yankee betting explained synonym

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Yankee betting explained synonym i want to bet on college football

Yankee betting explained synonym

The 'multiple-selection' bets in particular are most often associated with horse racing selections but since the advent of fixed- odds betting on football matches some punters use these traditional combination bets for football selections as well. Forecasts are bets on a single event that require the correct forecasting of the finishing order of usually the first two or three finishers in the event. A straight forecast or computer straight forecast is a wager requiring the naming of two selections a and b to finish 1st and 2nd in the correct order in a specified event.

Usually declared on horse and greyhound races of three or more runners. Equivalent to the USA exacta or perfecta , or the Canadian exactor. A reversed forecast RF is a wager requiring the naming of two selections to finish 1st and 2nd in either order in a specified event. Requires two unit stakes. A combination forecast is a wager on three or more named selections in order to choose two of the selections to finish 1st and 2nd in the correct order in a specified event. A tricast is a wager requiring the choosing of three named selections a , b and c to finish 1st, 2nd and 3rd in the correct order in a specified event.

Accepted on horse races where 8 or more horses are declared and at least 6 run, and on greyhound races of 5 or more runners that form part of the bookmakers' main service. Rule 4, or Rule 4 c given its full title, is an agreed industry standard deduction strategy drafted in the Tattersalls Rule of Racing that governs all racing, which protects bookmakers in the case of non-runners.

Your bookmaker will then reduce your pay-out should your selection win, with the reduction depending on the price of the withdrawn runner. Rule 4 does not affect your rights to a stake refund on the withdrawn selection, or any subsequent non-runner prior to coming under starters orders.

Are there any exceptions to Rule 4? There are some bookmakers which have done away with some of the lowest deductions, in particular the 5p rule. An example is Ladbrokes, they dismissed the 5p reduction a long time ago. Ante-post bets are an exception to Rule 4 deductions. Bets placed on an ante-post market will not be subject to a Rule 4 deductions regardless of any non-runners. Where does the Rule 4 odds price come from? The Rule 4 price will be dependent on the odds at which the non-runner was trading at the time of its withdrawal, and will be specific to the bookmaker you have placed your bet with.

For example, two different bookmakers may have the horse priced differently when it is declared a non-runner, and your Rule 4 will be defined by the price listed with your chosen bookmaker. However, if you have placed a starting price bet this will not come into effect as the market will be reformed and the SP adjusted appropriately.

If your selection is withdrawn after the starting price has been announced and before the market can be reformed, then the price will be adjusted accordingly. This will not effects bets where a fixed price is taken after the market has been reformed.

Winnings will only be deducted from wagers placed before reformed market prices are announced. Price at Withdrawal. R4 Deduction. Over No deduction.

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If just one does not win, the bet loses. This kind of a bet is therefore likely to pay out more than a yankee bet because it is more difficult to win. A yankee bet is made up of 11 bets from four different selections. The bets that comprise the yankee are six double bets, four treble bets and one four-pronged accumulator. Applying this to an example in football shows how the yankee bet works in practice. The return made on these bets would differ depending on which ones were correctly forecasted, because some are less probable than others.

For example, it is less probable for the four-fold accumulator to win than it is for one of the double bets to win. It is also important for bettors to keep in mind that a yankee bet costs more than a traditional bet. As there are 11 bets being made, the stake is multiplied by 11, to cover each bet.

Yankee bets are available in a wide variety of sports, but they most often appear in greyhound racing, football and horse racing. This kind of bet cannot be placed on one single event. Four selections from four different events must be made instead. Bettors who wish to make multiple selections on one single event should explore the different kinds of forecast bets that are available.

A yankee bet is a kind of multiple bet and there are several different kinds of multiple bets that bettors can place. As the name suggests, double bets allow the bettor to make two different selections in one single bet. If both of these selections win then the bettor will make a return. If neither of them wins or just one of them wins, the bettor will not make a return.

Treble bets add a third selection and if all three win then the bettor makes a return. A trixie bet also allows bettors to make three selections, but four bets are made: three double bets and one treble bet.

This means that bettors can afford to have one of their selections lose and still make a return under the conditions of a trixie bet. Each horse is priced at 2. In the real world, each horse will not be priced 2. The example does show that generally, three winning selections makes it likely to break even. Four and five selections will be likely to generate a profit.

A Super Yankee bet is a more exciting way to bet on a multiple that increases the chance of a return. The disadvantage of a Super Yankee bet is that it does require a higher stake. With 26 bets instead of one, the stake will be much higher. You need to consider the increased chance of winning is worth the higher stake. An each way Yankee bet consists of 52 bets. Lucky 31 bets also feature five selections, but there is a key difference. There are an extra five single selections too.

A Super Yankee Bet consists of 26 bets over five different selections. It has ten doubles, ten trebles, four five-fold accumulators and one five-fold accumulator. Although it has a higher stake than a traditional accumulator, it does make a return more likely. To know more about our writers and our ranking method you can learn more about MyBettingSites.

