There are a number of ways to bet in horse racing of course, and you’ll often hear people talking about a Patent Bet, but you might not know exactly what this is.
Well, don’t worry, we’re here to explain all for you, so here goes.
A Patent bet is where you select three horses and you’re backing all of them to win, but spreading your bets out into all the combinations they make.
In many ways, it’s similar to a Lucky 15 and a Yankee bet as you’re betting on a number of outcomes, but it isn’t quite as big as here, there’s only seven selections.
So, you bet on three horses using a Patent bet, this means you’re betting on each horse in a single bet, as well as the three doubles that can be made up and then one treble.
As you’re placing seven bets, your stake is, it will be multiplied by seven. If you manage to pick three winners, you’ll see some cracking returns, but it’s always worth making sure you’re getting some decent value.
That way, if you have a couple of winners and not three, you’re sure to see some decent return.
It’s an extremely popular way to bet, you just have to remember you are betting on three horses and will see your stakes multiplied by seven.