What Is a Yankee Bet: Yankee Bet Type Explained
Sports betting is an exciting world where you've got numerous opportunities to utilize strategy or various tools in order to try and boost your chances of winning. And one of those options available to you is the Yankee bet allowing you to get a potential return even if two of four selections you've made turn out to be correct. It's commonly used for bets on horse racing and football but it's not as widely known as the standard bet. And if you've heard about it but haven't tried it out still, here we're going to show you all you need to know about it.
How does an Yankee Bet work?
The Yankee is a form of multiple bet where you pick four selections and you combine them in various ways to cover any possible outcome and try to guarantee yourself a win. That differs from the Lucky 15s type of bet where you've got four more single bets for each of the selections you've made.
Using a Yankee bet is a popular strategy for sports betting, especially on football and horse racing because it requires only two selections to come true for you to win.
All you need to know about Yankee bet explained
Let's now elaborate further on what an Yankee would look like and how this type of bet would work in different scenatios.
With the Yankee bet you're actually placing 11 wagers at once: six doubles, four trebles and one four-fold accumulator. That way you're making four selections with each of them appearing with the four-fold accumulator, as well as with three of the doubles and just as many of the trebles.
It differs from a standard acca wager, though. With the regular accumulators each of the legs should win or your bet fails. With the Yankee, though, even if one leg fails, you'd still have a chance of winning depending on your other selections.
Yet, because of this difference, all 11 bets within the Yankee require the same amount of wager to be placed. That's why a £1 Yankee bet requires you to wager £11 in total.
Now, remember, the Yankee bet contains selections made on different events. If you'd like to wager on the same event, you'd have to use the Bet Builder function. And there are even plenty of bonuses tailored to this type of betting, such as the opportunity to get £50 in free Bet Builders on a qualifying wager, 2 x £10 bet tokens on first deposit and many other similar bonuses.
Yankee bet example
Let's now take a look at a quick example what shows you how the different bets in a Yankee are combined. If you, for instance, decide to bet on Arsenal, Chelsea, Liverpool and Man United to win their matches this weekend, then you'd be able to place a Yankee bet consisting of several combinations.
For the doubles those are:
- Arsenal and Chelsea to win
- Arsenal and Liverpool to win
- Arsenal and Man United to win
- Chelsea and Liverpool to win
- Chelsea and Man United to win
- Liverpool and Man United to win.
For the trebles you're getting:
- Arsenal, Chelsea and Liverpool to win
- Arsenal, Chelsea and Man United to win
- Arsenal, Liverpool and Man United to win
- Chelsea, Liverpool and Man United to win
And then you've got the fourfold acca where you're betting on all the teams above to win their matches.
Yankee Bet calculator: How to work out your winnings when you make a Yankee bet?
Since the Yankee bet is a type of multiple where you can win even if not all your selections are correct, the potential winnings vary greatly. That's why using a Yankee bet calculator to see what potential return you'd be getting for a given stake per bet is a great choice. And there are plenty of online tools which will calculate it all for you when you just enter the amount you choose to bet with. Once you've entered the data, the Yankee calculator automatically works out how much you can get in return provided you've guessed two, three or all four of the selections right.
Now, of course, you don't have to just input how much the Yankee bet costs per a single wager (in other words, how much you'd like to bet per one leg). You need to also provide the type of bet you're making, whether it's an each-way or not, as well as what are the odds on each of the selections. This is what allows the tool to properly calculate how much can you win with one bet placed at certain events and with a given stake.
What alternatives are there to placing a Yankee Bet online?
There are different types of bets alternative to the Yankee:
- Super Yankee: It has not 11 but 26 bets and you'd have to make five selections which are combined in ten doubles, ten trebles, five fourfolds and one fivefold accumulator. It's also called a Canadian bet.
- Lucky 15 bet: That's another bet slip with 4 selections which are split into four single bets, six doubles, four trebles and one four-fold accumulator. It also provides a return even if three of your selections fail.
- Bet Builder: That's a type of multiple bet where you're picking selections from the same event but all the separate bets (legs) should win in order for you to get your return. If one of them fails, the whole bet fails.
Of course, there are many other kinds of bets available, such as your standard accumulator where you're picking selections from various events and all of them need to come true with the potential payout being exponentially higher with each next selection you've made.
What benefits does the Yankee bet offer?
The Yankee bet provides several main benefits and one of them is, of course, if the opportunity to win a lot more. Yes, if only two of your selections offer some return, it might be actually lower than the total amount of your wager even if you've placed a small bet. If three are to be successful, though, you'd get a larger payout because you generate return on the doubles and the trebles. The max payout is, of course, when all four selections win because then all the bets placed will return money.
That's quite a popular way to make a small bet in the UK sports betting sites and get quite a huge potential return. For example, if you place a min £10 bet on selections of 2.0, 1.5, 3 and 1.5 odds, your winnings can reach £660. And with the same odds if you place bet worth just £1 (for a total bet of £11 since there are 11 legs), then the potential payout is £66.
Yankee bet FAQs
Can I place an each-way Yankee bet?
Yes, each-way bets are popular in horse racing and the Yankee bet gives you a chance to wager on them using the same system as for win-only.
Can I place a Yankee horse racing bet?
Yes, the Yankee bet is most commonly used on horse racing. You'd be easily able to place an easy-way or win-only Yankee bet.
Does Yankee works for multiple bets?
The Yankee bet IS one of the multiple bets. In contrast to single wagers, the Yankee consists of 11 individual bets combined together in doubles, trebles and an accumulator which already makes it a multiple bet.
How much does it cost to place an each way Yankee bet?
With such wagers the price will be higher since if you want to bet, say, £1, you'll have to place £1 on all possible combinations within your bet slip. That's why a £1 each-way Yankee costs £22 because there are, effectively, 22 different bets.
