What is a yankee bet?

A yankee is a complex form of multiple bet that allows a wide variety of bets to be placed at the same time. As such, it is important for bettors who are considering placing this kind of bet to think carefully about what they could possibly lose from it and what they may stand to gain from it. 

Under the conditions of a yankee bet, bettors make four selections across different events. From those four selections, a total of 11 bets are made. This allows the bettor more security, as even if some of their selections do not win, the multitude of bets that have been placed allows them to stand a chance of making some kind of return. 

However, as a result of this security, the returns that bettors stand to make from a yankee bet are considerably lower than other forms of multiple bet. For example, under the conditions of a treble bet, all selections must win. If just one does not win, the bet loses. This kind of a bet is therefore likely to pay out more than a yankee bet because it is more difficult to win. 

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Yankee bet

A yankee bet is made up of 11 bets from four different selections. The bets that comprise the yankee are six double bets, four treble bets and one four-pronged accumulator. Applying this to an example in football shows how the yankee bet works in practice. 

In this scenario, the bettor has made the following selections:

  • Newcastle United will beat West Ham United
  • Manchester United will beat Liverpool
  • Manchester City will beat Brighton and Hove Albion
  • Wolverhampton Wanderers will beat Fulham

As part of the yankee bet, the following bets are made:

  • Six double bets
  1. Newcastle United will beat West Ham United and Manchester United will beat Liverpool
  2. Newcastle United will beat West Ham United and Manchester City will beat Brighton and Hove Albion 
  3. Newcastle United will beat West Ham United and Wolverhampton Wanderers will beat Fulham
  4. Manchester United will beat Liverpool and Manchester City will beat Brighton and Hove Albion
  5. Manchester United will beat Liverpool and Wolverhampton Wanderers will beat Fulham
  6. Manchester City will beat Brighton and Hove Albion and Wolverhampton Wanderers will beat Fulham
  • Four treble bets
  1. Newcastle United will beat West Ham United, Manchester United will beat Liverpool and Manchester City will beat Brighton and Hove Albion
  2. Newcastle United will beat West Ham United, Manchester United will beat Liverpool and Wolverhampton Wanderers will beat Fulham
  3. Newcastle United will beat West Ham United, Manchester City will beat Brighton and Hove Albion and Wolverhampton Wanderers will beat Fulham
  4. Manchester United will beat Liverpool, Manchester City will beat Brighton and Hove Albion and Wolverhampton Wanderers will beat Fulham
  • One four-fold accumulator
  1. Newcastle United will beat West Ham United, Manchester United will beat Liverpool, Manchester City will beat Brighton and Hove Albion and Wolverhampton Wanderers will beat Fulham.

The return made on these bets would differ depending on which ones were correctly forecasted, because some are less probable than others. For example, it is less probable for the four-fold accumulator to win than it is for one of the double bets to win. So if Newcastle United, Manchester United, Manchester City and Wolverhampton Wanderers all won, the bettor would receive a greater return than if, for example, just Newcastle United and Manchester City won.

It is also important for bettors to keep in mind that a yankee bet costs more than a traditional bet. As there are 11 bets being made, the stake is multiplied by 11, to cover each bet. So if, for example, the bettor were to place stakes of £2, it would actually cost £22 to place the yankee bet so each of those variations is covered. 

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Yankee bets are available in a wide variety of sports, but they most often appear in greyhound racing, football and horse racing. This kind of bet cannot be placed on one single event. Four selections from four different events must be made instead. Bettors who wish to make multiple selections on one single event should explore the different kinds of forecast bets that are available. 

Different kinds of multiple bets

A yankee bet is a kind of multiple bet and there are several different kinds of multiple bets that bettors can place. 

As the name suggests, double bets allow the bettor to make two different selections in one single bet. If both of these selections win then the bettor will make a return. If neither of them wins or just one of them wins, the bettor will not make a return. 

Treble bets add a third selection and if all three win then the bettor makes a return. A trixie bet also allows bettors to make three selections, but four bets are made: three double bets and one treble bet. This means that bettors can afford to have one of their selections lose and still make a return under the conditions of a trixie bet. The single loss is covered by the inclusion of the three double bets. 

A Lucky 15 includes 15 bets and so, like a yankee bet, the stake placed is quite high. As part of this kind of bet, the bettor places 15 bets in total. The bets are: six double bets, four treble bets, four single bets and one four-pronged accumulator. With so much on the line, many bookmakers allow for bonuses in certain outcomes, which is why this kind of a bet is called a Lucky 15. For example, if the bettor gets all of their selections right, the bookmaker may offer a bonus. 

Yankee bets can be very complicated to understand, but may be good options for those who are looking for a high likelihood of a return. Bettors should be wary though. With four selections to make, anyone wishing to place a yankee bet should be well versed in the sport and the participants they are betting on.  

Plus, don't forget to check out our bet calculator, where you can calculate your winnings.

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