In this article, I want to look at Yankee bets. I’ll explain a bit about what they are, what type of punter likes them, how to place a Yankee bet, and what their risks and rewards are.
I’ll begin with a section entitled ‘What is a Yankee bet?’ so you can get an idea of how the bet works. An example bet will be included.
What Is A Yankee Bet?
If you’ve been betting for a while, then you have probably heard about Yankee bets. They are quite popular with a certain type of person, namely those who like to spread the risk around a bit while still keeping open the chance of making bigger profits.
A Yankee bet is one step up from a Trixie, as it just adds one more selection to the pot. This time, you are effectively putting your money on six doubles, four trebles and an accumulator, for a total of 11 separate bets.
At first glance it appears very complicated and this can put many punters off, but once you start to look at the individual parts of it you realise that it is in fact only a group of simple bets.
At the most basic level, you are simply predicting the outcome of four different events. It doesn’t really matter what sport these are in, but the most common use of the Yankee is in horse racing where you have a huge choice and a good range of odds that could potentially net you a big profit.
To illustrate how the bets work, look at the list below. Assuming that you have chosen 4 horses you think will win (A, B, C and D), the bets that make up the Yankee combination are as follows:
AB = £1 double
AC = £1 double
AD = £1 double
BC = £1 double
BD = £1 double
CD = £1 double
ABC = £1 treble
ABD = £1 treble
ACD = £1 treble
BCD = £1 treble
ABCD = £1 accumulator
You can see from this that your four selections have resulted in 11 different bets. In order to win, you have to have at least 2 winners, i.e. at least one of your doubles must win – any less than that, and you’ve got a losing bet. Any more than two winners and the returns will depend on the prices you have managed to grab.
If you want to try a Yankee bet I suggest you go to Betfred.com, claim the awesome bonus and then use their bet calculator to work out your stake and return on your bets.
How to Place A Yankee Bet
Plenty of people choose to place bets online now, using sites like Betfred which I’ll use in this how to place a Yankee bet guide.
1. Log into your account and fund it if you need to, remembering that you have 11 bets to pay for. A £1 Yankee will cost you £11 in total.
2. Choose the sport from the main menu – everything you can bet on is on the list on the left of the page.
3. Place a tick in the boxes next to all the events you want to make up your Yankee.
4. Click the pencil icon to the right of the name, so that you can create your own coupon.
5. Click the odds next to the name of your first selection to add it to your betting slip, then repeat for the other three
6. Open up the betting slip and click the ‘multiple bet options’ button.
7. Check the ‘Yankee’ box to set the bet up.
8. If you want to make it ‘each way’ rather than ‘win’, check that box too.
9. Click the ‘confirm bet’ button to place the bet.
10. You’ll then get a receipt to confirm the bet details.
11. Profits from any winnings will be added to your account automatically when all events have completed and the results announced.
Place a Yankee bet right now at Betfred.com.
Risks & Rewards of a Yankee Bet
It might go against your instincts a little, but a Yankee is actually better for you when you are less certain of your predictions.
This is because it allows you to cover a number of different combinations, increasing your chances of a return, and at the same time maximises your profits if you get everything right.
You do need to watch the odds when you are placing a Yankee bet. If the odds are all very low and only a couple of the selections actually come in for you, then you might find that you’ve actually made a loss overall despite getting a couple of winners. However, this situation is rare.
The best way to get to grips with Yankee betting is to go to Betfred.com and place a small bet to begin with so you’re used to the process.