What is a Yankee bet?

telegraph.co.uk - What is a Yankee bet and how does it work? - The Telegraph

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A Yankee consists of 11 bets of equal value on selections in four separate events: six doubles, four trebles and one four-fold. We explain how a Yankee works as well as the benefits and drawbacks of this type of bet In a Yankee at least two of the selections must be successful to guarantee a return. The trebles and four-fold increase your winnings should more than two selections come in, and this can mean a Yankee produces some very big wins. Find out more below.

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How does a Yankee bet work?

The 11 bets of a Yankee cover your four selections as follows:

Why should I place a Yankee bet?

If you’re backing four separate events and you fancy each of them to win, a Yankee is a simple way of placing the multiples to ensure a bigger win if any two, three or all four of your picks are successful. Yankees are great for backing a number of selections that may pay a shorter price individually, with a more handsome return when placed across this sort of bet. With all four picks strongly expected to deliver, a Yankee ignores singles and focuses your staking power on more profitable multiple bets, with the potential for bigger returns.

Drawbacks of a Yankee

The main issue with a Yankee is that it doesn’t allow you to stake different amounts on the different multiples included within the bet. They all have to be the same. You may wish to stake less on the four-fold than the doubles for example, or you may wish to have higher stakes on the single, doubles and trebles containing your most fancied selection.

How to work out Yankee bet winnings

The simplest method is to use our Yankee bet calculator, but if you’d like to know how to work it out yourself here’s how you go about it. If you’re using fractional odds convert them into decimal odds by dividing the top number by the bottom and adding one.

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For the doubles, trebles and four-fold multiply the decimal odds for the relevant selections together and then multiply the result by your unit stake.

How does an each-way Yankee work?

The each-way Yankee is a Yankee in which every bet is an each-way bet, making a total of 22 bets. This means the stake is double that of a normal Yankee. Each-way Yankees give you a payout for each horse that places as well as every horse that wins. A smart pointer to take into consideration when placing an each-way Yankee is to include picks for which the place payout of an each-way single is at least equal to, if not more, than your unit stake. Bookies usually offer 1/5 of the win odds for the place part of racing each-way bets. This means a £1 each-way bet (costing £2) on a 5/1 horse pays out at evens if your horse makes the places, meaning your return would be your £1 profit, plus the returned £1 stake for the winning place bet.

What is the difference between a Yankee bet and a Lucky 15?

A Yankee and a Lucky 15 are both multiple bets suitable for four selections in different events. The difference between them is the Yankee doesn’t include single bets on the four selections, whereas a Lucky 15 does.

What is the difference between a Yankee bet and a Super Yankee?

The Yankee features four selections while the Super Yankee, also known as a Canadian, includes five picks and contains 26 bets as a result.

Find out more about horse racing betting

Visit our horse racing betting section for more straightforward guides to betting on racing including:

Looking for expert racing tips and football predictions?

Telegraph Betting posts free horse racing tips every day, as well as regular football betting tips.

telegraph.co.uk - What is a Yankee bet and how does it work? - The Telegraph

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