Yankee Bet and Canadian Bet
In the world of sports betting, there are different kinds of wagers that you can make. The simplest kinds of bets involve guessing which team or individual player will win a match, while other kinds of bets will have you predict the final scores of a game.
But if you are someone who wants to do more than just wager on a single outcome, you can try your hand at multiple bets. Broadly speaking, a multiple bet involves combining a series of single bets into one wager.
There are many kinds of multi bets available on top sports betting sites online, two of which are the Yankee bet and the Canadian bet. In this article, we will talk about the features of Yankee betting, how this bet works, and how much you can potentially win. We will also discuss the Canadian bet, which is pretty much the same as the Yankee. The only difference between the two is the number selections you make.
What is a Yankee Bet?
A Yankee bet is a type of wager that includes 11 separate bets. In a Yankee bet, you select four teams (or individual players) that you think is going to win in four different events. It is basically a combination of multiple bets, packaged up in a simple, single option. Here is what the Yankee bet consists of:
- 6 Double Bets
- 4 Treble Bets
- 1 Fourfold Bet
- TOTAL = 11 Bets
A Double Bet is betting on two teams to win, a Treble Bet is betting on three teams to win, and the Fourfold Bet is betting on four teams to win.
All About Yankee Bets
When it comes to a Yankee bet, you can’t wager on more than outcome in a sporting event. For example, if you want to bet on a horse race, you can’t bet on one horse to be the winner and another horse to place. Each selection in your Yankee bet has to be of completely independent events. You can, however, make selections across multiple sports. So if you fancy betting on a tennis match, a horse race, and a football game, you can do it using a Yankee wager. But it is more popular to choose separate events in the same sport.
To illustrate, imagine a competition that has 26 teams fighting for a cup. These 26 teams are represented by the letters of the alphabet. Let’s say that you want Team A, Team B, Team C and Team D to win separate matches in the competition series. Here is what the permutations in your 11 bets in a Yankee will look like:
- 6 Double Bets – AB, AC, AD, BC, BD, CD
- 4 Treble Bets – ABC, ABD, ACD, BCD
- 1 Fourfold Bet – ABCD
- TOTAL = 11 Bets
Since a Yankee bet is a combination of 11 bets, instead of paying £1 for a single bet, you will be paying £11 for the Yankee. In other words, you will bet £1 on the six doubles, four trebles and one fourfold bet.
For you to receive some money back on your Yankee bet, you need to win at least two bets out of the four selections for any of your money to be returned.
The payout for a Yankee bet can vary wildly. It primarily depends on the types of sports betting odds of the teams you have picked. If you make a Yankee bet that features mostly underdogs, then your chances to win are slim. But if you do, the payout will be astronomical even if just two teams manage to win.
How Does a Yankee Bet Work?
To help explain how Yankee bets work, let’s imagine that you’re an ardent football fan who wants to place an English Premier League wager. You have decided that you want Liverpool, Arsenal, Manchester City, and Aston Villa to win four separate events.
Following the permutations above, here’s what your Yankee bet will be made up of:
1) 6 Double Bets on:
- Liverpool and Arsenal
- Liverpool and Manchester City
- Liverpool and Aston Villa
- Arsenal and Manchester City
- Arsenal and Aston Villa
- Manchester City and Aston Villa
2) 4 Treble Bets on:
- Liverpool, Arsenal and Manchester City
- Liverpool, Arsenal and Aston Villa
- Liverpool, Manchester City and Aston Villa
- Arsenal, Manchester City and Aston Villa
3) 1 Fourfold Bet on:
- Liverpool, Arsenal, Manchester City and Aston Villa
Now that you know the breakdown of your Yankee bet, here are the potential results of your wager:
- If none of the football clubs win their matches, you lose your entire stake.
- If one club wins a match, you still lose your entire stake.
- If two clubs win their matches, then that means one out of the six Double Bets is a winner. All the remaining ten bets lose.
- If three clubs win their matches, then that means three of your Double Bets won, and one of your Treble Bets won. The remaining seven bets lose.
- If all four clubs win, then all of your 11 bets win.
To explain this English football game betting example even further, let us assign some hypothetical odds to your four teams. Let’s say that the odds for Liverpool to win is EVENS, for Arsenal is 2/1, for Manchester City is 3/1, and for Aston Villa is 4/1.
Let us say that you place a £1 stake for each wager in the Yankee. Your total stake would be £11. As mentioned above, if only one or none of your teams win, you won’t receive a payout. So let us take a look at some of the possible payouts if two or more of your clubs do win.
