Written by 
Cashback Bonus
What Is A Yankee In Sports Betting And How Does It Work?
Yankee is a type of multi-bet or parlay that takes its name from The United States of America, where it was first popularized. Although it is pretty common and popular in horse racing, soccer, and basketball, you can place Yankees in other sports.
In this kind of bet, you place 11 bets across 4 selections. Combining various bets in a single betslip is similar to parlays. But in Yankees, your entire wager will not lose if one leg loses. For this reason, Yankee bets are less riskier than parlays, where all your legs must win for your wager to pay off.
As mentioned, a Yankee bet involves placing 11 same-sized bets across four selections of six doubles, four trebles, and one four-fold accumulator. Let’s review each betting type to better understand a Yankee bet structure.
- Single: When you bet on an event with only one possible outcome, it is a single bet.
- Double: Placing a bet on two different outcomes or two selections in an event is called a double bet.
- Treble: When you place a bet on three varying outcomes or selections, it is called a treble bet.
- Four-fold accumulator(FFA): This kind of bet has two parts: four-fold and accumulator. In an accumulator bet, every winning selection is used as the stake for the next bet on the ticket. In other words, your initial wager will multiplied by every bet odds to make the final payout. A four-fold accumulator involves 4 independent outcomes combined in one betslip. All four selections must win for the bet to pay out. Remember, you cannot combine selections from the same event into a single accumulator.
Understanding The Yankee Bet Payout + Example
Now that we know how a Yankee bet is structured let’s see how the payouts work using the following example. It’s time to do some math together!
| Race A | Race B | Race C | Race D | Bet Type | |
| Bet 1 | X | X | Double | ||
| Bet 2 | X | X | Double | ||
| Bet 3 | X | X | Double | ||
| Bet 4 | X | X | Double | ||
| Bet 5 | X | X | Double | ||
| Bet 6 | X | X | Double | ||
| Bet 7 | X | X | X | Treble | |
| Bet 8 | X | X | X | Treble | |
| Bet 9 | X | X | X | Treble | |
| Bet 10 | X | X | X | Treble | |
| Bet 11 | X | X | X | X | FFA |
Suppose you place a horse race Yankee bet according to the table above. You have six double bets, which means you have 6 chances of winning if two selections of each bet win(for example, raceA&C in bet 3). The same is true for treble bets as long as the three selections win(for Example, raceB&C&D in bet 9).
You need at least two selections to win for your Yankee bet to pay out. If two of your selections win, you will receive a payout of 1 bet out of 11 bets, which is the payout of your double bets. Meanwhile, if three selections win, you will get paid on four bets of 11 bets, which are 3 doubles and one treble. And finally, if all four selections win, you will receive the maximum payout: all 11 bets- 6 doubles, 4 trebles, and one FFA will pay out.
The payout structure of Yankee bets makes them ideal for wagering on selections that would only pay a small return individually due to their short odds. Still, they can be used for bigger prize selections for really big profits. For instance, suppose you place a $1 Yankee on 4 selections with odds of 10:1. If they all win, you would receive $20,680. Although it seems tempting, remember that the bigger the odds, the less likely they will happen. In other words, you have a higher chance of losing!
The Best USA Online Casinos of Nov 2024
Each-Way Yankee: Payouts and Tips To Avoid Rookie Mistakes
An each-way bet is a type of wager primarily used in horse racing or golf betting. It is a combination of a win bet and a place bet on the same selection(a horse, for instance). An each-way bet is essentially two separate wagers – one for your horse to win and one for it to place. The “win” part means your selection must finish first for that bet to pay out. The “place” part means if your selection finishes first OR second (sometimes third or fourth, depending on the race), you also get a payout on that part of the bet, though at lower odds.
The each-way Yankee is a unique parlay bet of a Yankee bet, where each bet is an each-way wager. This doubles the number of bets to 22 compared to a regular Yankee.
With the each-way Yankey, you can earn a payout if any of your 4 horses either win or place in their race. The tradeoff is that the place payouts offer reduced odds, usually around 1/5th of the winning price.
A strategic tip when making an each-way Yankee is to pick horses where the place payout at reduced odds covers at least your original bet amount. This way, even if it doesn’t win, a place finish gets you money back.
The each-way Yankee shines at big events, where fields have quality horses at high prices. The large fields make it likely some selections will place. With each-way bets, you can profit without picking only race winners.
Overall, the each-way Yankee provides a creative betting angle, allowing you to gain from both wins and places across multiple bets. While the odds are lowered, the expanded coverage can pay off.
How To Calculate A Yankee Bet Payout?
When it comes to calculating potential payouts for a Yankee bet, the easiest method is to utilize an online Yankee calculator that does the math for you. However, if you want to figure it out manually, here is how to do it:
- First, convert any fractional odds into decimals. To do this, divide the top number by the bottom number and add 1.
- Next, for each parlay component – the 6 doubles, 4 trebles, and 4-fold accumulator – multiply the decimal odds of those picks.
For example, for a $10 double bet with odds of 1.5 and 2.0, multiply 1.5 x 2.0 = 3, then multiply the 3 by your $10 stake. Do this for each double, treble, and four-fold accumulator to calculate the payout.
While not as quick as a calculator, doing it manually allows you to better understand how the unique Yankee bet components work together to create a large potential payout. Give it a try and sharpen your Yankee betting skills!
Good Stuff & Bad Stuff About Yankee Bets
While Yankee bets can be rewarding and offer opportunities for big wins, they have certain drawbacks. Let’s review together.
| Yankee Bet Pros & Cons | |
| Advantages | Disadvantages |
| If all four selections win, you can enjoy bigger payouts than individually betting on each selection. | If one selection loses, it automatically knocks out 7 of your 11 bets. |
| If one or two selections lose, your entire betslip won’t lose, and you receive at least some money. | All 11 bets should be of equal size. So, you cannot stake less on some bets or selections. |
| At least two selections must win to guarantee a return. So, if only one selection wins, you won’t receive anything. You have lost it all! | |
7 Pro Tips To Lower Your Yankee Bets Risks Of Losing
- Opt for selections with value – Identify betting lines where the odds are inflated and offer an edge compared to the actual chances of the selection winning. This increases the payout potential.
- Find correlated picks – Choose correlated selections, like horses with the same trainer. If your analysis is correct, this correlation stacks the odds in your favor across multiple bets.
- Mix long shots and favorites – Throwing at least one long shot into the Yankee with a high payout can raise the potential profit. Balance it with safer picks to increase the chance of all legs hitting.
- Review historical trends and stats – Look back at stats and past results to find positive betting patterns that may emerge again and indicate which selections to target.
- Manage your bankroll – Don’t go overboard on any one wager.
- Always shop for best lines – Compare odds across books and look for discrepancies. A half-point difference in your favor on multiple bets can add up. But make sure to sign up only with legit and trusted online sportsbooks.
- Hedge with singles – You can make single bets on just your most confident picks to guarantee some return if the Yankee doesn’t fully hit.
Final Thoughts
And that’s a wrap on the art of the Yankee bet! With its creative mix of singles, doubles, and trebles across four selections, the Yankee provides sports bettors with an enticing balance of risk and reward. While nailing all four legs is no easy task, the lure of a significant payout is motivation enough for savvy fans to give it a shot. Just be sure to shop lines, learn the basics, and always gamble responsibly. Yankees may seem complicated at first, but take the time to understand them and they could supercharge your betting experience.
The Best USA Online Casinos of Nov 2024
