A Yankee is a type of horse racing bet in which the punter aims to select four different horses to finish first and second in four separate races. The name derives from the American slang term for a person from the north-eastern United States of America.
Yankee bets are also sometimes known as ‘Canadian bets’ or ‘Super Yankee bets’, but the former is more often used for a specific type of wager that includes five selections and 26 bets.
How to Place a Yankee Bet?
Placing a Yankee bet is simple. All you have to do is select four different horses in four separate races, and then choose whether you want each of your selections to finish first or second. Your selections can be made for any race, but most punters prefer to place the bet on high profile events such as the Grand National or the Derby.
You can place a Yankee bet either in person at the racecourse or online. However, if you choose to place your bets online then you will need to be aware of any restrictions that may be placed on your betting, as some websites may only allow you to bet on certain races or on certain days.
What Are the Odds in a Yankee Bet?
The odds in a Yankee bet vary depending on the number of selections and the type of bet you choose. Generally, the more selections you make and the more exotic the bet, the higher the odds.
For example, a four-selection Yankee bet with four horses to finish first and second in each race will have odds of around 12/1, while a five-selection Super Yankee bet will have odds of around 65/1.
What Are the Benefits of Placing a Yankee Bet?
There are several benefits to placing a Yankee bet. Firstly, it allows punters to make multiple selections in multiple races, which can lead to larger payouts if their selections are successful.
Secondly, it gives punters the opportunity to spread their risk across multiple races. This means that even if one of their selections fails to come in, they still have a chance of winning if their other selections are successful.
Finally, it allows punters to bet on multiple races at once, which can lead to a more efficient betting process.
What Are the Risks of Placing a Yankee Bet?
As with any form of betting, there are risks associated with placing a Yankee bet. The most obvious risk is that of losing your stake as all of your selections must come in for you to win.
Other risks include the fact that the odds are generally lower than those of other types of bets, and that the more exotic the bet the higher the risk. Additionally, the more selections you make the more difficult it can be to pick horses that are likely to win.
How to Maximise Your Chances of Winning a Yankee Bet?
There are several ways to maximise your chances of winning a Yankee bet. Firstly, you should always do your research before placing your bet. This means researching the form of the horses you are selecting and looking at past results to identify any patterns or trends that may be useful.
Secondly, you should try to spread your bets across multiple races. This will help to reduce your risk as even if one of your selections fails to come in, you still have a chance of winning if your other selections are successful.
Thirdly, it is always a good idea to use a betting calculator to ensure that you are getting the best possible odds for your selections.
Finally, you should never bet more than you can afford to lose.
What Are the Different Types of Yankee Bets?
There are several different types of Yankee bets available. The most popular types of Yankee bets include the following:
The Trixie
The Trixie is a three-selection Yankee bet. It requires you to select three different horses to finish first and second in three separate races. It has odds of around 6/1.
The Patent
The Patent is a three-selection Yankee bet. It requires you to select three different horses to finish first in three separate races. It has odds of around 7/1.
The Lucky 15
The Lucky 15 is a four-selection Yankee bet. It requires you to select four different horses to finish first and second in four separate races. It has odds of around 15/1.
The Super Yankee
The Super Yankee is a five-selection Yankee bet. It requires you to select five different horses to finish first and second in five separate races. It has odds of around 65/1.
What Are the Different Ways to Place a Yankee Bet?
There are several different ways to place a Yankee bet. The most popular methods include the following:
Online Betting
Online betting is a convenient and easy way to place a Yankee bet. Most online betting sites offer a range of Yankee bet options and will provide punters with their own personal betting account.
Telephone Betting
Telephone betting is an increasingly popular option for punters. Most betting sites allow customers to place their bets over the phone and will provide an operator to assist them with their selections.
At the Racecourse
Placing a Yankee bet at the racecourse is a great way to get involved in the excitement of the races. Punters can make their selections in person and have the chance to watch their horses compete in the race.
Conclusion
A Yankee bet is a popular type of horse racing bet that can be both exciting and profitable. By researching the form of the horses you are selecting, spreading your bets across multiple races, and using a betting calculator to ensure you are getting the best possible odds, you can maximise your chances of winning a Yankee bet.