Estimated Reading Time: 4 minutes
What is a Yankee Bet? How does a Yankee Bet work?
A straightforward bettors guide for Yankee insurance betting. Learn how Yankee betting works and what happens when you use this cover betting style
Published on 21 June 2019
Updated on 21 June 2019
Betting Tips for Today's Football
Find more value in your next football bet. You could gain a betting edge by checking out the tips and stats for today's and tomorrow's fixtures...
A Yankee bet is a multiple bet—you can think of it as a combo bet since you’re making a combination of several bets into one.
When punters attempt this bet, you’re using four selections with a specific combination, which makes a total of 11 bets; including the following:
• 6 double bets
• 4 treble bets
• 1 four-fold bet
Let’s examine some of the deeper details of each of the betting combinations, which construct the Yankee.
What are Double Bets?
A double bet is like a straightforward single bet. In a single bet you are betting on one team, one horse, or one option to be exact to win. For instance, you can bet that team A wins in the next match or Jon Jones to win his next UFC fight.
If your bet comes true, you win cash. However, if not, you lose your bet. That’s the single bet—pretty much self-explanatory and most newbie bettors are at least familiar with it.
A double bet very similar, except that you are making two bets instead of just one. This means you’re making two selections instead of just one. Now, here’s the thing that makes a double bet riskier than a single bet. There’s a higher risk involved.
You see after winning your first bet, your winnings will be added as an additional stake for the second bet. This means you will gain a greater return with the double bet however, you’re now risking your initial winnings from the first bet in the quest for more returns.
This bet is popular with bettors or punters because of the possibility of increased winnings. However, you should also consider the higher risks involved. In the case of a Yankee bet, you will be making six of these double bets.
What is a Treble Bet?
A treble bet is also a multiple bet just like a double bet. In the case of a double bet you are making three bets and not just two. Just like in the case of a double bet, all three of your selections must win for you to win anything.
That is of course very risky—three times the risk of a single bet to be exact. All three of your selections must win so that you can have any returns from your bets.
If your first bet wins then the winnings and everything else will be rolled over to your second bet. If your second bet wins then every bit of cash you have made up to that point will also be rolled over to the third selection.
As you can see the risk is greater, but the rewards are increased almost exponentially. So, let’s say you want to make a treble bet of £5 per option or selection.
In your bet selection A has 3/1 odds, B has 2/1 odds, and C has 4/1 odds. How do you compute your possible earnings given these odds? Here’s how:
Doing the calculations manually or using the treble bet calculator and substituting the corresponding odds of each selection/option you will have potentially earned £300 if your treble bet wins.
If you think that a treble bet is risky enough, well a four-fold accumulator bet is a lot riskier. However, as you should know by now, the greater the risk the greater the reward.
A four-fold accumulator is also a combo wager or multiple-wager. The big difference here is that a four-fold accumulator bet involves four selections. Just like in the other bets that we have already discussed, all four selections should win for you to get any returns. The odds of winning this bet is going to be tough but the returns could be very significant, even huge.
Here’s an example: let’s say you are betting on four football matches, where you want Teams A, B, C, and D to all win their fixtures. The odds of Team A winning are 8/11. The odds for B to win are 3/1. The odds for C to win are 10/11. And finally, the odds of D winning are at 2/1.
So, let’s say your stake is at £10 for your four-fold accumulator bet. To compute your possible winnings, just follow the same formula that we used in the sample for the treble bet or you can use the bet calculator and add multiple bets to see the potential returns.
That means it will look something like this:
With a £10 stake, you can possibly win £395.7 (including your initial stake). As you can see, your potential earnings have skyrocketed with this bet. Now, in a Yankee bet you will make this wager alongside with the other wagers that we have discussed earlier within this post.
You can already imagine how much you can potentially win with a Yankee bet. However, note that the risks for that bet will be so much more compared to all the bets that comprise it, as you’re relying upon each and every selection to win!
How does a Yankee bet work?
Now that you understand all the bets involved in a Yankee bet, we can go over the real mechanics of a Yankee bet. Remember that in a Yankee bet you will be making a total of 3 treble bets, 3 double bets, and 1 four-fold accumulator.
In this type of bet you need at least 2 of the bets you made to win so that you can get a return from your initial bet. Note that you will be making a total of 11 bets in a Yankee bet.
Here is a sample breakdown of the bets that you will make in a Yankee bet. You will have 4 selections Team A, Team B, Team C, and Team D:
• Double: A and B, A and C, A and D, B and C, B and D, C and D (that makes 6 total bets)
• Treble: A+B+C, A+B+D, A+C+D, B+C+D (that makes a total of 4 bets)
• Four-Fold: A, B, C, and D combined (only 1 bet)
Let’s say you made a £1.10 bet for each of these options. Each one of them can return at least £6.41, by using simple addition.
This is only the bare minimum that you can win. Of course, we have not factored in the odds for each of these bets, which would also increase your potential winnings.
Remember that the main bet you are making here is the four-fold bet. The other bets in this combo are there to serve as a safety net, so you can at least win some of your initial stake back in case all your selections do not win.
Tags: Bookmakers, odds
||Share Post On:
Short URL: https://iwinsoccerbets.com/zQ52pJF5n