The Yankee bet, meaning in its simplest terms is it is a type of racing bet that combines eleven bets from four separate events. When making a Yankee bet, each selection must have the same value, and at least two selections must be correct in order for the bet to payout.
In this article, we will explain what is a yankee bet in greater detail, explain how a yankee bet works, how to calculate a yankee bet, explain the differences between a yankee bet, a super yankee bet and lucky 15 bets.
What is a Yankee Bet?
As mentioned, a yankee bet is a multi-bet consisting of eleven bets on four separate events. As a yankee bet has four separate events, each has the opportunity to produce a return if fifty percent of the selected runners are winners.
To break down a yankee bet, the eleven bets are made up of one fourfold, four trebles, and six doubles. To explain this further, your four selection yankee bet will look something like this:
- 👉 Fourfold – Any fourfold of 1+2+3+4
- 👉 Trebles – Any treble combination of 1-2-3, 1-2-4, 1-3-4, or 2-3-4
- 👉 Doubles – Any double combination of 1-2, 1-3, 1-4, or 2-3, 2-4, 3-4
How Does a Yankee Bet Work?
As often is the case for players new to betting, they frequently will question how does a yankee bet work. Unlike an accumulator bet that only pays out if every selection wins, a yankee bet does not require all four selections to win in order to payout.
👉 For example, if you selected horse A and B for race 1 and 2 and horse C and D for race 3 and 4, if horse A and B won, you would receive a payout on the double they created. Similarly, if horse A, B and C won, you would be paid on the single treble and three doubles they created. Likewise, if horse A, B. C and D win, you would receive a payout on one fourfold, four trebles and six doubles.
How to Calculate a Yankee Bet?
Before placing a yankee bet, it is always advisable that you calculate the potential payouts based on the odds and the amount being staked. To calculate a yankee bet, you will first need to preview the selections you wish to bet on, then proceed to:
- Log in to your bookie account.
- Locate a Yankee bet calculator and enter the staked and the odds.
- Calculate the potential outcome.
While many betting sites offer a calculator, you may some that some bookies have overlooked this option. In this case, third-party yankee calculators are widely available among the useful betting tools and easy to use and generally will provide options for single bets, each way bets, odds and the amount staked.
Can you Do an Each-Way Yankee Bet?
Yes, you can do an each way yankee bet by selecting the Each way box beside yankee on the betslips that offer such feature. However, this will depend on the bookie, but for those offering this option, bettors should recognize that the number of bets placed will be doubled to 22.
It means that the amount you are staking will be multiplied by 22, so take this into account before placing your bet.
As an alternative, you can back some of your selections to win and the others as each way. If opting for this over an each-way yankee bet, you will need to select the Each way beside each selection in question, which in essence, will keep the number of bets you are placing at 11.
The Drawbacks of a Yankee Bet – The downsides of the bet type
While yankee bets can return some serious profits, they are not without their drawbacks. For starters, when compared to traditional accumulator bets, yankee bets have lower odds, although the lowered risk of your stake lessens this.
Another drawback to the yankee bet is that you are placing eleven separate bets, meaning that unless two or more selections win, you’ll lose on all eleven bets versus just one.
Difference between a Yankee Bet and a Lucky 15
At first glance, there are many similarities between a Yankee bet and a Lucky 15 bet. Both bet types are made up of four selections, but the main difference between the two is that a yankee bet is a little more budget-friendly.
Unfortunately, neither will pay out if at least one of your selections fails to materialize. However, if you are confident your selections will produce two more winners, a yankee bet is the better of the two.
Difference between a Yankee Bet and a Super Yankee
There are several notable differences between a yankee bet and a super yankee bet. Namely, a yankee bet includes four selections and eleven bets, while a super yankee bet features five selections and 26 bets.
FAQ about Yankee Bets
How do you win a Yankee?
You will win a yankee if two or more of your selections win.
Do you get a bonus for a Yankee bet?
No, most bookmakers do not offer a bonus for a yankee bet.
How does a Yankee bet payout?
A yankee bet payout will take place at the conclusion of all races and will be determined based on the combined odds and the amount staked.
How much does a Yankee bet cost?
A yankee bet will cost eleven times the amount you wish to stake on each selection.