What is a Yankee Bet? A Simple Explanation to How They Work
- Yankee bets are a popular way to bet on many sports, including horse racing
- They consist of 11 bets on four selections
- This improves the probability of a return on a bet
- Learn how they work fully with our concise guide
When you place a Yankee bet, you are placing 11 bets on four different selections. A £1 win-only Yankee bet would, therefore, cost £11.
The amount won from a Yankee depends on the number of selections which win and the odds of each one. Because a Yankee bet contains no single bets, two of the selections must win in order for a return to be achieved on the bet. The return from just two selections would be highly unlikely to be greater than the original stake.
The four bets consist of six doubles four trebles and a fourfold accumulator. The diagram below shows a win-only Yankee. Bets one to six consist of the doubles, bets seven-ten consist of the trebles and bet 11 is the accumulator.
Why Make a Yankee Bet?
A benefit of the Yankee is that it really diversifies the risk of one selection losing within a multiple bet. A traditional accumulator is lost when just one selection doesn’t win. If you’re more confident the majority of your selections will win, then a Yankee will increase your chances of a positive return on your stake.
The disadvantage of a Yankee bet is that it does require a higher stake. With 11 bets instead of one, the stake will be much higher. You need to consider the increased chance of winning is worth this higher stake.
Is It Possible to Do an Each Way Yankee?
An each way Yankee bet consists of 22 bets. 11 of the bets are to win, as above in the image. 11 extra bets in an each way are for the selections to place.
We have another article which explains how each way bets work in more detail.
What Is the Difference Between a Yankee and a Lucky 15?
Lucky 15 bets also feature four selections, but there is a key difference.
A Yankee has 11 bets. A lucky 15 bet has 15 bets.
A lucky 15 bet includes all the 11 bets in the image above but features an additional four bets. These four additional bets are four singles, one for each of the selections. This will increase the size of the stake, but also increases the size of the return if all four were to win.
A Yankee bet consists of 11 bets over four different selections. It has six doubles, four trebles and a fourfold accumulator. Its popularity is derived from the increased chance of achieving a return versus a traditional accumulator.