What Does Super Yankee Mean In Sports Betting and Wagering?
by Doc's Sports - 10/10/2014
Those crazy Brits - they do love to bet on sports. The Super Yankee is a crazy type of mega-bet involving multiple games that British bookmakers will take. It can be found in some spots online as well. Word is that is has its name because an American soldier once made the bet and won handsomely. It can also be referred to as a Canadian.
To bet a Super Yankee you start by picking five teams that you like. With this bet those five teams are combined into 26 different parlay bets for you - you pay one price, and get 26 different bets. You get 10 two-team parlays, 10 three-team parlays, five four-team parlays and one five-team parlay. So, in other words, you pick five teams and get every possible combination of two-, three-, four- and five-team parlays for them. Obviously, the more teams you pick correctly, the more of your bets you will win, and the more you will make in the end. Each bet as part of the Super Yankee pays off as it would if you were to make it individually.
Sounds insane, and it would certainly give you a lot to cheer for. There is a big problem with it, though - at least for serious bettors. Typically, pointspread parlays are a bad bet. Unless you have a significant edge in each game in a parlay - and most people don’t - then the true odds of a parlay are well below the potential payoff. Said another way, the risk you are taking in betting parlays is bigger than the reward you are getting back. The payoffs can seem significant, but for most bettors in most situations they aren’t big enough to generate a long-term profit. Sportsbooks have a big edge in parlays - which is why they are so happy to offer them, and make them so easy to play with parlay cards. With a Super Yankee you are making not one parlay that isn’t mathematically sound, but rather 26 of them. 26 wrongs do not make a right, so you are just amplifying your mathematical disadvantage.
There is another problem, too. When you are betting 26 different combinations there are going to be some that are more likely than others. If you were to evaluate each bet separately there are probably some you wouldn’t want to make, but the Super Yankee forces you into them. Even if some of your bets were value plays, then, some won’t be, and chances are very good that the bad will outweigh the good and your overall long term expectation will be negative.
In most cases, then, the Super Yankee is a sucker bet.
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