What Is A Yankee Bet?
Want to know what a Yankee bet is, how to place it and why you might want to place one? Then check out our complete guide to Yankee bets. You can use the following links to skip through the article:
What is a Yankee Bet?
A Yankee is a bet which allows you to combine four selections into a multiple bet comprising of six doubles, four trebles, and an accumulator containing all four selections. This is a total of 11 bets for a win Yankee or 22 bets if you place an each-way Yankee.
Most bookies will let you choose Yankee selections on a wide range of sports such as horse racing, football, tennis, and rugby. Many will also let you place multi-sport Yankees, allowing you to combine your fancied selections from a variety of sports into one bet.
For the purpose of illustrating this, consider your four selections to be called A, B, C, and D, and you can see how these selections are combined in the example of a Yankee bet below. The “Xs” mark which selections are used in each bet.
Cost of a Yankee Bet
When placing a win Yankee, you simply multiply your stake by 11 to get the total cost of your bet. If you want to place an each-way Yankee, simply multiply your stake by 22. For example, a £1 win Yankee would cost £11 and a £1 each-way Yankee would cost £22.
Advantages of a Yankee Bet
The main advantage of a Yankee is it allows you to combine four selections in multiple ways that can result in small and large wins. You’ll get some money back if two of your selections win or place, but you’ll have the chance to land decent winning bets with your trebles and accumulator. Yankee bets are especially popular at big horse racing meetings, where you get the chance to combine selections at big odds.
For example, imagine all those big juicy handicaps at the Grand National Meeting at Aintree over the jumps or at Glorious Goodwood on the flat. You could easily combine winning selections at say 10/1, 12/1, 14/1, and 16/1. A £1 Yankee on those four selections would cost £11 and return £48,316.00. A £1 each-way Yankee would pay £48,728.90 if each-way terms were a 1/5 of the odds. Even if all four of those selections only placed, you’d still get back £312.90.
You could also have all sorts of combinations of winners and placed horses that would offer a variety of different sized payouts.
Example of a Yankee Bet
Let’s say we decide to back the four favourites in the first 4 races at Goodwood? Here they are:
If we were to put £5 on each horse and all 4 were to win then we’d pick up £54.79 profit roughly. If, however, were to place that total £20 stake into a Yankee (£1.81 per bet) and all four were to win then we’d end up winning £817.29. That’s quite a jump!
But what happens if one of them loses? Let’s assume the 7/2 selection loses, our Yankee would still return £116.82. If two of them lose, this is where singles will be at an advantage. Depending on the odds, you need at least two, and in some cases three, of your selections to win.
If you want to guarantee a profit if THREE selections win then you need each selection to be around EVENS. If you want to guarantee a profit is TWO selections win then you need each selection to be around 5/2.
If only ONE selection wins then you will lose your total stake, unfortunately.
Summary of a Yankee Bet
– A Yankee is a multiple bet combining six doubles, four trebles, and a 4-fold accumulator
– A Yankee bet consists of 11 bets (or 22 bets if it is an each-way Yankee)
– A Yankee bet offers a variety of payouts from small ones to big ones
– You can place Yankees on a variety of sports and they’re especially popular at big horse racing meetings
– You can often combine selections from different sports into a Yankee bet with many bookmakers