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Thus the overround has slightly more than doubled by combining two single bets into a double. This is why bookmakers offer bets such as Lucky 15 , Lucky 31 and Lucky 63 ; offering double the odds for one winner and increasing percentage bonuses for two, three and more winners. In general, for any accumulator bet from two to i selections, the combined percentage overround of books of B 1 , B 2 , In settling winning bets either decimal odds are used or one is added to the fractional odds: this is to include the stake in the return.

The place part of each-way bets is calculated separately from the win part; the method is identical but the odds are reduced by whatever the place factor is for the particular event see Accumulator below for detailed example. All bets are taken as 'win' bets unless 'each-way' is specifically stated.

Non-runners are treated as winners with fractional odds of zero decimal odds of 1. Fractions of pence in total winnings are invariably rounded down by bookmakers to the nearest penny below. Calculations below for multiple-bet wagers result in totals being shown for the separate categories e. Each-Way multiple bets are usually settled using a default " Win to Win, Place to Place " method, meaning that the bet consists of a win accumulator and a separate place accumulator Note: a double or treble is an accumulator with 2 or 3 selections respectively.

However, a more uncommon way of settling these type of bets is " Each-Way all Each-Way " known as " Equally Divided ", which must normally be requested as such on the betting slip in which the returns from one selection in the accumulator are split to form an equal-stake each-way bet on the next selection and so on until all selections have been used.

Double [11] [12]. Note: " Win to Win, Place to Place " will always provide a greater return if all selections win, whereas " Each-Way all Each-Way " provides greater compensation if one selection is a loser as each of the other winners provide a greater amount of place money for subsequent selections. Treble [11] [12]. Accumulator [11] [12].

Note: 'All up to win' means there are insufficient participants in the event for place odds to be given e. The only 'place' therefore is first place, for which the win odds are given. Trixie , Yankee , Canadian , Heinz , Super Heinz and Goliath form a family of bets known as full cover bets which have all possible multiples present. Examples of winning Trixie and Yankee bets have been shown above. The other named bets are calculated in a similar way by looking at all the possible combinations of selections in their multiples.

Note: A Double may be thought of as a full cover bet with only two selections. Should a selection in one of these bets not win, then the remaining winners are treated as being a wholly successful bet on the next 'family member' down. For example, only two winners out of three in a Trixie means the bet is settled as a double; only four winners out of five in a Canadian means it is settled as a Yankee ; only five winners out of eight in a Goliath means it is settled as a Canadian.

The place part of each-way bets is calculated separately using reduced place odds. Thus, an each-way Super Heinz on seven horses with three winners and a further two placed horses is settled as a win Trixie and a place Canadian. Virtually all bookmakers use computer software for ease, speed and accuracy of calculation for the settling of multiples bets. Patent , Lucky 15 , Lucky 31 , Lucky 63 and higher Lucky bets form a family of bets known as full cover bets with singles which have all possible multiples present together with single bets on all selections.

An examples of a winning Patent bet has been shown above. The other named bets are calculated in a similar way by looking at all the possible combinations of selections in their multiples and singles. For example, only two winners out of three in a Patent means the bet is settled as a double and two singles; only three winners out of four in a Lucky 15 means it is settled as a Patent ; only four winners out of six in a Lucky 63 means it is settled as a Lucky Thus, an each-way Lucky 63 on six horses with three winners and a further two placed horses is settled as a win Patent and a place Lucky The overall 'odds multiplier' is a combined decimal odds value and is the result of all the individual bets that make up a full cover bet, including singles if needed.

This is equivalent to the OM for a Patent treble: abc ; doubles: ab , ac and bc ; singles: a , b and c plus 1. Now multiply by the unit stake to get the total return on the bet. The winning Patent described earlier can be more quickly and simply evaluated by the following:.

For the family of full cover bets that do not include singles an adjustment to the calculation is made to leave just the doubles, trebles and accumulators. In effect, the bet has been calculated as a Lucky 15 minus the singles. In the days before software became available for use by bookmakers and those settling bets in Licensed Betting Offices LBOs this method was virtually de rigueur for saving time and avoiding the multiple repetitious calculations necessary in settling bets of the full cover type.

A Round Robin with 3 winners is calculated as a Trixie plus three Up and Down bets with 2 winners in each. A Round Robin with 2 winners is calculated as a double plus one Up and Down bet with 2 winners plus two Up and Down bets with 1 winner in each.

Flag and Super Flag bets may be calculated in a similar manner as above using the appropriate full cover bet if sufficient winners together with the required number of 2 winner- and 1 winner Up and Down bets. Note: Expert bet settlers before the introduction of bet-settling software would have invariably used an algebraic-type method together with a simple calculator to determine the return on a bet see below. From Wikipedia, the free encyclopedia. This article relies largely or entirely on a single source.

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