Yankee Bet Explained
Have you ever wanted to place a combination wager? Then a Yankee bet is one of the options to consider. This guide delves deep into the system, the prospective return and how to use it for horse racing and other sports.
Best Bookies for Yankee Bets
Not every online sportsbook is the right one for Yankee bets. So, know how to choose the one that provides you with the best value. Below is a table with the best of online bookmakers where punters can play the system bet. We ensure that all bookmakers in this list are licensed and regulated.
|Bookmaker||Welcome Bonus||Highlights||Rating||Visit Bookmaker||T&C|
|TonyBet||£200||Markets: 88, Bet Types: 30, Odds Levels: 95.13%||5.0 out of 5||www.tonybet.com||Full T&Cs Apply! *New customer offer. First deposit and enter code TONY200. The deposit has to be wagered 10x on TonyBet betting markets with odds of at least 1.65 within 30 days in order to activate this bonus. Please gamble responsibly. 18+|
|Betway||£10||Markets: 98, Bet Types: 41, Odds Levels: 93.75%||4.9 out of 5||www.betway.com||Full T&Cs Apply! *New customers only. Min Deposit: £10. First deposit matched up to £10. 1 x wagering at odds of 1.75+ to unlock Free Bet. Debit Card & PayPal deposits only. This offer is valid for 7 days from your new account being registered.|
|888sport||£30 Free Bet||Markets: 101, Bet Types: 39, Odds Levels: 93.75%||4.8 out of 5||www.888sport.com||Full T&Cs Apply! New customers only – Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply & Full T&C’s apply|
What is a Yankee Bet?
A Yankee bet is a type of system betting that combines 11 wagers across four events. All the selections are of equal value. The bet consists of six doubles, four trebles and a fourfold accumulator. As with most combination wagers, the Yankee bet is common in horse racing betting. However, it can work for various other sports.
You only have to know the right situation to apply it. Although the origin of the bet is unclear, it was popularised in the United States. A Yankee bet is designed to cover multiple selections, hence increasing your potential return. Therefore, your stake gets some form of a return even when only half of your selections pan out. As such, it’s an ideal choice when you want to put money on several events but are not sure all of them can win.
So, in four selections named A, B, C, D, a Yankee bet would look like this:
- Doubles – A+B, A+C, A+D, B+C, B+D, C+D
- Trebles – A+B+C, A+B+D, A+C+D, B+C+D
- Fourfold – A+B+C+D
When you place a Yankee bet, your total stake would be the cost of a single wager multiplied by the number of bets (11). Thus, if you are planning to bet £2 on a selection, then a Yankee would cost £22 (£2×11).For this reason, it get costly, especially if you are confident about the chose winners and want to capitalise fully. Using a calculator can make it easier to see the costs involved.
How Does a Yankee Bet Work?
Once you’ve seen a Yankee bet explained, then you will realise that it is not as complicated as it might appear. Of course, any punter with little or no experience with combination wagers may find a Yankee bet hard to grasp. For that reason, we compiled this comprehensive guide to explain Yankee betting in the simplest form.
First, you have to know that the bet requires four selections. Therefore, you should have several events from which to choose. As you wonder, ‘how does a Yankee bet work?’ you might want to know how to go about placing one. The process is easy once you know what the wager entails.
- After logging into your preferred online gambling platform, choose the odds format.
- Pick the markets that you wish to bet on. For example, in horse racing, it can be a winner, lost/void or dead heat.
- Enter the unit stake in the Yankee section.
- Confirm your bet and submit it.
Some punters confuse a Yankee with a Lucky 15 bet. Although they are both combination wagers that apply to four selections, they differ slightly. A Lucky 15 contains single bets. It has all the 11 wagers in the system plus another four, which represent a single bet for each selection.
How to Win with a Yankee Bet?
Winning with the system is less bewildering once you comprehend more than the basics. The bet requires at least two selections to win to generate any return. Of course, the more winning combinations you land, the better the payout. Consequently, you want to make sure that the picks you put in it have the highest chances of winning. The size of your stake also determines the return from the bet. You should consider the odds when deciding which type of selections wager to fund and use a calculator to determine your staking strategy. If the selection doesn’t have great odds, then a win-only Yankee bet is recommended. However, for picks with longer odds, an each-way bet would be more suitable.
Punters should know that even though two winners will bring a return, it will most likely be less than your whole stake. A common question when discussing Yankee bets is why shouldn’t you consider a fourfold accumulator instead? Although a four-selection multiple would have a big payout if it wins, it is restrictive. Like any traditional acca, it requires all picks to win. On the other hand, the system has 11 winning combinations.
Yankee Bets in Horse Racing
Horse racing betting is where the system have a huge presence. For the punters who love horse racing, the bet can prove to be worthwhile. So, how do you bet a Yankee in this market?
Let’s say you want to punt on four races in a meet. Whispering Death, The Entertainer, Harry the Giant and Pebbles are the four selections. If you are to get any payout, you need two winners. Note that a non-runner won’t affect the rest of the bets. For example, if a winning double includes a non-runner, then you would be paid the value of the single winner.
