Yankee Bet Explained
A Yankee bet allows both expert and beginner bettors to win multiple wagers. Learning what is and how to place the Yankee in this guide is imperative.
There are several benefits of the Yankee in horse race betting, including the huge potential payout. In this guide, you’ll see Yankee bet explained and the appropriate way to use it.
What is Yankee Bet?
For a significant advantage in horse race wagering, you should ask, “What is a Yankee bet?”. A Yankee involves 11 different wagers with equal value on selections in 4 events. The four events include 6 doubles, 4 trebles, and a fourfold accumulator. In the Yankee wager, there need to be 2 or more successful selections to give a return.
The Yankee’s trebles and fourfold ensure that the returns can leap remarkably if the bettor lands over 2 winners. Note that the Yankee typically ignores singles and focuses staking power on more profitable multiple bets that provide more significant returns.
How Yankee Bet Works
The Yankee has its advantages and drawbacks, but it’s an ideal wager for backing selections that don’t give massive returns as single bets. For this reason, it’s essential to ask, “How does a Yankee bet work?” The fundamental principle of the Yankee wager is that punters need to be accurate on multiple fronts.
If you want a payout on the bet, a minimum of two of your wagers should be accurate. Depending on your expertise and the volatility of horse racing, making 2 correct selections may come easily.
For this reason, it’s essential to have a good knowledge of the horses, jockeys, and other crucial parts of the horse race. Before benefiting from the Yankee, you need to create an account with a reputable sportsbook like 888Sport, Betway, or Paddy Power and enjoy their offers.
Yankee Bet in Football
The Yankee bet in football follows the fundamental principles of the wagering type. You can take all the combinations of 4 teams in soccer instead of taking one wager multiple with 4 teams. The combination bets for the teams result in 11 different stakes.
When using football bookmakers, here are the steps to follow for a Yankee football bet:
- Create an account with a bookie for football, like Betway or 888Sport.
- Select suitable soccer matches and choose from the bookie’s odds.
- Enter the betting amount.
- Place the wager.
Yankee Bet in Horse Racing
Placing a Yankee bet in horse racing is similar to the steps you need to wager in soccer bookmakers. In most cases, punters place Yankee wagers on horses, and it’s easy to understand. Ensure that you pick 4 appropriate horses across 4 various races. If 2 of them win, you will receive a payout.
Here are the steps to follow when placing a Yankee horse bet:
- Create an account with one of the reputable horse racing bookies.
- Select suitable horses in various races from the bookie’s odds.
- Enter the betting amount.
- Place the wager.
How to Calculate a Yankee Bet
One of the most advisable ways to calculate a Yankee bet is by using a calculator. With the calculator, you can know the appropriate payout on your wagers. If you don’t want to use a calculator, you can start by converting fractional odds to decimal if that’s what you’re using.
When converting the fractional odds to decimal, the first step is to divide the top number by the bottom and add one. If you’re dealing with doubles, trebles, and four-fold, ensure you multiply the decimal odds for the appropriate selections.
After multiplying the odds for the relevant selections, you need to multiply the result by your unit stake. The calculation is common in the Irish Lottery involving Yankees.
If you’re placing a $2 wager per selection, your total stake in the Yankee is $22 for the 11 choices. For instance, the horses can be Frankel, Red Rum, and Kauto Star with odds of 1/20, ½, and 4/12. In the decimal odds form, 1/20 is 1.05, ½ is 1.5, and 4/12 is 1.33.
Your selections may be Frankel – Kauto Star, Frankel – Red Rum, Kauto Star – Red Rum, and Frankel – Kauto Star – Red Rum. Hence, for the selections, the results are (1.05 x 1.33) x (1.05 x 1.5) x (1.33 x 1.5) x (1.05 x 1.33 x 1.5) x $22 (your unit stake) = $202.218
Can You Place an Each-Way Yankee?
Yes, you can place an each-way Yankee, but every wager you place is an each-way bet in the each-way Yankee. Hence, you’ll have a stake that is double of the conventional Yankee (22 stakes). You’ll get the appropriate payout for every winning horse with the each-way Yankee.
It would be best to consider including the picks where the place payout of an each-way single is equal to or more than the unit stake. With the each-way Yankee, you can enjoy massive profits for little investments if you expressly study the form and pick the winners.
Example of a Yankee Bet
An example of the Yankee wager is betting on 4 different horse racing events, including the Royal Ascot, Cheltenham, Grand National, and Breeders’ Cup. With the Yankee, you can choose Frankel for the Royal Ascot, Kauto Star for the Cheltenham, Red Rum for the Grand National, and Swiss Skydiver for the Breeders’ Cup.
