If you do an each-way Yankee and one horse wins and one is placed, do you get any money back?

Question

If you do an each-way Yankee and one horse wins and one is placed, do you get any money back?

Answer 1

Yes you do.

An each-way yankee consists of 22 bets so if say, your stake is £1 it will cost you £22

The bet consists of:

6 x win doubles

4 x win trebles

1 x win fourfold

6 x place doubles

4 x place trebles

1 x place fourfold

In this case you have one winner and one placed horse. The bookies will pay you for a place double. They cant pay you a win double as only one has won.

Lets say your winner was 12/1 and your place was 4/1 and assume that both races paid 1/4odds

This would payout..

(12/4 + 1) x (4/4 + 1) x stake

=4 x 2 x £1

=£8

Hope this helps