In horse racing, there are plenty of ways to place bets, with popular options such as each-way bets and single bets being available. However, one technique that is quite unique is the Yankee bet, which is a multiple wager that involves 11 separate bets. Whilst it involves 11 bets, it might seem quite complicated, yet it is a popular and flexible bet that is commonly used throughout horse racing. Here, we are going to look at what the Yankee bet consists of, examples of the bet, and how it can be used by those who
watch horse racing.
How Does A Yankee Bet Work?
No matter what sport you are betting on, a Yankee bet includes 6 doubles, 4 trebles, and 1 four-fold accumulator. This means that there are a total of 11 bets placed, and this covers all of the possibilities if 2 or more horses are successful in their selection. Yankee bets are similar to accumulator bets; however, not every selection in the bet has to be successful for a return to be made.
Yankee bets must be placed on different selections, unlike a bet builder, and allow returns even if not every selection wins its event. Let’s have a look at how this bet actually works:
E.G. You have bet on four horses:
You will place:
•
6 Doubles (1+2, 1+3, 1+4, 2+3, 2+4, 3+4)
•
4 Trebles (1+2+3, 1+3+4, 2+3+4, 1+2+4)
Possible Outcomes:
•
2 Winners: One double will be successful
•
3 Winners: Select Doubles and trebles will be successful
•
4 Winners: All of the doubles, trebles, and the fourfold will be successful
It is important to remember that you must place the same stake value on each of these bets; otherwise, you are not following the strategy of the Yankee bet, and you are putting more weight on one of the selections.
Yankee and Each-Way Bets
If you are looking to place a Yankee Each-way bet, you must consider how many bets you will be placing, as an each-way bet requires both a win and place bet on each selection. For example, you would have to place 11 win bets and 11 place bets, meaning there would be 22 bets in total.
Yankee Each-way bets are mostly popular in large handicap races, festivals like Cheltenham or Aintree, and high-odds selections.
Pros and Cons of Yankee Bets
When looking to place Yankee bets, there are a couple of aspects you must take into consideration before placing your bets. Here are the pros and cons of Yankee betting in horse racing:
Pros -
✅Multiple chances to be successful across different events
✅Not every horse has to be successful for a return to be made
✅Popular for large horse racing events
Cons -
❌At least 2 horses need to be successful for a return to be made
❌Requires a larger stake to cover all options
❌Can be quite complex compared to other options
When Should You Place A Yankee Bet?
If you are looking for the best times when you should place a Yankee bet, you should be looking for 4 strong horses across
horse racing racecards, as these horses will have to take part in different races. However, if you want more coverage than an accumulator bet, then the Yankee bet might be a good substitute, as not every selection would need to be successful for the bet to return.
Before placing a bet, we recommend researching other important factors, such as the horses' form, the ground conditions, and the horses' opponents. Once you have considered these factors, you can look to place your Yankee bet.
If you are looking for more ways to place bets and are looking to understand horse racing more, then Racing TV is the place to be. We not only have live horse races, but the site also offers
horse racing tips from some of the industry’s top experts.