At Honest Betting Reviews, we want to help our customers become more educated about the different types of betting systems and varying strategies for winning. We do this by defining the different betting terms and helping punters understand what they mean.
If you’ve spent some time at different sporting events, you might have heard the term “Yankee bet” and wondered exactly what type of bet it is and exactly how it works.
What is a Yankee Bet?
A Yankee bet is constituted as follows:
- Six doubles
- Four trebles
- One four-fold accumulator
Rumor has it that this bet is named after an American (Yankee) solider who originally made this bet in the United Kingdom during World War II. He bet a small amount and ended up walking away with hundreds of thousands because of the way the bet rolls over.
The Yankee bet is a four-selection bet that needs 11 bets in total. The bet starts with six doubles and then adds four trebles. As a final selection, there is a four-fold accumulator to cover the four selections.
The Yankee bet is considered a full cover bet because it covers all the possibilities. It also doesn’t have any single bets. This means at least two of the bets must win in order for the better to receive any type of payout.
There is an upgraded version of this bet referred to as the super Yankee bet that covers five selections and has a total of 26 bets that greatly raise the potential winnings.
An Example of a Yankee Bet:
Since the bettor is actually covering four selections in 11 bets, the odds can vary from selection to selection.
For our purposes here, we’ll make all the odds the same at 10/1, and each bet a £2 stake. Since there are 11 bets, you’ll start by betting £22.
To keep things simple, we’ll say that we’re betting on a horse race. If only one horse out of the four races win, then there isn’t a pay off because there were no single bets. When two horses win, you get a return on your money.
The return on two horses winning with 10/1 would be £242 or a profit of £220.
Of course the dream here is that you correctly pick all four horses, one for each race. This will net you a nice little payday at 10/1 odds.
In fact, the total payout would be £41,382 with a profit of £41,360 once you subtract out the £22 bet you placed to start the wager.
While picking four winners is a stunning win, you’ll still get an amazing return if only two of your horses win.
Using a Yankee Calculator
Before heading to the track and making a Yankee bet, take some to crunch numbers with the Yankee calculator. By exploring different odds and outcomes, you’ll be able to make better informed bets to make sure that you don’t overextend yourself.
The calculator is just one of the tools you can use to make this bet, and it only helps you determine your potential winnings. You’ll want to research horses or teams, depending on what you’re placing bets on to try to get a feel for realistic possible outcomes.
You’ll want to invest time and research to ensure you’re comfortable with your bet and get the best possible results. Remember, you need to choose a minimum of two winning horses or teams to realize a return on this bet.
Before sporting events had fixed odds, the Yankee bet was used almost exclusively for horse racing. However, in recent years, many have applied the Yankee bet to football and other sports games.
Please feel free to contact us to learn more about the Yankee bet and where you can find the best returns. We want to help you make the most of your bests by reviewing betting sites and finding you the most secure bets.
Plus, if you want to get make risk-free profit every day, check out our review of Profit Accumulator, one of our top recommended products.