Yankee Bet | What is a Yankee Bet and How Does a Yankee Bet Work?
A Yankee bet is just one of the many ways that you might choose to bet online at online bookmakers. Yankee sports betting can cover many markets, and like most betting terms, we have got a betting guide for you which should help you understand the basic ins and outs of how it works.
If you are wondering, what is a Yankee bet? Allow our guide to help you grasp the intricacies of it all and other horse betting terms. Ideally suited for horse racing, but commonly used for other gambling forms, Yankee bets can sometimes be complicated. However, with our guide, we will get you up to speed in no time. With that in mind, let us begin…
What is a Yankee bet?
Best bookmakers for placing Yankee bets in 21 November 2024 – Updated List
Yankee bets explained simply
Generally, Yankee bets must follow these rules when playing at crypto betting sites:
- At least two selections must win for any bet to win
- You cannot bet on multiple outcomes on the same event
- All bets must consist of 6 double bets, 4 treble bets, and a four-fold accumulator
- The total value of your wager will always be multiplied by eleven times your original stake
Below, you will find a popular example of this multiple combination bet. As you can see, it covers several selections. This example does not showcase Each Way bets, but they work in relatively the same way. The potential return is determined by the odds you select. To bag any winnings, you only need two selections to win.
Section
Selections (1-4)
Number of Bets
How to place a Yankee bet online
The best way of teaching is showing (we also did this for the Superfecta Strategy and the Goliath Bet), and that is true if you want to learn how to place a Yankee bet. If you stick to the Yankee bet rules (detailed above), and you have a rough idea of how to bet on horses, then the answer to how does a Yankee bet work should make sense to you. Let us introduce you to our Yankee bet example.
Horse racing is one of the most popular types of sports at the biggest bookmakers in the UK, so we are going to use that for our example. Let us pretend that you want to play a William Hill Yankee bet. You want to bet on:
- Horse A to win Race 1
- Horse B to win Race 2
- Horse C to win Race 3
- Horse D to win Race 4
Here is how the bet is placed:
Calculating Yankee bet stakes and winnings
Yankees vs. Lucky 15s explained
You should now know the Yankee bet meaning, and how the bet works. However, you may sometimes have heard that Yankee bets and Lucky 15 bets are the same. They are not. The difference between the two is that Lucky 15 bets include four single bets, as you can see below:
Yankee Bet
Lucky 15 Bet
Super Yankee Bet
4 Trebles: 1-2-3, 1-2-4, 1-3-4, 2-3-4
1 Four Fold Acca: 1-2-3-4
6 Doubles: 1-2, 1-3, 1-4, 2-3, 2-4, 3-4
4 Trebles: 1-2-3, 1-2-4, 1-3-4, 2-3-4
1 Four Fold Acca: 1-2-3-4
10 Trebles: 1-2-3, 1-2-4, 1-2-5, 1-3-4, 1-3-5, 1-4-5, 2-3-4, 2-3-5, 2-4-5, 3-4-5
5 four-fold Accas: 1-2-3-4, 1-2-3-5, 1-2-4-5, 1-3-4-5, 2-3-4-5
1 five-fold Acca: 1-2-3-4-5
Should you play with a Yankee bet or Lucky 15 wager? If you favour playing with smaller odds, then the Yankee bet is superior. However, for those who like to bet with bigger odds, then the Lucky 15 is ideal. At the same time, you could go one further and place a Super Yankee bet, also known as a Canadian bet. This involves twenty-six bets over five events, including ten doubles, ten trebles, five fold bets and a five-fold accumulator.
Other similar bets would be: the Lucky 31 bet, Lucky 63 bet, Heinz bet, Super Heinz bet.
Top tips for wagering with Yankee bets online
Before placing Yankee bets online, you may wish to consider the following Yankee bet tips:
Tip
👉 There is not really a good Yankee bet strategy out there. Tipsters can point you in the right direction regarding their NAP of the day, or NB bet or even system bets, but they can only do so much. Do not expect a guaranteed way to bag wins with a certified Yankee bet system. We explain more about a tipsters daily predictions, such as the NAP or NB in horse racing, in our “What does nap mean in betting?” article.
👉 You can use a Yankee bet in football, to wager on wins, draws, losses, anytime scorers or anything else.
👉 Each-way betting with Yankee bets is possible. However, you will be multiplying your total bet by 22 and not 11, as you are backing all those bets twice. Even if it is not the smartest bet in horse racing, maybe you should stick to a simple each-way bet.
👉 Similarly, using the Trifecta box on a betting slip is possible with Yankee bets, but will again see your bets multiplied. But if you want to know how much is a 50 cent trifecta box in 2024, you can read our updated article.
The pros and cons of Yankee betting
Are there any pros and cons of Yankee betting? We think so, and they include:
PROS
- Yankee betting is ideal for short odds wagering
- Yankee bets can be used to place larger, Alphabet bets
- Yankee bets can be used across many types of sports
- You only need two selections to win
CONS
- Not as easy and basic to grasp as Parlay betting
- Yankee bets are not ideal for long odds wagering
FAQs: Your questions on Yankee bets answered
If you still have questions about Yankee bets, try them at the best sports betting exchanges and let us see if we can help you out with this handy FAQ (frequently asked questions) guide.
There are eleven bets in total. Expect to see six doubles, four trebles and a four-fold accumulator in place with these bets.
To pocket any sort of prize, you need to land at least two selections. However, you can bag more impressive prizes if three or even four of your selections come good.
A typical Yankee bet will cost whatever unit you decide will be your stake, multiplied by eleven. In this case 11 x 0.50 = 5.50. A 50p Yankee bet will cost you £5.50. An Each Way Yankee bet will cost you then £11 (multiply your stake by twenty-two: 0.50 x 22 = 11)
Each Way Yankee bets work identically to standard Yankee bets. However, remember that with an Each Way bet, you are effectively betting on each option twice; therefore, you can expect to double the cost. Naturally, you improve your odds of success, too.
If your Yankee bet has a non-runner, your eleven bets will still be played out.
Most bookmakers offer Yankee bets, but few of them are prepared to give you bonuses for making them. However, it is worth looking around, as you never know what you might stumble across.
Use Yankee bets when betting online today
Now that you know what a Yankee bet is, and how it works, perhaps it is time to try it out? Yankee bets can also be used in an Alphabet bet alongside Patent bets, and you can find out about those right here at our website. Similarly, you may also want to try forecast bets and reverse forecast bets. If you are content with staking money on Yankee bets alone for now, head over to our low stakes betting sites to find somewhere ideal to play today.