A Yankee Bet is a type of accumulator bet in sports betting, specifically in horse racing and greyhound racing, although it can be applied to other sports as well. It is a combination bet that consists of four selections, and it includes seven different bets: one four-fold accumulator, three treble bets, and three double bets.

Here’s how it breaks down:

– **Four-Fold Accumulator (Four-Fold):** This is a bet on all four selections to win. If all four selections win, the bet pays out.

– **Three Trebles:** These are three separate bets, each covering any three of the four selections. There is one treble bet for selections 1-2-3, one for selections 1-2-4, and one for selections 1-3-4.

– **Three Doubles:** These are three separate bets, each covering any two of the four selections. There is one double bet for selections 1-2, one for selections 1-3, and one for selections 1-4.

The advantage of a Yankee Bet is that it offers a variety of winning combinations, which means you can still win a return if not all of your selections are successful. However, it is important to note that a Yankee Bet involves a higher stake because you are placing seven separate bets. If you’re placing a £1 Yankee, for example, your total stake would be £7.

If any of the selections lose, the bet is still alive for the remaining combinations, but the returns will be reduced accordingly. A Yankee Bet can be a good way to spread the risk across multiple selections while still having the chance to win a substantial return if all selections are successful.