As with any other multiple bets, the Yankee requires you to get several selections correct to receive any sort of payout. Therefore, you should be fairly confident about the choices you make when you place a Yankee bet. Familiarise yourself with relevant information about the horses participating in a race. Before gambling, learn about the horses’ forms, the stables and the jockeys. In handicap races, know about a particular horse’s rating. Learn about the different courses and how certain animals handle them. Having all this information doesn’t guarantee success. However, it prevents you from being impulsive when putting together multiple wagers.
An Example of a Yankee bet
Since you have seen a Yankee bet explained for horse racing, now it’s time to see how it would work in football. As one of the most popular sports, it makes sense that bettors would want to use the multiple system bet for football gambling. The following Yankee bet example uses four European matches. These are Real Madrid vs Leganes, Hertha Berliner vs FC Bayern, Monaco vs PSG and Tottenham vs Chelsea.
From the selected games, we choose to bet £5, which means the stake is £55. Our chosen winners are Real Madrid at 1.40, FC Bayern at 1.55, PSG at 1.25 and a draw between the last two teams at 3.50. So, if Real Madrid, FC Bayern and Chelsea are victorious and PSG draws then we have a winning double. The payout from this selection would be 5 x 1.40 x 1.55 = £10.85. Since your bet was £55, then this return is a loss. However, if in the above scenario Chelsea drew, then that would mean higher returns. You would have three doubles and a treble. So, the payout would be 10.85 + 5 x 1.40 x 3.50 + 5 x 1.55 x 3.50 = £62.45 plus the treble, 5 x 1.40 x 1.55 x 3.50 = £37.95 giving you a total of £100.4. If all the selections turned out as predicted, then the return would be £266.29, which is a significant profit. As you can see, the math is quite comprehensive. We suggest using a Yankee bet calculator to make it easier.
Our Conclusion to Yankee Betting
If you came to this guide wondering “what is a Yankee bet?”, you should be more than familiar with it now. This type of multiple betting system has its benefits, but it’s not for every punter. Without a clear understanding of how combination wagers work, it can be confusing. The basics to remember is that you can apply the system across four selections. With six doubles, four trebles and a fourfold accumulator, the bet allows you to spread your risk efficiently.
They’re most popular in horse racing betting, but it is not exclusive. You can use the bet on various other sports from football to ice hockey to cricket. However, learn to identify markets that would benefit from its usage. Due to the system’s structure, the wagers are ideal when looking to increase your potential winnings across different events. Before you place a Yankee bet, though, use our calculator betting guide to work out the value to see if it warrants the cost.
If you’re interested in using the system, we suggest reading through our guide to the best gambling sites. We break down the pros and cons of each, and help you decide where to play before you make an account.
- Fast Bet Placement
- Easy to Calculate
- Plenty of Markets
FAQs to Yankee Bet Online
How much does a Yankee bet cost?
A Yankee wager contains 11 bets of equal value. So, whatever you plan to spend on one bet applies to all the others. The cost of your entire stake is 11 times the price of one bet. Consequently, a £1 wager on a selection comes to an £11 Yankee. Due to the potentially high cost of a Yankee bet, take the time to evaluate your budget before placing it. Remember that your stake influences the payout.
How many bets are in a Yankee?
A Yankee bet contains 11 wagers in total. You get your picks from four different selections. A Yankee consists of six doubles, a quartet of trebles and one fourfold. It is a system wager that allows you to hedge your bets on different events. Due to the number of bets in a Yankee, it is suitable when playing markets with short-priced odds. A Yankee doesn't include singles but rather focuses on spreading your staking power on several multiples. Note that in each-way Yankee bets, you have twice the number of bets. Therefore, the bet would have 22 picks.
Is a Yankee a good bet?
A Yankee bet can be a lucrative way to wager on several sports. One reason because it diversifies your risk. When you want to bet on more than one selection, you have to minimise the risk as much as possible. In some system bets, if one pick loses, so does your entire stake. However, with a Yankee bet, you only need at least two selections to succeed to generate a return. For this reason, a Yankee is a suitable wager if you have a good feeling about several winners. It is also worth considering if the odds for single wagers are short and thereby will result in a small payout. The bet multiplies your odds.
What is an each-way Yankee bet?
In an each-way Yankee, every wager is an each-way bet, meaning that you have a stake unit on a selection to win and another to place. So, you have a total of 22 bets because you have two picks for each one. For this reason, the money you spend on an each-way Yankee is double that of a straight one. If a single bet is £1, then the entire bet slip will cost you £22 (2(11 x 1). In an each-way bet, if any of the four selections finish in place positions, then you can expect a payout. However, not all sports or online bookmakers offer each-way betting. Therefore, punters should find the most suitable markets and websites for the best value. Click here for a more detailed description of the types of Yankee bets.
What is a Yankee combination?
In a combination bet, you place separate stakes on multiple picks. Even if one selection loses, the bet still pays out. With Yankee bets, the combination is for 11 wagers that make up six doubles, four trebles and a fourfold. See our example on how to win using Yankee combinations.