What is a patent bet? How to place a patent bet on sport and horse racing

  • Details on where and how you can place a Patent Bet.

While most punters have traditionally wagered on Win and Place, with the odd Quinella, Trifecta, First 4, Doubles, Trebles and Quaddies, multibets have become increasingly popular.

The standard Multibet consists of two or more bets combined to get a greater return, but even the most experienced punter knows the frustration of just one leg letting you down.

There is a trick being missed here by most and it comes in the form of a PATENT BET.

Having been a punter for as long as I can remember, I had never heard of a Patent Bet despite its overwhelming popularity in the UK.

The Patent bet consists of a three-leg Mulibet – and here’s where it gets interesting – but if one or two legs lose, you still get a collect.

How does a Patent Bet work?

So essentially, the Patent Bet is made up of seven separate bets: three singles, three doubles and a trio.

If you have three selections in your Multibet = A, B and C – your seven bets include:

1. A – single
2. B – single
3. C – single
4. A+B double
5. A+C double
6. B+C double
7. A+B+C trio

Therefore, if you selected three horses for a Patent Bet at odds of A=$3, B=$4 & C=$5, your potential collect would look like this:

1. A – single = $3
2. B – single = $4
3. C – single = $5
4. A+B double = $12
5. A+C double = $15
6. B+C double = $20
7. A+B+C trio = $60

Return if A, B & C win = $119
Return if A & B win = $19
Return if A & C win = $24
Return if B & C win = $29

If only one selection wins, you at least get a percentage of your bet back instead of getting nothing back from your standard Multibet.

How much does a Patent Bet cost?

As you are essentially placing seven individual bets, but with the ease of one transaction, the Patent Bet costs $7 per $1 unit.

Where can I place a Patent Bet?

 

Aussie bookmaker CrownBet and leading bookie Sportsbet both offer the option to turn your standard Multibet into a Patent Bet.
If you don’t have an account with one of these bookmakers and want to increase your Multibet winning chances, follow the links to CrownBet or Sportsbet and take advantage of their new customer offers when you make a deposit.

Deposit $500, get $500 in bonus bets with Crownbet's 100% deposit match offer*. 
Deposit $50, Get $150 in bonuses when joining Sportsbet*

*State exclusions apply to some offers. NSW Residents are excluded from welcome bonuses. Please read the T&Cs of each offer with each bookmaker.

How to place a Patent Bet:

The process is relatively the same (click 'Extra Multis' with CrownBet) regardless of which bookmaker you place your bet with, and it really couldn’t be easier.

1. Pick three selections and add them to your betslip.
2. Enter your stake in the ‘Patent Bet’ option.
3. Check the total stake and press ‘Bet’



So there you have it. Placing a Patent Bet is a simple as 1,2,3 and gives you a better chance of getting a collect from your three-leg Multibet.

It may cost more than your standard Multibet but just think of how many times you’ve been let down by one selection – too many times to remember for me.

Good luck experimenting with the Patent Bet.



Upcoming Events

BONUS BETS United States

*Over 18s only. Wagering requirements apply. State exclusions apply to some offers. Exc. NSW, SA, WA & VIC. Please read the T&Cs of each offer with each bookmaker.

Share this with your friends

To:
From:
Your comments:

What is a patent bet? How to place a patent bet on sport and horse racing

While most punters have traditionally wagered on Win and Place, with the odd Quinella, Trifecta, First 4, Doubles, Trebles and Quaddies, multibets have become increasingly popular.

Read more »

You have unread messages

You have unread messages