Here are the 11 combinations for the Yankee bet example on the horses:
- Frankel – Kauto Star
- Frankel – Red Rum
- Frankel – Swiss Skydiver
- Kauto Star – Red Rum
- Kauto Star – Swiss Skydiver
- Red Rum – Swiss Skydiver
- Frankel – Kauto Star – Red Rum
- Frankel – Kauto Star – Swiss Skydiver
- Frankel – Red Rum – Swiss Skydiver
- Kauto Star – Red Rum – Swiss Skydiver
- Frankel – Kauto Star – Red Rum – Swiss Skydiver
According to the selections, 1 – 6 are the doubles, 7 – 10 are trebles, and “11” is the four-fold accumulator. If Frankel loses, it leaves you with only 4 selections out of 11.
If 2 horses like Frankel and Red Rum lose, it leaves you with only one selection: “Kauto Star – Swiss Skydiver.” It’s essential to note that you need to have 2 or more correct choices for a payout and pay for the cost of every bet.
Yankee Bet Strategy
The Yankee betting strategies are crucial steps for the best outcomes in horse race events or football teams. For an effective strategy, you need to understand the Yankee bet meaning, the relevant circumstances, the horses’ ability, the jockey’s form, and the trainer’s skills.
One of the helpful Yankee bet tips is making 4 confident selections and ensuring that all four have a high capacity to payout.
Yankee vs Super Yankee vs Lucky 15
The Super Yankee bet is similar to the Yankee in some fundamental ways, but the difference is that it consists of 26 bets on 5 selections. Note that the conventional Yankee only has 11 other bets on 4 choices.
In the Super Yankee, there are 10 doubles, 10 trebles, 5 fourfold accumulators, and one fivefold accumulator. Like the conventional Yankee, 2 or more selections will also result in a payout. If you want to calculate your winnings in the Super Yankee, ensure you use the appropriate calculator.
Lucky 15 is a bet type that operates on the same principles as the Yankee. The difference between the Yankee and the Lucky 15 is that the latter also deals with singles. When placing a Lucky 15, you’re dealing with 15 bets on 4 selections.
The 15 selections for the Lucky 15 include 4 singles, 6 doubles, 4 trebles, and a fourfold accumulator. Unlike the Yankee, which requires 2 or more choices for a payout, the Lucky 15 only needs one or more.
Yankee Bet Advantages & Disadvantages
Yankee bet may be highly suitable for expert punters and beginners who love online horse race betting, but it has downsides. As a bettor, knowing the advantages and disadvantages of placing a Yankee is essential to avoid making inappropriate betting decisions.
Advantages of a Yankee Bet
Here are the significant pros of Yankee betting:
- It offers a high payout.
- Diversifies the potential risk of a selection losing in a multiple bet.
- Yankee increases the chances of a positive return of your wager when you’re confident of the majority of your selection
Disadvantages of a Yankee Bet
Here are some of the cons of placing a Yankee wager:
- It requires a higher stake from the punter.
- You need a Yankee bet calculator to know your winnings.
When Should You Place a Yankee Bet?
Placing a Yankee bet is easy when you understand the appropriate strategy. It’s advisable to place a Yankee bet when you know the Yankee bet rules, the sport, which could be football or horse racing. It would be best if you also placed a Yankee bet when you’re confident of your 4 different selections. Some bookies may also provide additional offers like free bets to help you win more from your preferences.
Frequently Asked Questions
How to place a Yankee bet?
You can place a Yankee bet by creating an account with a football or horse racing bookie. Ensure that you choose 4 different selections appropriately from the bookie’s odds and enter your betting amount for the choices. After taking those essential steps, finalize the betting process.
What sports are relevant for placing a Yankee bet?
The most relevant sports for placing a Yankee bet are greyhound racing, football, and conventional horse racing. The fundamental requirement for setting a Yankee bet is having 4 selections, 4 football teams, or 4 potential winners of the different horse racing events. Ensure you understand the sport and competition before placing the bet.
How many bets are in a Super Yankee?
There are 26 bets in a Super Yankee on 5 different selections. The Super Yankee involves 10 doubles, 10 trebles, 5 fourfold accumulators, and one fivefold accumulator. In the Super Yankee, you’ll get a payout when 2 or more selections in your wager are accurate.
How to work out a Yankee bet?
It would help if you worked out your Yankee bet by using a calculator to know your selections’ appropriate payout. You can also convert the fractional odds to decimal and multiply the odds by the proper choices, which may be doubles, trebles, or fourfold. Note that you can convert the fractional odds to decimal by dividing the denominator’s numerator and adding one.
What happens to a Yankee bet with a non-runner?
A “non-runner” is a horse that should take part in a race but gets withdrawn. When you place a Yankee bet with a non-runner, the payout doesn’t go onto the three other runners. In other words, all of the 11 wagers still hold.