There are lots of different types of multiple bets on the market. A Yankee bet is exactly that – one of the most popular ways to create a multiple bet. We will show you how a Yankee bet works and which bookmakers have the best Yankee betting options for you.
A Yankee bet is a multiple bet system where you place 11 bets on four selections all at once. Yankee bets are especially popular among horse racing bettors, however they are available on many different types of sports.
Let’s say you are about to place a bet on basketball. That means you will have to pick four selections of teams you think are going to win. You can choose from many other different betting options as well like over/under bets, handicap bets, and so on. But your Yankee bet needs to consist of four selections.
The Yankee bet consists of 11 bets: six doubles, four trebles, and a four-fold accumulator bet. In order to have a return, two or more of your selections have to win. Single selections are not included in a Yankee bet. That means that if you want to place a £1 Yankee, you will be paying £11 in total due to the combination of different bets.
Due to the fact that a Yankee bet is not actually a true single bet, it’s more difficult to win it in total. A Yankee bet consists of several different bets at once. Now that you know what a Yankee bet is all about you can figure out why placing such bets might be useful for you.
First of all there are lots of different results which can occur when placing Yankee bets. That means that you can include higher odds and even higher winnings in this bet type. The paid out winnings will heavily depend on the betting odds of the selections you have added to your bet slip. If you are including only underdogs with high odds to your bet slips it will obviously be more difficult for you to win it. However, if you manage to come up with all winners, you will get an extremely high pay out.
By including teams or players with lower odds in your Yankee bets you will have lower potential winnings, but on the other hand you’ll have a greater chance of winning all selections. Therefore we suggest you to find the right balance when placing Yankee bets. We recommend adding both underdogs and selections with lower odds to your bet slip.
Let’s take a look at an example. Most bookmakers, especially those based in the United Kingdom, are offering Yankee bets nowadays so you can create these bets yourself within a couple of moments.
First, you need to pick 4 teams or players for your bet. Let’s assume you want to place a football-only Yankee bet with Premier League teams only. You think that Manchester United (M), Crystal Palace (C), Liverpool (L), and Southampton(S) are all going to win this upcoming weekend. That means you your Yankee bet will look like this:
Double (2 selection) bets on teams:
M + L, M + C, M + S, L + C, L + S, and C + S
Treble (3 selections) bets on teams:
M + L + S, M + C + S, M + L + C, and L + C + S
Four-fold accumulator (4 selections) on teams:
M + L + S + C
Remember, if only one of the teams in your bet slip wins, none of those bets will pay out. If you manage to score 2 winners, you will have a guaranteed pay out. The payout is determined by the minimum odds of your selections.
Double bets work like this: You chose two teams and both are directly connected to each other. That means that you are only winning your double bet if both teams win. If one team loses, your stake will be gone. The double winnings are calculated by multiplying the odds of the first team to win with the second team’s odds.
Manchester United to win is 1.90 and Liverpool to win is 2.50. That means you will have combined odds of 1.90*2.50= 4.75 for your bet. If you have placed a £10 you will win £47.50 in total.
The basic idea of treble and four-fold accumulator bets is exactly the same. In order to win a treble all three teams have to win their games. In order for your four-fold accumulator all your selections have to win.
The benefit of a Yankee bet is also that you are guaranteed to have a payout when two of your teams win. However, depending on the minimum odds, your winnings will often be lower than the initial stake. In order to generate some decent profits with Yankee bets all your selections have to be successful. Only in this case you will be paid out the maximum amount.
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