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When you begin to place wagers on sporting events online, especially horse racing, you will want to become familiar with the many types of bets that are offered at bookmakers.
You may already be familiar with traditional bets like straight bets and exotics, but there are other great bets that can also be placed, such as a Yankee bet.
Here, we take a look at what a Yankee bet actually is and how this works. This bet can be placed when betting on a variety of sports, but it is most common with horse racing. If you are a racing enthusiast, you will want to learn more about a Yankee bet so you can see how you can generate some large profits from small bet amounts.
You may have already heard about full cover bets if you have wagered in the past. A full cover bet is one that will include all possible multiple bets. These bets are usually placed on three or more selections. One type of full cover bets that you will find being offered is the Yankee bet.
With a Yankee bet, you will be placing a wager with four different selections and it will consist of a total of 11 bets. These include 6 double bets, 4 treble bets, and a four-fold accumulator bet. In order to generate a return, at least two of your selections must be winners. Otherwise, your bet will lose and you can end up losing quite a bit based on your total bet amounts.
Initially, a Yankee bet may seem overwhelming and very complicated, but with a bit of knowledge, you will see that it is actually just a group of simple bets all placed as one. You will be basically predicting the outcome of four events and will have to have two winners to have this be a winning bet.
As with most types of multiple bets, you’ll find that bet365 is just about your best option. In terms of the odds and choice of markets available, ease of bet placement. In fact just about every way you look at it, these guys are hard to beat.
Seeing as you will be placing 11 different bets with a single wager, you can see that Yankee bets can offer some amazing payouts.
You’ll get a return if you choose two or more winners. You will still want to know the potential outcome of such a wager, so here is what the possibilities are when you place a Yankee bet.
The actual amount you will win will all depend on the amount of your wager on each of your selections as well as the odds for those selections to win. With a Yankee bet, you have a choice of win only or each way.
Win only bets will require your selection to be the winner of the event If you choose each way, you can still win when your selection places. If you place an each way bet, the amount of your wager will be doubled and any selection that places will win a fraction of the odds listed for the win.
You will also find the option to place a Super Yankee bet. This works like a standard Yankee bet, but instead of making four selections, you will be making five. You will then have 26 combined bets with a single wager and this will increase the cost, but also the possibilities of winning.
With a Super Yankee, you will have 10 doubles, 10 trebles, 5 four-fold bets, and a single five-fold. The chances of winning with this bet are decent and you will still only require two of your five selections to be winners to receive payouts.
Yankee betting can provide you with more excitement and some great advantages when wagering. However, you also need to be aware of the drawbacks to this form of betting. As with all types of wagering, you need to have a bankroll management system in place to avoid over-spending and to limit losses.
We have covered how Yankee betting works and what it is, so now you can learn about eh various advantages and disadvantages of this bet. In terms of the benefits, you will find that you will enjoy the following:
While Yankee bets sound appealing and can be very rewarding, you also need to consider the downside to this type of betting. There are a few disadvantages that need to be considered and you will want to make sure you fully understand these before you place any wager. The drawbacks to a Yankee bet include:
You need to decide whether you have the betting bank to handle the Yankee, and how confident you are about your selections. Remember you only need two winning selections to get a return, but the big payouts come when you land three or all four.
Now that you have learned how Yankee bets work and how they can offer some great advantages you will want to make use of some strategy when making your selections. One of the best strategies to use when choosing your bet is to choose some of the larger priced options that are offered. If possible, place all of your selections on a minimum of 3/1. When doing this, if at least half of your selections win, you will generate a profit.
It is also beneficial to stick to horse racing betting when using a Yankee bet. The prices tend to be more favourable for this type of bet. While you may be inclined to place a Yankee bet on football or other sports event, you will not find many of the favourites being listed at 3/1. However, with horse racing, it is quite common to see a number of strong contenders in a race at 3/1.
With a Yankee bet, you will want as many winners as possible, so this is where it will be beneficial to choose the favourites, even if the odds do not indicate high payouts. By choosing favourites, you will have better chances of at least two of your selections winning, which is required to receive a payout.
If you want to increase your chances of winning even more, you should consider the Yankee each way bet. Even though this doubles your wager, you now have a chance to earn payouts when your selections win or place as long as two or more are successful.