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If you are fairly new to online betting and put on the odd accumulator, you may have spotted a Yankee bet as an option on your bet slip. If you’re not familiar with it and fancy a change from the usual singles, doubles and trebles, Yankee Betting is a type of multiple bet that offers some pretty sweet advantages. But, like with any betting strategy, there are going to be some downsides that weigh against the positives that you will need to keep in mind. So with that in mind we’ve put together this guide to Yankee betting to help you learn all about it. It cover common topics such as what is a Yankee bet, how to place it, what to watch out for, a Yankee bet calculator and some strategies that have the potential to help you increase your chances of success.
Yankee Bet Explained
If you are curious about what Yankee Betting actually is, then let’s break it down for you in simple terms. Yankee Betting is one of quite a few popular multiple bets available at online bookmakers. It involves making four selections and combining them into a series of 11 separate bets.
Now, don’t let the thought of placing 11 bets intimidate you, as the betting site works out all the possible scenarios for you. But we’ll also show you exactly how to place a Yankee Bet and even give you an example to make everything a little clearer for you.
Definition of Yankee Betting
As we mentioned above, a Yankee Bet is a multiple bet that includes four selections. These selections are combined to create 11 separate bets that consists of six doubles, four trebles, and a four-fold accumulator. The idea behind Yankee Betting is to increase your chances of winning by covering multiple outcomes at once, while also potentially winning big if all four selections come through; effectively giving multiple shots at winning while only placing one bet. So if you’re looking for a way to spice up your betting game and potentially boost your earnings, Yankee Betting might just be the ticket!
How to place a Yankee Bet
If you are ready to place a Yankee Bet, then you’ll be keen to know how it’s done. First, choose four selections that you want to bet on – these can be any sport, any game, and any outcome. Once you have your selections, you’ll need to place your bet at an online bookmaker that offers Yankee Betting. We recommend any of these top online bookies.
All of the above betting sites allow Yankee betting and even offer up generous welcome bonuses for new customers. When placing your bet, make sure to select the Yankee Bet option and enter your stake. Your stake will be multiplied by 11, as you’re effectively placing 11 separate bets with your four selections.
Example of a Yankee Bet
Its all well and good saying your placing 11 bets when Yankee Betting, so to help you get a better idea of how it works, here’s an example.
Imagine you want to bet on four different horse races. You pick four horses, each with odds of 5/1, 6/1, 7/1, and 8/1, respectively. You then place a £1 Yankee Bet, which means you’re actually betting £11 in total (11 bets at £1 each). Your Yankee Bet will then cover six doubles (horses 1 and 2, horses 1 and 3, horses 1 and 4, horses 2 and 3, horses 2 and 4, and horses 3 and 4), four trebles (horses 1, 2 and 3, horses 1, 2 and 4, horses 1, 3 and 4, and horses 2, 3 and 4), and a four-fold accumulator (all four horses).
If just two of your horses win, you’ll receive a payout on one of your doubles. If three horses win, you’ll receive payouts on one of your trebles and three of your doubles. And if all four horses win, you’ll receive payouts on all 11 bets, which could potentially be a significant payout. See how it works?
Now, of course, there’s no guarantee that all of your selections will win, but that’s the beauty of Yankee betting, they don’t all need to!
How to Work out a Yankee Bet
Calculating your potential winnings from a Yankee bet doesn’t have to be a headache. It’s quite simple if you know what you’re doing. To work out your Yankee bet, you need to multiply the stake amount by 11, which represents the total number of possible double, treble, and fourfold combinations within the bet.
Then, you need to multiply that result by the total odds of your selections. This will give you the total potential return for your Yankee bet. Don’t worry; you don’t need to do the calculations manually. There are plenty of online Yankee bet calculators that can do the work for you in seconds. But if you would rather do it manually then we’ll cover that below
Calculating your winnings
Calculating your winnings for multiple bets may seem daunting at first, but with a little practice, it can become second nature. For instance, let’s consider a four-selection Yankee bet with the following odds: 11/8, 3/2, 2/1, and 7/2.
To calculate your winnings, you need to first determine the total stake. If you’re betting £1 per bet, the total stake for a Yankee bet would be £11.
