In sports betting and horse race betting, a Yankee is a full coverage combination bet, which is made up of four selections. Consequently, all the possible combinations of bets from those four selections are always included. This means that a Yankee bet consists of six doubles, four trebles, and a fourfold accumulator wager which is made up of all four selections.
All in all, placing a $1 Yankee bet will cost you $11 in stake. Please note that usually at least two of your individual wagers have to be successful in order for you to get a return and that single selections are not included in a Yankee bet.
A Yankee bet on teams A, B, C and D consists of the following selections:
Double bets: AB, AC, AD, BC, BD and CD
Trebles: ABC, ABD, ACD and BCD
Accumulator bet: ABCD
Yankee bets are considered rather difficult, especially if you don’t understand all the elements of the bet. Consequently, many online sports betting sites give you access to special bet calculators that allow you to go through multiple variants of such bets and quickly get a grasp on the possible returns each of them would offer.