Win, place, and show bets are some of the simplest horse racing bets that you can make. With each bet, you pick a horse, and if they finish in the correct position, you win! If you bet a horse to win, they have to win the race for you to win your bet. It’s that simple. A place bet is a bet for a horse to finish in first or second place.

A Yankee bet is a type of Full Cover Bet. From the original selections all permutations of multiple bets are made from them. In the case of Yankee bet, there are four selections. They can be combined into eleven separate multiple bets and each of those needs their own stake applied.

The Basics Win bet – A bet on a horse to finish first. Place bet – A bet on a horse to finish first or second. Show bet – A bet on a horse to finish in the money; third or better. Trifecta Box Horse Racing Betting A Trifecta box can also be known as a reverse triactor or a combination tricast. In this bet, you choose the top three horses, but they can finish in any order. This makes it easier to win, but it comes at a cost.

What is a Yankee bet?

Within a Yankee, there are 6 double bets, 4 treble bets and one accumulator. The accumulator is a 4-fold. No win singles are included as part a Yankee bet. So with the smallest bet type being a double, a Yankee requires a minimum of two of the four legs to win to get a return.

Double 1 = Selection 1 – Selection 2
Double 2 = Selection 1 – Selection 3
Double 3 = Selection 1 – Selection 4
Double 4 = Selection 2 – Selection 3
Double 5 = Selection 2 – Selection 4
Double 6 = Selection 3 – Selection 4
Treble 1 = Selection 1 – Selection 2 – Selection 3
Treble 2 = Selection 1 – Selection 2 – Selection 4
Treble 3 = Selection 1 – Selection 3 – Selection 4
Treble 4 = Selection 2 – Selection 3 – Selection 4
Fourfold Acca = Selection 1 – Selection 2 – Collection 3 – Selection 4

How does a Yankee bet work?

When you select a Yankee on your betting slip, you don’t have to do anything because it will all be automatically arranged. You would add your four selections on your slip and then what will be generated will be all the above multiples when you strike your bet.

Each of the eleven bets created within a Yankee will need an individual unit stake. A £1 Yankee, therefore, would cost an £11 stake in total. Any multiple works by using the returns from the previous leg of the bet as the stake for the next selection. So if one of the double bets in a Yankee win, the returns from it would be as if you had just played a straight double on its own.

Note that returns winnings from Double 1 are NOT placed on Double 2 within the Yankee (and so on). They are all treated as the individual multiple bets.

Winning Example in Football

A Yankee offers the combination of multiple bets from a small number of selections. The appeal of that is that if all selections were correct then the cumulative odds within all of the created bets would add up to a big deal.

Here is a winning example of a Yankee in football.

Our four selections are;

Man Utd 10/11
Man City 5/8
Arsenal 11/8
Spurs 4/6

A £1 Yankee is an £11 stake in total. So that is what is at risk.

Example 1

All of the selections in the example won, so that meant that each and every combination of multiple bet was successful.

Losing Example of a Yankee in Horse Racing

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A Yankee needs a minimum of two selections within it to return something. However, depending on the odds being played, that still may not be enough to cover the initial outlay. To highlight this, let’s look at the Grand National.

One losing selection will wipe a total of seven of the eleven bets in a Yankee. That is where the thin line is. For this example, Clown Shoes at 4/6 is the only loser in our fictional Grand National for Example 2.

Example 2

Two losing selections in a Yankee will wipe out ten of the eleven bets in it. You would be left with only the one double. Both Cloud Power and Clown Shoes are losers here in Example 3.

Example 3

The winning odds of the only two winners (combined for a double) does not return enough in order to cover the initial stake.

Each way Yankee bet explained

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An each way option can be applied to a Yankee bet. What that will immediately do is raise the initial stake by double. That is because you will, in essence, be placing a matched stake on each of the eleven bets within the Yankee, to meet the Place coverage.

A Place, commonly used in horse racing, returns a fraction of the original odds if the runner finishes within, for example, the top three but doesn’t win the race. So if one of the selections for example placed then the return from it would be perhaps 1/4 of the original odds (the bookmakers Place Terms determine that).

It would leave less coming back from the Yankee. In Example 2 at the same prices, if Clown Shoes had only Placed at the original 4/6 odds, but the others had all won, then it would have returned a total return of 37.36 which, compared to the return of 18.86 for Clown Shoes having lost outright, shows what the each way option could do. The negative is that you would stand to lose twice as much stake if you didn’t pick up enough winners.

Yankee bet strategy

The general rule of thumb for Yankee betting is to stick with some larger priced options in the bet. If you play all selections of around a minimum of 3/1 then if at least 50% of your selections win, it will offer positive returns. This is partly why it is used more commonly on horse racing where prices are geared more towards being Yankee-friendly. It’s not uncommon to have a strong contender in a horse race at 3/1. You are not going to find many 3/1 favourites for football matches.

How to place a Yankee bet on Bet365?

Placing a Yankee bet on Bet365 can simply be done right in the bet slip. Browse around the horse race cards and pick out your selections. In the bet slip at Bet365 you will see the multiples option and from there you can just select Yankee. Enter your stake of 11 x n and then strike your bet. Before doing so, check the latest Bet365 Bonus Codes.

What is a permed Yankee bet?

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A Yankee is a form of a permutation bet. Instead of placing individual bets from the four selections, you take all the coverage that you could possibly make from the selections. As in the case of a Yankee that is eleven multiple bets, but a full permutation (four selections) would also include the four-win singles. That is known as a Lucky 15.