You might be wondering if a Yankee Bet has anything to do with US sports, but… no, it actually doesn’t. The term “Yankee Bet” refers to a multiple bet that combines 11 different wagers in one. These bets are divided across four events as you make six doubles, four trebles and one fourfold.
While a Yankee Bet might look like an accumulator, it actually isn’t one. This is because each bet making part of the Yankee operates on its own. This way your bet will not be lost should one of your selections go awry.
How does Yankee Betting work?
As mentioned above, Yankee Bets combine 11 bets across four selections. Let’s label our selections 1, 2, 3, and 4. Now check the label below to see how this works.
| Part | Selections | Number of bets |
| Doubles | 1+2, 1+3, 1+4, 2+3, 2+4, 3+4 | 6 |
| Trebles | 1+2+3, 1+2+4, 1+3+4, 2+3+4 | 4 |
| Fourfold | 1+2+3+4 | 1 |
| Total | 11 |
The result is a rather flexible style of betting. While winning from the fourfold is unlikely, you can still make some potentially very decent returns from the doubles and trebles.
How to calculate your Yankee Bet winnings
You might be curious to know how wins are calculated in a Yankee Bet. While online punters generally have their own calculators, it could be fun to know how to work it out for yourself by following these steps:
- If you are using fractional odds, convert them to decimal odds. You can do this by dividing the top number by the bottom one then adding one.
- Multiply the decimal odds for your selections for the doubles, trebles, and fourfold together.
- Multiply the result by your unit stake
Best Sports for Yankee Bet
Yankee Betting is best associated with horse racing, where punters get to make multiple bets on a number of strongly fancied selections. That said, you can employ the Yankee Bet across a variety of sports.
Horse Racing
Most sportsbooks available to British punters offer Yankee Bets on horse racing events.Yankees are perfect if you know what you are going to bet on in a fixture, and will allow you to take advantage of the higher-paying bet structure.
Football
While many punters stick to accas when it comes to betting on the beautiful game, the Yankee Bet is slowly but surely growing in popularity. This is because it allows you to make multiple bets on the FA Cup, League Cup and Champions League dead-certs to make a tidy profit.
Snooker
Yankee Betting is ideal for all individual sports, and that includes snooker as well as tennis, darts, and racing sports. We suggest betting on individuals winning their early-round matches at short odds before putting them into a Yankee to boost your potential returns.
Each-way Yankee
You might have seen the term “each-way Yankee.” What does this mean? Simple - an each-way Yankee is a Yankee bet where every bet is an each-way. This way the number of bets made is doubled from 11 to 22 and, of course, your total wager is also doubled.
Remember that an each-way bet has two components, a win and a place. This makes the each-way Yankee perfect for racing events such as the Grand National, where bookies often have extra specials on each-way betting (although this generally comes with 1/5 odds).
Benefits of Yankee Bet
The main benefit of the Yankee Bet system is its flexibility. After all, your betting slip will contain not one, but four selections, allowing you to make wagers on different outcomes. You can even make a Yankee Bet on multiple sports, for instance combining the footie with the horses in a mix-and-match of your favourite sports.
The Yankee Bet is also ideal if you want to better manage your bankroll. Since a Yankee is split across 11 separate bets, the total stake will be spread across all these wagers. This means there is a good chance your total stake will be lower when compared to placing 11 separate bets on any number of combinations.
Drawbacks of Yankee Bet
Being composed of 11 bets, the Yankee Bet can cost a considerable chunk of change - and that sum is doubled if you decide to go for an each-way Yankee bet. As such, while Yankee Betting allows you to spread your risks across multiple selections, such a safety basket comes at a price. Then there’s the fact that betting remains a game of chance, and your returns might be low if you only get wins from one or two of your selections.
Conclusion
Like any other type of betting, the decision to whether or not to go for Yankee Betting depends on your personal strategy and aversion to risk. While it does have potential for good wins, it will also eat through your bankroll should your selections prove wrong. Always remember that sports betting is a leisure activity, and that we at Gambling Zone always promote responsible gambling. That said, have fun and good luck!
