Yankee Bet Explained: What Is a Yankee Bet?
A Yankee bet is a wager on four selections that includes 11 separate bets. At least two of the four selections must win for any money to be returned. It is similar to a Lucky 15 bet, only without the single bets. Each Yankee bet will cost 11 units to place. Your bet will be divided into 11 separate and equal selections: six doubles, four trebles and one four-fold accumulator.
How Does a Yankee Bet Work?
An easy way to think of this bet is to imagine picking 4 teams, A, B, C, and D.
This bet consists of these selections:
- Double (2 selection) bets on teams
AB, AC, AD, BC, BD, and CD
- Treble (3 selection) bets on teams
ABC, ABD, ACD, and BCD
- Fourfold accumulator (4 selection) on teams
If only one team wins, none of the above selections will pay out. So, you do need at least two of the teams to win for a payout to trigger.
Each double bet works like this: you choose two teams (A and B). These two teams are “linked” in that you either win both, or collect a payout, or one loses, and the bet is a loser. If team A wins, your original stake plus any profits are rolled over and automatically bet on team B.
We have team A at +200 , and team B at +300 , it will work this way: 1 unit is wagered on team A at the +200 odds and they win. Now you have 3 total units (your original 1 unit and the 2-unit profit). This 3 units is then wagered on team B, and if they win then you win a total of 9 units (3 units wagered at +300 ).
The math is exactly the same for a treble and the fourfold. In this case, all three (or four) teams will have to win, or else the bet loses. Your profits are similarly rolled over until the bet is complete and the payout is reached.
How Does an Each-Way Yankee Work?
As every bet is an each-way bet, you will be making a total of 22 bets rather than 11. This means the stake is double that of a normal Yankee bet. It also means you will secure a payout for each horse that places as well as every horse that wins.
As online bookmakers usually offer 1/4 or 1/5 for the place part of each-way bets on horse racing, this means a £1 each-way bet (£2 in total) on a horse with odds of +500 pays out at evens if your horse places. This means your return would be your £1 profit, plus the returned £1 stake for your winning place bet.
How to Work Out a Yankee Bet
The payout for your Yankee bet can vary wildly, depending on the odds of the teams you select. If you have a Yankee featuring mostly heavy underdogs, your chances to hit are slim, but the payout will be astronomical if even two teams manage to win.
Using teams with shorter odds increases the chance of a payout, but also reduces the amount of money that is returned. It is a delicate risk/reward balance that must be considered before placing your bet.
Let’s just take a double and use two examples to explain what a big difference this can make.
In the first double, team A is even money ( +100 ) and team B is a +300 underdog.
Team A wins, and team B also wins, resulting in a payout of 6 units. Not bad, right?
Now in the second double, team A is again even money, but now team B is a whopping +1500 underdog. After team A wins, your 2 units are then wagered on team B, which wins and nets you a payout of 30 units! Your payday just went from “not bad” to “I’m buying the next round!”
Yankee Bet Calculator – Quickly Work Out Your Winnings
There are various calculators available online that can help you check your odds before placing your Yankee bet. These calculators can come in handy because the odds are not always even ( +100 ). So, if you have a Yankee with various favourites or underdogs involved, you will need to check the odds or figure them out on your own to check your possible payouts.
At SBO.net, we have developed an easy-to-use bet calculator that makes it easy for you to calculate your returns. Here’s how to use it to calculate your Yankee winnings:
Conclusion: Why Make a Yankee Bet?
Now that you know what a Yankee bet is and how to calculate your winnings, we’d like to conclude by addressing why Yankee betting is such a good idea.
The main benefit of placing a Yankee bet is that it increases your chances of securing a return on your stake. While traditional accumulators require every selection to win, a Yankee bet presents an opportunity to profit even if one or two of your selections lose. As long as two of your four selections win, you will receive a return. Of course, the odds of your selections will determine if you profit or not.
A Yankee bet comprises 11 bets on four sections in different events: six doubles, four trebles and one four-fold accumulator. As it’s an 11-unit bet, a £1 Yankee will cost £11 in total. This means a £1 each-way Yankee costs £22.
Although a Yankee bet is cheaper than a Lucky 15, it also contains four fewer selections. With a Lucky 15, you cover the same combinations as a Yankee and bet on each of your four selections as singles. This means you will receive a return if one selection wins, whereas a Yankee bet requires two winners.
Also known as a Canadian bet, a Super Yankee comprises 26 separate bets on five selections in different events: 10 doubles, 10 trebles, five four-folds and one five-fold accumulator. At least two of your selections must win to secure a return.
The Yankee bet is reportedly named after an American soldier who placed a small bet in the UK and ended up winning hundreds of thousands because of the multiple rollover mechanics at work.