A Yankee bet has similarities to a Lucky 15, however this method of betting doesn’t cover single selections. A Yankee is a bet made up of four picks and it consists of 11 bets which includes six doubles, four trebles and a four-fold accumulator. To take home return from a Yankee, you need to have a minimum of two winning selections.
Like a Lucky 15, you would opt to place a Yankee because you would have more chance of taking a return than if you were to place just a standard accumulator where one losing selection would make it worthless. Yankee’s provide an increased chance of winning, so you need to consider that your stake will have to be upped. A Yankee is made up of 11 separate bets, so if you were to place £1 on it, your total stake would amount to £11.
Some people are often mistaken by believing that they are better off just betting on the four-fold rather than the Yankee, simply because it would provide much larger returns. And whilst that is true, you need every single selection to win, and that is your ONLY chance of winning anything from the bet. Whereas the Yankee, which has a smaller return in truth, has 11 different possibilities and combinations which could see you take a profit. You’d only need two selections to guarantee yourself some kind of return from your stake.
Yankees are often a go-to option when betting on horse racing, just because they improve to probability of securing a return like a Lucky 15 does. It would be an incredible challenge to win a traditional accumulator with four horses, as something is more than likely going to go wrong down the line, as one of your horses will probably place rather than win a race. A Yankee covers doubles, trebles and the four-fold acca, so you would need just the two winners to stay alive.
Another reason why a Yankee is used on horse racing is because you can place it each way. It usually consists of 11 bets but once you make it each way, it shoots up to 22 bets as another 11 are there to cover any selections that end up placing. For example, if one of your horses finishes in 2nd, that will go down as ‘placed’ and will be recorded at much shorter odds than if it was an outright winner.
There are similarities, but they are NOT the same. They both consist of four selections but they both have a differing total when it comes to the number of bets. Of course, the Lucky 15 consists of 15 bets whereas the Yankee has a total of 11.
Another key difference is that the Lucky 15 covers everything a Yankee has to offer, but also covers the four single which the Yankee doesn’t. You need to win a minimum of two selections on a Yankee to see a small fortune returned once it has settled.
The advantages of placing a Yankee are that they increase your chances of winning, simply because one losing selection doesn’t mean that you are out of the running for a return. They also spread risk which means that you only need two of the selections to win in order to see anything come back your way.
The main disadvantage is that a Yankee bet requires 11x your original stake. If you want to place a pound on your Yankee, your total stake will be up to £11 to cover all of the bets involved around the four selections. Another is that a Yankee pays out less overall than a standard accumulator, however, the counter argument to that would be that the Yankee gives you more chance of winning a bet.