Scenario #1: Liverpool and Arsenal
| Team Name | Odds | Outcome | Permutations | Returns |
|---|---|---|---|---|
| Liverpool | EVENS | Win | L and Ar | £6 |
| Arsenal | 2/1 | Win | L and MC | £0 |
| Manchester City | 3/1 | Lose | L and AV | £0 |
| Aston Villa | 4/1 | Lose | Ar and MC | £0 |
| Ar and AV | £0 | |||
| M C and AV | £0 | |||
| L, Ar, and MC | £0 | |||
| L, Ar, and AV | £0 | |||
| L, MC and AV | £0 | |||
| Ar, MC, and AV | £0 | |||
| L, Ar, MC and AV | £0 | |||
| TOTAL STAKE | £11 | TOTAL RETURNS | £6 |
As you can see, if Liverpool and Arsenal wins, you will receive a total of £6 as your winnings. This amount is based on Liverpool’s 1/1 odds and Arsenal’s 2/1 odds. Your total returns will be £6, so that means your profit is – £5. Remember these odds are hypothetical. If you want to see the history of Liverpool FC odds at the Premier League, you can check out our football pages.
Scenario #2: Manchester City and Aston Villa
| Team Name | Odds | Outcome | Permutations | Returns |
|---|---|---|---|---|
| Liverpool | EVENS | Lose | L and Ar | £0 |
| Arsenal | 2/1 | Lose | L and MC | £0 |
| Manchester City | 3/1 | Win | L and AV | £0 |
| Aston Villa | 4/1 | Win | Ar and MC | £0 |
| Ar and AV | £0 | |||
| MC and AV | £20 | |||
| L, Ar, and MC | £0 | |||
| L, Ar, and AV | £0 | |||
| L, MC and AV | £0 | |||
| Ar, MC, and AV | £0 | |||
| L, Ar, MC and AV | £0 | |||
| TOTAL STAKE | £11 | TOTAL RETURNS | £20 |
If Manchester City and Aston Villa win instead, you will receive a total return of £20. Because of the higher odds, your returns for this scenario is more than if Liverpool and Arsenal won. With a £20 payout, you have a £9 profit from your Yankee bet.
You can also view the previous English Premier odds of Arsenal here on the hityah site.
Scenario #3: Liverpool, Manchester City and Aston Villa
| Team Name | Odds | Outcome | Permutations | Returns |
|---|---|---|---|---|
| Liverpool | EVENS | Win | L and Ar | £0 |
| Arsenal | 2/1 | Lose | L and MC | £8 |
| Manchester City | 3/1 | Win | L and AV | £10 |
| Aston Villa | 4/1 | Win | Ar and MC | £0 |
| Ar and AV | £0 | |||
| MC and AV | £20 | |||
| L, Ar, and MC | £0 | |||
| L, Ar, and AV | £0 | |||
| L, MC and AV | £40 | |||
| Ar, MC, and AV | £0 | |||
| L, Ar, M C and A V | £0 | |||
| TOTAL STAKE | £11 | TOTAL RETURNS | £78 |
As you can see from the table above, if three of your teams win, you will win money from the three doubles (£8 + £10 + £20) and one treble (£40). This gives you a total return of £78. Your profit in this instance is £67 overall.
Scenario #4: Liverpool, Arsenal, Manchester City and Aston Villa
| Team Name | Odds | Outcome | Permutations | Returns |
|---|---|---|---|---|
| Liverpool | EVENS | Win | L and Ar | £6 |
| Arsenal | 2/1 | Win | L and MC | £8 |
| Manchester City | 3/1 | Win | L and AV | £10 |
| Aston Villa | 4/1 | Win | Ar and MC | £12 |
| Ar and AV | £15 | |||
| MC and AV | £20 | |||
| L, Ar, and MC | £24 | |||
| L, Ar, and AV | £30 | |||
| L, MC and AV | £40 | |||
| Ar, MC, and AV | £60 | |||
| L, Ar, MC and AV | £120 | |||
| TOTAL STAKE | £11 | TOTAL RETURNS | £345 |
Now, if you got all your predictions right and all four teams win, you win all of your 11 bets. This results in a whopping total of £345. Your profit in this case is £334.
If you want to see the computations for other scenarios, you can use a Yankee bet calculator online. You can easily find one at a new sports betting website.
Why Use a Yankee Bet?
Now that you know how a Yankee bet works, you might be looking at the computations and thinking, “Wait a minute… I could place the same £11 on a fourfold bet and win more money instead of a Yankee!”
