What is a Patent Bet in Horse Racing?
A patent bet in horse racing is a type of multiple wager that involves three selections, covering seven individual bets in total: three singles, three doubles, and one treble. This format ensures that even if only one of your chosen horses wins, you still collect a payout on that successful single. By combining multiple bet types into one ticket, the patent bet offers both beginners and experienced bettors a balanced approach, blending lower-risk singles with higher-potential doubles and trebles.
How Does a Patent Bet Work?
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Pick Three Horses
- Select three horses, which can be from the same race or different races, depending on the betting options available.
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Breakdown of the Wager
- 3 Singles: One bet on each horse to win.
- 3 Doubles: Combinations of the three horses in pairs (Horse A & B, B & C, A & C).
- 1 Treble: All three horses must win to cash this portion of the bet.
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Multiple Ways to Win
- If only one horse wins, you receive a return on that single bet.
- If two horses win, you collect on both their singles and one double.
- If all three horses win, you cash in on all seven bets, including the treble.
Why Consider a Patent Bet?
- Security and Upside
- You still earn a payout if only one selection wins, while doubles and the treble offer a shot at higher returns for multiple winners.
- Simplified Multiple Betting
- A patent bet bundles together singles, doubles, and a treble in one ticket, saving you the effort of placing separate bets.
- Beginner-Friendly
- The patent bet is more accessible than more intricate multi-race wagers, making it a good introduction to combination betting.
Tips for Making a Patent Bet
- Mix Favorites and Value Picks
- Pairing a strong favorite with mid-range or longshot contenders can yield higher returns if all perform well.
- Assess Each Horse Thoroughly
- As each horse is involved in multiple lines, be sure your selections show consistent form or have strong stats to back them up.
- Set a Budget
- Patent bets can be costlier than single wagers because you’re placing seven bets in total; plan your bankroll accordingly.
- Monitor Race Conditions
- Track updates, such as a shift from fast to sloppy going, can influence each horse’s performance and affect your potential payout.
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