Next, multiply the odds of each selection to get the total odds. For example, if you multiply the odds of the first selection (11/8) with the second selection (3/2), you get a total odds value of 33/16. You can then continue this process for all the selections and get the total odds value for the entire bet as detailed below;
- 11/8 odds: £2.38 return (including the original £1 stake)
- 3/2 odds: £2.50 return
- 2/1 odds: £3.00 return
- 7/2 odds: £5.50 return
Next, we would need to calculate the return for each combination of bets. As a Yankee bet consists of 11 bets: six doubles, four trebles, and one four-fold accumulator, the calculations would be as follows:
- Horse 1 and Horse 2: £2.38 x £2.50 = £5.95
- Horse 1 and Horse 3: £2.38 x £3.00 = £7.14
- Horse 1 and Horse 4: £2.38 x £5.50 = £13.09
- Horse 2 and Horse 3: £2.50 x £3.00 = £7.50
- Horse 2 and Horse 4: £2.50 x £5.50 = £13.75
- Horse 3 and Horse 4: £3.00 x £5.50 = £16.50
- Horse 1, Horse 2, and Horse 3: £2.38 x £2.50 x £3.00 = £17.85
- Horse 1, Horse 2, and Horse 4: £2.38 x £2.50 x £5.50 = £32.73
- Horse 1, Horse 3, and Horse 4: £2.38 x £3.00 x £5.50 = £39.93
- Horse 2, Horse 3, and Horse 4: £2.50 x £3.00 x £5.50 = £41.25
Finally, we can calculate the return for the four-fold accumulator by multiplying the return for each individual bet as follows:
- Horse 1, Horse 2, Horse 3, and Horse 4: £2.38 x £2.50 x £3.00 x £5.50 = £104.03
Adding up the returns for each combination of bets, the total payout for the Yankee bet would be £284.71. This includes the return of the original £11 stake. You can also see that the above Yankee bet calculator also allows you to work out your winnings for various combinations if not all four horses win.
It’s important to note that this is the potential winnings, not the actual payout. If you’re including non-runners or void bets in your Yankee, the calculation becomes more complicated. However, with a bit of practice, you can easily work out your potential winnings for any bet.
It’s also important to remember that calculating your winnings can help you make more informed betting decisions and manage your bankroll effectively.
Comparing Yankee Betting to Similar Bets
As we mentioned earlier, a Yankee bet is just one of several multiples available to gamblers. But how does stack up against the other similar bets?
One such bet is the Canadian, otherwise referred to a Super Yankee, which involves five selections made up of 26 different bets: 10 doubles, 10 trebles, 5 fourfold accumulators, and a fivefold accumulator.
The main difference between the Canadian and the Yankee is that the Canadian includes an additional selection, which means it offers even higher potential payouts but also carries greater risk for losing your money if some selections fail to win.
Another similar bet is the Lucky 15, which is essentially a Yankee with a single added to each selection. This means it consists of 15 bets: 4 singles, 6 doubles, 4 trebles, and a fourfold accumulator. Like the Yankee, if all selections win, you are in for a big payout, but the added singles provide a small cushion to help boost your winnings if one or more selection lets you down.
The Lucky 31 bet takes things a step further by adding an additional selection to the Lucky 15, resulting in a total of 31 bets: 5 singles, 10 doubles, 10 trebles, 5 fourfold accumulators, and a fivefold accumulator. The Lucky 63 is yet another step up, with six selections and 63 bets in total.
Each of these bets offers a different level of risk and potential payout, so bettors should carefully consider their options before placing their bets. It’s also worth noting that many bookmakers offer bonuses and promotions specifically for these types of bets, so be sure to shop around to find the best deals.
Advantages of Yankee Betting
So, what makes Yankee Betting so appealing compared to the alternatives? This type of multiple bet offers many advantages that make it a popular choice among online gamblers.
Increased Chances of Winning
One of the biggest advantages of Yankee Betting is the increased chances of winning compared to placing single bets on each selection or utilising a double chance bet. With a Yankee Bet, you’re essentially covering multiple outcomes at once, which means you have more shots at hitting a winning combination.
For example, if you place a Yankee Bet on four football teams to win their matches, you have 11 different combinations of bets that could result in a payout. Because you only need two selections to win in order to receive a payout on at least one of your doubles, your chances of coming out ahead are significantly higher than if you were to place single bets on each team.
Another advantage of Yankee Betting worth mentioning is the reduced risk that comes with spreading your bets across multiple outcomes.
When you place a single bet on a particular outcome, you’re essentially putting all your eggs in one basket, if that outcome doesn’t come through, you lose your entire stake.
But with Yankee betting, your bets are spread across multiple outcomes, which means your overall risk is reduced.
Even if one or two of your selections don’t come through, you still have a chance of receiving a payout on one of your doubles or trebles. This can help to cushion the blow of any losses and increase your overall chances of at least breaking even.
Potential for Higher Payouts
This is an element of Yankee Betting that attracts most gamblers, if all four of your selections come through then a big win is on the cards. Because your bets are spread across multiple outcomes, there’s a chance that you’ll hit on several of your doubles or trebles, which can lead to a much bigger payout.
Of course, the likelihood of hitting all four selections is relatively low, but the potential payoff is significant. This is one of the reasons why Yankee Betting is such a popular choice among experienced bettors who are willing to take on a bit more risk. But beware the pitfalls of chasing a big win
Disadvantages of Yankee Betting
While the above advantages of Yankee Betting can be appealing, you shouldn’t let that cloud your judgement. It’s important to also consider some of the potential downsides before deciding whether this type of bet is right for you. In this section, we’ll explore some of the potential drawbacks of Yankee Betting and what you can do to minimize their impact on your results.