Indeed, this is true. If you simply wager of a fourfold, then your winnings will be greater. If we follow the odds in the example above, wagering £1 results in £120. So if you wagered £11 on the fourfold and won, then your winnings would be £1,320.
But the thing is, your chances of winning a fourfold are dramatically less than your chances with a Yankee bet. With a Yankee, you have eleven possible combinations that could yield profit. By having multiple combinations, you are “spreading risk.” Think of Yankee bet as insurance where you can still win overall, even if you lose to one selection. If you make your Yankee picks wisely, you should have plenty of profit-making potential – arguably more than if you kept placing fourfold bets.
What is a Canadian Bet?
The Super Yankee bet (also called a Canadian bet) pretty much works the same way as the Yankee bet. The only difference is that you are betting on five teams (or individual players). Betting on five results in a total of 26 bets. Here is what the Super Yankee bet consists of:
- 10 Double Bets
- 10 Treble Bets
- 5 Fourfold Bets
- 1 Fivefold Accumulator
- TOTAL = 26 Bets
Since a Yankee bet is a combination of 26 bets, instead of paying £1 for a single bet, you will be paying £26 for the Super Yankee. Just like the Yankee bet, you need at least two selections in order to gain a return with a Super Yankee bet.
Here are the possible outcomes of the Super Yankee bet explained:
- If none of the teams win their matches, you lose your entire stake.
- If one team wins a match, you still lose your entire stake.
- If two teams win their matches, then that means one out of the ten Double Bets is a winner. All the remaining 25 bets lose.
- If three teams win their matches, then that means three of your Double Bets won, and one of your Treble Bets won. The remaining 22 bets lose.
- If four teams win their matches, then 11 bets out of your Super Yankee wins – 6 Double Bets, 4 Treble Bets, and 1 Fourfold Bet.
- If all five teams win, then all your 26 bets also win.
As you can already imagine, the number of possible outcomes for a Canadian bet is huge. There are so many possible outcomes when you make a Super Yankee bet. The amount you will receive will primarily depend on the odds of your selected teams.
Let’s say that instead of four football clubs, you want to bet on five. Because you were so impressed at the performance, odds and stats of Leicester this year, you wanted to add the club to your bet slip. So your teams are now: Liverpool (EVENS), Arsenal (2/1), Manchester City (3/1), Aston Villa (4/1), and Leicester (16/1). You are setting your stake at £1, so your total stake is £26.
Here are some possible returns that you will receive:
| Winning Teams | Odds | Total Return | Total Profit |
|---|---|---|---|
| Liverpool, Arsenal | (1/1) + (2/1) | £6 | – £20 |
| Aston Villa, Leicester | (4/1) + (16/1) | £85 | £59 |
| Arsenal, Aston Villa, Leicester | (2/1) + (4/1) + (16/1) | £406 | £380 |
| Liverpool, Arsenal, Aston Villa, Leicester | (1/1) + (2/1) + (4/1) + (16/1) | £1,268 | £1,242 |
| All Five Teams | (1/1) + (2/1) + (3/1) (4/1) + (16/1) | £6,448 | £6,422 |
How to Place a Yankee and Canadian Bet
If you want to place a Yankee or Canadian Bet, go to a trusted sportsbook. It would also be great if you can use some nifty sports betting bonuses on these kinds of bets. Online bonuses will allow you wager a greater amount on your Yankee bet, or it could give you the chance to place more bets on your favourite sports.
Nearly all of the top sports betting sites in the UK feature bonuses. Instead of checking our all these sites yourself, you can just visit our all sports betting site reviews here on hityah.com for all of the information that you need. We talk about current promotions, ongoing promotions, special features, and many other freebies that you can claim.
Once you have selected an online sportsbook, you can begin placing your wager! First, find the page or tab of the sport that you want to bet on, and then click which event. You will be shown the teams, players or runners competing for the event. Click on the odds that are shown. After you have clicked that, the name and the odds will appear on your bet slip which is typically located at the right-hand side of the screen. Continue to select which events and teams you want to bet on until you have reached four (for the Yankee bet) or five (for the Canadian bet).
You will see all of your selections reflected on your bet slip. You can then choose “Yankee” or “Super Yankee” by ticking the corresponding box. Most sportsbooks will even have the (x11) sign beside the Yankee and (x26) sign beside the Super Yankee to remind you how much your individual stake will be multiplied.
Once you have selected which type of bet you want to go with, your betting slip will reflect the amount of your total stake. Have one last look over your bet to make sure everything is set, and then submit your wager.
Now all that is left to do is wait for the all of your events to finish to see how much you have earned!