Types

Curious about different betting types? Explore these options:

FAQs About Patent Bet

A Patent Bet is a type of multiple bet consisting of seven individual bets involving three selections. These bets include three singles, three doubles, and one treble. It provides a safety net, as even if only one selection wins, a return is guaranteed.
A Patent Bet includes a total of seven bets: three singles, three doubles, and one treble.
The main advantage of a Patent Bet is that it covers all possible outcomes of the three selections, ensuring a return if at least one selection wins. It also offers the potential for higher returns if multiple selections win.
No, not all selections need to win. A Patent Bet pays out even if only one selection wins, although the return will be higher if multiple selections are successful.
If one of your selections is void or canceled, the bet is usually treated as a non-runner. The remaining bets in the Patent Bet will still stand, and any singles involving the void selection will be refunded.
Read also...
PATENT BET
If you’re a seasoned sports bettor or just curious about different betting strategies, you’ve likely come across the term “patent bet.” But what exactly is a patent bet, and how does it work?
PATENT BET

FAQs About Patent Bet

A Patent Bet is a type of multiple bet consisting of seven individual bets involving three selections. These bets include three singles, three doubles, and one treble. It provides a safety net, as even if only one selection wins, a return is guaranteed.
A Patent Bet includes a total of seven bets: three singles, three doubles, and one treble.
The main advantage of a Patent Bet is that it covers all possible outcomes of the three selections, ensuring a return if at least one selection wins. It also offers the potential for higher returns if multiple selections win.
No, not all selections need to win. A Patent Bet pays out even if only one selection wins, although the return will be higher if multiple selections are successful.
If one of your selections is void or canceled, the bet is usually treated as a non-runner. The remaining bets in the Patent Bet will still stand, and any singles involving the void selection will be refunded.
Read also...