By understanding both the pros and cons of this type of bet, you’ll be better equipped to make informed decisions about how to bet on your favourite sports and events.
Higher Stake Required
One of the biggest drawbacks of Yankee betting is the higher stake required to place this type of bet. Because you’re essentially placing multiple bets at once, the overall cost of a Yankee bet can quickly add up.
This means that you’ll need to have a larger bankroll in order to place this type of bet. So if you just tend to spend the odd £10 on a few bets each week, then this bet may not be for you; unless you’re happy to stake low amounts like 50p per bet.
Additionally, because your bets are spread across multiple outcomes, it can be easy to lose track of how much you’ve bet and how much you stand to win. This can lead to overspending and betting more than you can afford, which is never a good idea.
Yankee Betting Strategies
If you’re looking to get the most out of your Yankee Betting, it’s important to have a solid strategy in place. By using proven betting strategies and tactics, you can increase your chances of success and minimize your risks.
Choosing the Right Selections
While it can be tempting to include a variety of different bets in your Yankee, it’s important to focus on quality over quantity. This means taking the time to research your selections and make informed decisions based on the latest information and odds. Look for bets that have a strong chance of winning, rather than those that offer the biggest payouts.
By focusing on quality over quantity, you can increase your chances of success and minimize your risk of losing the bet. Additionally, it’s important to avoid making impulsive decisions or letting your emotions get in the way of your betting strategy. Stick to your pre-determined betting plan and avoid chasing losses or taking on too much risk.
By taking a calculated and strategic approach to selecting your bets, you’ll be more likely to enjoy success with Yankee Betting and maximize your potential payouts.
Considering Form and Odds
When it comes to selecting the right bets for your Yankee, it’s important to consider both form and odds.
Form refers to the recent performance and track record of a particular horse, team or player. By correctly analysing and researching their recent form, you can get a better sense of their current strengths and weaknesses, and whether they’re likely to perform well in the upcoming race or game.
For example, Man City will likely always be favourites whenever they play, but if they have struggled in a couple of games and come up against an in form Liverpool or Man Utd, then they may not fare so well.
Additionally, it’s important to pay attention to the odds associated with each selection. Odds reflect the likelihood of a particular bet winning, and can help you determine the potential payout you can expect to receive.
While it’s important to look for bets with strong odds, it’s also important to be realistic and avoid chasing unlikely payouts.
By finding a balance between form and odds, you can make informed and strategic decisions about your Yankee bets, and increase your chances of success.
So take the time to research your selections properly, and consider the odds associated with each bet. By doing so, you’ll be well on your way to enjoying more success with your Yankee Betting strategy.
Diversifying Your Picks
Diversifying your picks is another option to consider when placing a Yankee bet. This involves selecting a range of different bets, rather than placing all your money on just one or two games or race meetings.
One approach to diversifying your picks is to include a mix of different types of bets, such as a combination of favourite picks and underdogs. This can help you maximize your potential payouts while also minimizing your overall risk, this type of strategy can work well when utilised alongside cash out betting.
Another approach is to diversify across different sports or events, rather than focusing on just one. This can help you take advantage of a wider range of opportunities and reduce your reliance on any one particular outcome.
Ultimately, diversifying your picks is about finding a balance between risk and reward, and being smart about how you allocate your resources.
Hedging Your Bets
Hedging your bets, otherwise known as arbitrage betting, involves placing additional wagers on other outcomes to reduce your potential losses. Although it’s not as common, it can be used for Yankees. But as a Yankee involves 11 bets, this can be an expensive and risky strategy to apply.
It’s also worth noting that this strategy can be frowned upon by bookies, so approach with caution.
Using Single Bets as backup
When it comes to Yankee betting, it’s always a good idea to have a backup plan. One way to do this is by using single bets as a form of insurance against potential losses. Single for your selections aren’t included in a Yankee. So some gamblers like to place larger wagers on the individual outcomes in the hope of reducing losses if only a couple of selections win,
Cash Out Options
Most selections used in Yankee betting take place either at different times, like with horse racing, or over long periods of time, like with Football or golf. So this allows punters to take full advantage of cash out betting. you can keep an eye on your bets with the likes of the Coral bet tracker or William Hill bet slip checker.
If two of your legs have already won and you become skeptical about your remaining Yankee bets, you should have the option to close the bet early for a profit or reduced loss. If applying this strategy, you will want to make sure you are using the best cash out betting sites.
Yankee Betting Summary
If done correctly and with a lot of luck, Yankee betting can be a lucrative and exciting way to wager on multiple sports events. By taking on board the advice give above, you can potentially increase your chances of success and minimize your risk.
But remember there will always be a lot of luck and risk involved. So make sure to always set a budget to avoid overspending and never chase your losses. With these strategies in mind, you can enjoy Yankee betting responsibly.