Yankee Bet

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If you've lived in the United Kingdom for any length of time and never placed a wager on the horses, then you might well have asked yourself why. To place a wager is as much a part of British heritage as the monarchy and steak and kidney pie. In fact the curious named Yankee Bet is rather misleading in that most modern forms of betting come directly from the United Kingdom’s long love affair with horse racing.

Free Racing Tips Those who have a fair understanding of horse racing, will certainly know the expression 'The Sport of Kings'. This expression is not one of those mistaken labels, it is one which traces directly back to the modern form of horse racing, and from there it's a short trip to the concomitant pleasure of placing a wager, even if happens to be called a Yankee Bet. It is the aristocracy who first began racing their prize horses against each other. Although there is a history of horse racing tracing back thousands of years, variously including civilizations like the Mesopotamia and Ancient Rome, it was during the 17 and 18th centuries that horse racing become a formalized sport.

Today it can be enjoyed in much the same way, with all the essential qualities of drama, excitement and the potential for life altering winning tickets. One thing which has changed since Charles II began moulding the sport into the incarnation in which it is found today, is the many ways and types of wager which punters can place.

Betting is not always an easy thing to grasp when first attempting to engage horse racing as a sport. Fortunately, there is no need to dive right in a take on the likes of the Yankee Bet or the Goliath. Before you get to such detailed and complex wagers, if you ever do, there are many other of lesser difficulty, each with their own merits and suited to the different approaches to horse racing.

The newcomer to wagering will have some basic options. These are easy to understand, a perfect introduction to the peripheral aspects which will later come into play for a more serious wager, and there is always the chance that they’ll actually win something. In fact, the opportunities to win on the basic wagers, like the backing a horse to 'win' or 'place', are generally higher than for the more difficult ones, especially when you start getting into accumulator territory.

The problem with the basic wagers is that, because it's easier to place a wager which pays off, the odds are less rewarding than with the other, more advanced options. This is why it can be fun and exciting to simply place a wager on a favourite, but what you get out if you win will not be much compared to something like the Yankee Bet.
Yankee Bet, inside rail

A wager like the Yankee Bet takes a great deal of experience with the sport and with the art of betting itself. No methodical punter would take on this type of wager, or even a lesser one with a similar nature, unless they felt they had a fairly decent chance of forecasting the outcomes of more than one race. To do this, a punter will have to consider all sorts of information that those placing taking a 'win' or 'place' wager won't have to worry about. The serious wager requires the punter to be able to make an educated guess about the horses running in the various races, as well as their experience with the kind of track, whether they'll handle certain distances; perhaps they'll also consider the jockey, trainer and the condition of the turf. On the other side, favourites and odds need to be considered. A punter who pays attention to the horses, who is practiced at 'handicapping', will be able to spot the difference between a hyped-up favourite and a true favourite, thus allowing him to capitalize on better odds.

Yankee Bet, winner Of course, those who have the experience and can take a wager like the Goliath or any accumulator with confidence are a rare breed. Many never get there at all, and many don’t even try.

Those who are good at handicapping, will often settle for less complex wagers like the Trifecta, which is really simple to understand and yet requires a lot of skill to forecast intelligently. The Trifecta requires that the punter select the first, second and third horse in the right order for a single race.

This may seem simple, but it is requires a detailed knowledge of many seemingly disparate elements in order to make a prediction which stands any kind of hope of coming true.

The Yankee Bet is a different type of wager altogether. It requires that the punter pick four selections, all running is separate races. Like all similar wagers, it is really made of smaller wagers, each win being added to the next until a race is lost, or, as every punter hopes, all selections prove correct. The rewards are considerable for this level of difficulty. One of the nice things about a wager like this is that it doesn’t require a huge stake to pay well. This is sometimes part of its tempting nature, since those who are savvy enough to be able take on an accumulator wager with confidence might want to make it worth their while. Needless to say, the larger the stake, the bigger the chance of winnings which are of a truly impressive.