Yankee Bets Explained
If you are new to betting, a Yankee bet can appear to be overwhelming and complicated. But once you understand its details, getting the hang of it becomes simpler.
Let’s walk you through everything related to Yankee bets - What they are, how they work, and more. We will also answer some of the most common questions related to Yankee bets. So, let's get started!
What is a Yankee bet?
Simply put, a Yankee is a multiple betting system that allows you to place multiple bets at the same time. A single Yankee bet contains 11 wagers of equal value that you can place on four different selections. The 11 wagers include 6 double bets, 4 treble bets, and 1 four-fold accumulator.
Since every Yankee is a combination of 11 wagers, a £1 Yankee bet will actually cost you a total of £11. Furthermore, a Yankee lacks the element of a single bet. So, the punter will only achieve a return when at least two out of these four selections are successful.
How does a Yankee bet work?
A Yankee bet is based on a simple formal - the larger the number of bets placed, the greater the chances of you making a higher return. We have already established that every Yankee bet contains 11 bets that are divided between four selections.
Now, let's suppose your selections are W, X, Y, and Z. Here's what it will look like:
· 6 double bets - W+X, W+Y, W+Z, X+Y, X+Z, Y+Z
· 4 treble bets - W+X+Y, W+X+Z, W+Y+Z, X+Y+Z
· 1 four-fold accumulator - W+X+Y+Z
Almost every UK-based bookie will offer you the option to place a Yankee bet online. After you have guessed and finalized your selections, you have to place them on your betting slip. Then, you have to simply enter your bet and wait for the results. You will be paid out of either two or more than two of your selections win.
A huge advantage of a Yankee bet is that it diversified your risk. Even if one of your selections loses, you still have a chance of making a profit. It is not possible in a traditional bet where you can only back a single selection.
In addition, if any of your two, three, or all your selections end up winning, you can enjoy substantial profits. In short, placing a Yankee is a great way to boost your staking power and improve your chances of earning big returns.
What is the difference between a Yankee bet and a Lucky 15 bet?
A Yankee bet shares several similarities with a Lucky 15 bet. They are both multiple bets and consist of four selections. However, there are certain factors that differentiate a Yankee bet from a Lucky 15 bet.
· For starters, a Lucky 15 is made up of 15 bets including 4 single bets, 6 double bets, 4 treble bets, and 1 four-fold accumulator. A Yankee bet (like we said above) also contains the same bundle of bets minus the 4 singles.
· A Yankee bet is comparatively cheaper than a Lucky 15 bet. A Yankee bet contains 11 selections while a Lucky 15 bet is made up of 15 wagers. Naturally, you'll have to pay £15 to place a Lucky 15 bet while a Yankee bet will cost you £11, making itself a cheaper option.
· When it comes to a Yankee bet, at least two of your selections to win for you to make a return. It has no place for single selections. But a Lucky 15 bet does! Even if one of your selections wins in the Lucky 15 bet, you will get a return. So, while a Lucky 15 bet will cost you more, the chances of you making a return are also higher.
So, that was all about Yankee bets. We hope this piece cleared some of your doubts about the Yankees. In case you are still wondering when should you go for a Yankee bet, we have a quick tip for you. You should place a Yankee bet when you are confident that two or more of your selections have a shot at winning. When you are sure that backing a single wager will result in a loss or very low return, it should be your cue to place a Yankee bet!
Yankee Bet FAQs
a. Can you place an each-way Yankee bet?
Yes, you most definitely can place an each-way Yankee bet! When you place an each-way Yankee bet, the number of your best gets doubled. This means you will be placing 22 bets instead of 11. It implies that you are backing all your selections twice. Once for each of them to win and again for them to place.
Apart from that, everything else remains the same. Each-way Yankees are incredibly popular in horse racing. When you place an each-way Yankee in horse racing, you will receive a return for every horse that places and for all the ones that win.
b. What happens to Yankee bets with non-runners?
Each of your 11 wagers will still stand, even if you have a non-runner in any of your Yankee bets. When you have a non-runner, your bets are settled excluding that non-running selection. So, a treble bet becomes a double and a double bet becomes a single. Here's how it works out:
· If you have one non-runner and one winner in a double bet, you will receive the price of the single winner.
· If you have a non-runner and two winners in a treble bet, you will receive the value of the double that the two winners would create.
· Finally, if you have a non-runner and three winners in a four-fold accumulated, you will be paid the amount of the treble that three winners would create.
c. Which sports are Yankee bets placed in?
Yankees can be placed in a variety of sports where you can fancy four selections across different events. However, they are most popular in horse racing. Other sports where Yankee bets are quite popular include football and greyhound racing.