WHAT IS A YANKEE BET?
So, as you saw previously, a Yankee bet means that it is possible to see a return on your money, even if not all selections are winners. We can place a ‘win only’ Yankee or an eachway Yankee bet.
As before, a basic principle to apply here relates to the price of your selections. If the four outcomes you are backing are at short prices, it is best to go win only. When you have found some longer priced selections to bet on, consider going with an each-way Yankee as the profits on this bet can still be very appealing – even if you only get two from the four picks correct!
Now that we have the Yankee bet explained, let’s use some working examples to see how this bet might come in handy when you are next placing a multiple bet.
Let’s look at an example ‘win only’ Yankee on some Cheltenham races.
In these circumstances, Yankees are a good way of getting a profit from your horse racing bets, even when they are not all winners! In this example, we have more than doubled the initial stake of £11 for getting three out of four selections correct.
Looking at the each-way benefit in this bet, if all four horses fail to win their races but finish in the first three, the total return would be £94.90, ensuring a profit of £72.90 from the initial stake.
Returns on a Yankee bet can multiply surprising quickly and, as the bet provides excellent coverage, you can obtain a profit even when you don’t have a complete set of winning selections.
When you are next looking at placing a multiple selection bet, consider going online and using a Yankee bet calculator to show what returns this bet type would potentially return compared to the bet types you normally employ. You might get a nice surprise!
YANKEE BETTING IN OTHERS SPORTS
The Yankee bet is a straightforward multiple bet that can help you get maximum returns for relatively small stakes.
If you are lucky enough to uncover some decent priced winning selections – i.e. not always the favourite in the market – then you will find that having them in a Yankee bet can result in large-scale profits for your money, particularly when you hit that magic number of four winners!