Yankee Bet Explained
“What is a Yankee bet?” This is a question we receive in our inbox almost every day, so we thought it would be a good idea to create a detailed guide and address everything from how a Yankee works to the benefits and drawbacks of placing this type of bet.
We’ll also explain how to calculate your winnings, the difference between a Yankee bet and Lucky 15s and Super Yankees, and everything else you need to know.
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What Is a Yankee Bet?
A Yankee 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.
A Yankee costs 11 units. 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 four teams: Team A, B, C, and D.
This bet consists of these selections:
- Double bets on teams: AB, AC, AD, BC, BD, and CD
- Treble bets on teams: ABC, ABD, ACD, and BCD
- Four-fold accumulator on teams: ABCD
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.
The math is exactly the same for a treble and the four-fold accumulator. In this case, all three (or four) teams must 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 and 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 6.00 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.
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 (2.00). 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:
Select Your Bet Type
Our bet calculator supports 32 bet types. Yankee is one of these options. Click ‘Yankee’ and the Yankee calculator will appear instantly.
Enter Your Stake
Enter how much you want to bet in the input box. If you want to place an each-way Yankee bet, click the checkbox to confirm.
Enter Your Selections
Enter the odds for each of your four selections. You can easily switch between fractional and decimal odds. You also have the option to enter the each way odds for your bet and whether your selection came first.
Calculate Your Returns
Finally, it’s time to click the ‘calculate’ button. You will then see your total outlay (how much you bet), your total returns, and the amount of profit you’ve made (fingers crossed!).
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.