In this article we explain all you need to know about a Yankee bet. This includes a break down of what it is and what it consists of, how to manually calculate this bet type and more.
Yankee Bet Explained – What Is A Yankee Bet?
A Yankee bet is a wager on 4 selections taking part in different events and includes the following: 6 Doubles, 4 Trebles and 1 4-Fold. A minimum of 2 selections must win for a Yankee to generate a return.
Note: A Yankee is similar to a Lucky 15 in the sense both bets consist of 4 selections, the only difference being is that a Lucky 15 also include singles.
Each Way Yankee Bet
An each way Yankee is double the stake of a straight ‘Win’ and consists of 22 bets – 11 bets for the selections to win and 11 bets for the selections to place. You can read more on what an each way bet is and how it works with our ultimate guide.
How To Calculate A Yankee Bet
To calculate a Yankee bet, you need to add together the return of each winning double, treble and 4-fold bet.
Yankee Bet Calculator
As you can imagine, manually working out the returns will take a while and it’s likely you’d be error prone so we’d suggest using a tool such as BetVictor’s Bet Calculator that will automatically do the math for you.
Simply enter the prices of your 4 selections. Then enter your stake and it will show you what you stand to win. You’ll also be able to experiment with different outcomes to see how they affect the potential returns.
How To Place A Yankee Bet
We’ll be using William Hill in our example although the process should be the same regardless of what bookmaker you use.
Step 1) Add your 4 selections to your bet slip.
Step 2) Enter your stake into the ‘Yankee’ box.
Step 3) Confirm your bet.
Why Place A Yankee Bet?
You can use Yankee bets to combine applicable selections across all sports although they are most commonly used when there are selections with long odds.
What makes them appealing is that you only need two winning selections for a return. Furthermore, should all your selections win, you are likely to be set for a healthy profit.
A Yankee bet is formed of 4 selections and consists of 11 bets.
If you are able to pick some good priced selections as opposed to say, the odds-on favourites in the market, then they can provide a great opportunity to generate some great profits – especially if all 4 end up winning!