Patent Bet Explained in 2021
Are you looking for the best parlay betting strategies? Do you want to try out this popular betting bet, but still don't know which approach would fit you the most? We reached out to our team of professional bettors what will bring you one of the most popular types of accumulators. They tried them out so you can take benefits from their betting experience. Dive into this comprehensive guide and make your sports gambling experience much more profitable!
What is a Patent bet?
Patent bet is one of the most straightforward accumulator wagers. Accumulator bets are one of the most popular betting types in sports gambling. They can bring you a massive return; however, the risk of losing that kind of wager is also high. It is the opposite of single betting, which means that you can make more selections and add them on the one betting slip. The trick is that you need to land all winner picks to count on getting returns. If just one of them lets you down, a bookmaker keeps all the money that you invested in an accumulator bet.
However, accumulators provide an appropriate dose of flexibility. Sometimes, you don't need to make all winner picks to get some money from an acca. Your selections can be split into several separate bets, depending on the number of picks you have made. This kind of accumulator is known as a full cover bet, and the Patent bet is one of them.
Patent bet features three selections. It is similar to Trixie, but since it is a full cover bet with singles, the total number of different wagers rises to seven. Therefore, a Patent bet consists of three singles, three doubles, and one treble. Thanks to this structure, you need only one pick to win, and you can get some returns from a Patent bet. Those won't be very high; however, you can get back some money. Thanks to a patent bet, you decrease the risk of losing all the money you have put on a wager. It splits into seven equal parts to cover all possible combinations. However, if you land all three winners, you can count on a significant profit.
Placing a Patent bet: Step-by-Step
Placing a patent bet is quite straightforward, although it consists of seven different wagers. If you are about to put a Patent bet for the very first time, just follow these steps and you will complete the process without any trouble.
- Select an online bookmaker: Finding the sportsbook that suits you the most is the primary step. Before making a decision, check the top betting sites on the sports betting market and select one that suits you the most.
- Sign up for an online account: What you need to do next is registering for an online account. You need to have one to make bets. Provide all the required info and load some money to it.
- Choose your picks: Now, it is time to start building your selections. Add three picks just by clicking on the odds next to them, and the betting slip will get populated automatically.
- Place a Patent bet: You are just about to make your first Patent bet, so enter the stake in the Patent box and hit the Place Bet button.
Usual sports for placing a Patent bet
The flexibility of a Patent bet is so stunning that this betting type applies to all kinds of sports. As long as you keep the number of your picks at three, you should be able to place a Patent bet. Games from any kind of sport can be added to the Patent betting slip. You also have the freedom to choose from all available markets, as no preconditions for this betting type are imposed.
There are hundreds of markets available for every major football, basketball, hockey, or soccer league. Therefore, you can always find something tempting from the daily NBA, NFL, or NHL offer. Don't forget to dip into the MLB odds as well. You can make picks from any available market, whether it's moneylines, totals, or point spread. If you prefer betting on other sports such as Formula 1 or tennis, making a Patent bet is also going to be available for you.
Examples for Patent bet
If the fact that you don't need to make all three winner picks for your Patent bet still puzzles you, from this point, it will be much more apparent for you. You are about to see a Patent bet explained in two practical examples.
Winning example of a Patent bet
You visited the bookmaker's website and dipped into its offer. You have chosen the following three picks for your Paten bet.
| Game | Pick | Odds | Result | Outcome |
|---|---|---|---|---|
| Texans vs. Ravens | Ravens to win | -160 | 16:33 | Win |
| Manchester United vs. Leicester City | Under 2.5 FT | -120 | 3:1 | Loss |
| Flyers vs. St. Penguins | Flyers to win | -110 | 4:2 | Win |
You almost landed all three winner picks; however, you still can count on a return. Thanks to two selections that won, you get returns from two single bets and one double. It should be enough to earn some decent profits.
Losing example of a Patent bet
Just one winner selection is enough to get the return from your Patent bet. Therefore, your Patent bet will lose only in the case that you fail to predict all three picks correctly. It cannot be explained more straightforward than that.
Patent bet for beginners: How to bet
You cannot count on being profitable in the long term just because you will get a return from a Patent bet from only one winner pick. You need to apply specific tips and tricks so that you may enjoy reasonable returns. You can find some of them explained below.
- Back good value odds: If you can find picks that you believe are more probable than stated in the odds by the bookmaker, then it is a good sign that you should consider it. Always look for those, and don't go strictly with the short odds since they are not profitable in the long term.
- Stick to the familiar sports: If you have a reasonable knowledge of some sports, for example, football, you should search for your selections there. You can lower the risk of losing patent bets that way.
- Don't go high with your stake: Keep in mind to monitor your bankroll, and stick to the bankroll management strategy when you put Patent bets.
- Explore expert tips: If you don't have time to collect information about all your potential selections, check out if experts can help you. Billy's List provides you with professional tips, and you can sign up for free.
- Don't back only favorites: Although this approach can get you the return from a Patent bet quite often, it is not profitable in the long term. Keeping the odds low may not cover your initial investment even if you land all three winning picks.
Patent bet for professionals: How to bet
You had the opportunity to dip into just a few general tips and tricks to increase your chances of winning a Patent bet. However, it's time to learn more about several advanced strategies that have been developed by professional bettors. They may lead you to bogger profits in the long term or inspire you to figure out a brand new approach on your own.
You shouldn't avoid adding longer odds to your Patent bet. Although you are restricted to three selections with this wager, the good news is that you won't lose the entire bet due to just one bad choice. You would still have the chance of landing at least one winner bet, as you need one pick to be successful. However, if you manage to land high odds, then you can count on boosted returns as well, especially if you make one or two winner selections more. Tou shouldn't back impossible-to-happen markets; however, you may find exciting odds from the extensive daily offer.
Professional bettors also try to anticipate which one of their picks may let them down. You can make another Patent bet, with the same games, but you may put the opposite selection of your riskiest pick. Sometimes, you may hit significant returns and increase your bankroll in the long term.
Patent bet: Try it now at one of the top 5 betting sites
You can now see what a Patent bet is and how you can benefit from it. Don't hesitate to go straight to your online sportsbook and fund your account with some money. You don't need to make more than three picks, and you need just one correct prediction to win a bet. Place a wager and collect your returns.
The patent bet consists of three selections split into seven different wagers. When you place a Patent bet, you wager on three singles, three doubles, and one treble. You need to have just one winner pick to count on returns from this bet.
Placing a Patent bet is quite straightforward. After making three selections, the Patent bet option should appear. In the corresponding box, you should enter the stake and just hit the Place Bet button. It will save you time as you don’t need to waste it on placing seven separate wagers.
Since a Patent bet covers seven possible combinations, your total stake will be divided into seven equal parts. Each of those units represents the stake for every combination of a Patent bet. In other words, if you place a total of $7 on a Patent bet, the stake for each variety will be $1.
A Patent bet is suitable for any sport, including football, as one of the most popular ones. Whether you want to dip into the moneylines, points spread, or totals, you can add them to your bet slip. Therefore, you can put any NFL game in your Patent bet.
Both betting types belong to the same category, but there are slight differences. While you need all winner selections in an acca to count on returns, a Patent bet may bring you payouts with just one winner pick. It is because patent bet covers singles as well.
