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Yankee betting describes a form of accumulator which consists of four selections combined as a range of bets. It is known as a full cover bet, which means that, using four selections, every possible combination of bet is included.
Because of its relative complexity, Yankee betting is a form of betting which is probably best avoided by novice gamblers. The four selections chosen will be used to create 6 double bets, 4 treble bets and a fourfold accumulator. This makes 11 bets in all, so whatever the initial stake is it will have to be multiplied by 11 in order to calculate the full amount the bet will cost to place.
Having made four selections, or picks, of horses, teams or players, a bettor could simply place a single stake on a fourfold accumulator and make more of a profit if all four choices win. The advantage of a Yankee, however, is that only two of the picks have to win in order for a profit to be made, thus the risk is spread and a bettor could feel more able to include at least one pick with higher odds. This would prove to be less of a rick than in a simple accumulator, but would greatly increase the potential pay out if all four picks are successful.
The key to successful Yankee betting lies in balancing out the additional expense involved with the increased coverage. Research and a knowledge of recent form and other decisive factors will play a large part in making the kind of selections which are likely to win as many of the different sections of the bet as possible.