Each-way Yankees give you a payout for each horse that places as well as every horse that wins. … This means a £1 each-way bet (costing £2) on a 5/1 horse pays out at evens if your horse makes the places, meaning your return would be your £1 profit, plus the returned £1 stake for the winning place bet.
How does an each way Yankee work?
When placing an each-way Yankee, the number of bets you are placing is doubled from 11 to 22. In effect, you are backing all of them twice – once for all of them to win, and again for all of them to place.
How does an each way bet payout?
If you place a bet which is EW (1/5, 3 places) and your horse finishes in the top 3, you’ll win your bet. The place portion of your bet will pay out at 1/5 of the odds that you took that horse for. Should the horse come first you’ll receive the pay out on both the Win and Place portions of your bet.
How much does a 50p each way Yankee cost?
A 50p each-way Yankee is calculated as 22 (11+11) x 0.50 which would require a total stake of £11. Each-way betting options are only available on a small number of sports including horse racing and greyhound racing.
Is a Yankee a good bet?
When is a Yankee the better option? A Yankee bet is likely the better option when you believe that two or more of your selections have a very good chance of winning, but where backing as a single bet would only guarantee a very low return and may not cover your initial wager.
How do you calculate a Yankee bet?
A Yankee bet is where you pick 4 selections. The bet is then made up of 1 fourfold, 4 trebles with three of the selections, and 6 doubles with two of the selections. Some bookmakers will offer an All Winner Bonus if all four selections win which is applied to the total return.
Can you lose money on an each-way bet?
Multiple bets are a prime example of where you can lose money on a winning bet, while it’s also possible to lose money on an each-way bet. Dead-heat rules and Rule-4 deductions can also make a winning bet into a loser.
How much do I get back on a each-way bet?
Bet £5 each way on a horse with win odds of 5/1 (total stake £10). If it places you lose your £5 win bet, but the place part of your each-way bet pays out at a fifth of 5/1, which is evens (1/1). This means you get back the £5 stake from the place part of your bet plus £5 winnings (£10).
Is an each-way bet worth it?
Each way matched betting is a profitable strategy to create value out of horse racing bets. Betting each way on horses gives us an advantage because bookmakers don’t set the place odds according to probability. They are simply always tied to the win odds (a 1/4 or 1/5 fraction of the win price).
What is a Lucky 31 bet?
A Lucky 31 consists of 31 bets of equal value on selections in five separate events: five singles, ten doubles, ten trebles, five four-folds and one five-fold accumulator.
What is a 4 fold bet?
A Four-Fold Accumulator is one bet made up of four selections in different events. If they all win, so do you. But if any of the selections lose, your bet does too.