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Lay a Yankee and Union Jack
The bets your bookie loves to Lay
can also be Layed on Betfair or any other exchange.

List of all available spreadsheets.

Multiple bets are the bread and butter of being a bookie.
Bookies like nothing better than Yankee and other combination bets.
Some major bookies are so keen to accept these bets that they even offer bonuses to encourage punters to bet using a Yankee, Canadian, Heinz, Union Jack etc.

Now is your chance to follow their example, and Lay as many Yankees or Union Jacks as you like on Betfair or any other betting exchange.
You select the horses, golfers, football teams etc. to lose.

You may decide to bet and Lay an Accumulator, in a similar way to betting and laying an odds movement.
That has the potential to pay much better than trading a few ticks for a single runner or team.

Lay a Yankee.

Lay Yankee Strategies.

Lay a Union Jack.

Union Jack Strategy.

Lay accumulators

Lay a Trixie or Bet a Trixie

Use an Excel spreadsheet, and you don't even need to know the math's involved, but here for interest is how it is done.
Excel spreadsheets which enable you to Lay these bets are available below.

Lay a Yankee.
As you know, a Yankee is 4 selections combined in 11 bets consisting of 6 doubles, 4 trebles and one 4 timer.
These are the combination bets for 4 selections A, B, C, and D that comprise a Yankee :-

6 Doubles - AB, AC, AD, BC, BD, CD.
4 Trebles - ABC, ABD, ACD, BCD.
1 Four timer ABCD.

To work out the stake required for each runner, we need to look at how many bets are starting from scratch with that runner, and how many bets on that runner are the 2nd, 3rd, and 4th parts of doubles, trebles and the 4 timer.
Then, add together the number of starting stakes, and the doubles, trebles, and the 4 timer  at that stage.

For instance, the first runner A appears at the start of 3 doubles, 3 trebles and 1 four timer, so carries 7 initial stakes.

Runner B appears at the start of 2 doubles, and 1 treble (3 initial stakes).
Additionally, B appears in the 2nd part of 1 double, the 2nd part of 2 trebles, and 1 four timer.

We can work out the stakes for runners C and D in a similar way.

Excel spreadsheets are a quick and reliable way of doing calculations.
You can build a spreadsheet from the basic outline above, or purchase an excellent spreadsheet here for only a fiver.
Lay Yankee spreadsheet.
You will need Excel 2000 or a later version to view this spreadsheet.

This Lay Yankee spreadsheet calculates instantly the stakes required to Lay each runner of your Yankee in sequence.
The only inputs required are the amount of your basic stake, which can be less than 2 and the odds of your selections.
A unit stake of 30p would be sufficient to start your yankee with an initial Lay of 2.10.

As your Lay Yankee progresses, the spreadsheet shows

  • The stake required for runner A, B, C, or D

  • Your profit from successful Lays so far

  • The payout on any winners.

  • The "End Product" of profit or loss on losers or winners so far..

This spreadsheet can be used to Bet or Lay a Yankee.

Just 1 successfully layed 50p Yankee could pay for your Yankee spreadsheet.

After payment via PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the Excel spreadsheet file.

Lay Yankee spreadsheet price = 5.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below.

Lay Yankee Strategies.
You can see from the formulas that 7 bets fail if runner A loses.
A further 3 bets fail if runner B loses.

If the first runner in your Yankee is a loser, you win 7 stakes, so one strategy could be to pocket those 7 stakes and start another Yankee from scratch.
A bookie doesn't have this option, and has to stand all subsequent bets.
One drawback of this strategy is that if you hit a winner, your first winner would always be runner A, so subsequent Lays would all carry higher stakes.

3 Doubles and a Treble.
You may be concerned that sooner or later a few consecutive winners will come along and the high liabilities involved may take you beyond your comfort zone.
To avoid this scenario, the Lay Yankee spreadsheet above can be used to Lay 3 Doubles and a Treble, rather than the whole Yankee.
Simply input runner A as a loser, and the spreadsheet then covers only runners B, C, and D leaving you with just 3 Doubles and a Treble.

Strategy.
Again, your first runner carries most stakes.
In this case, your first runner starts 2 doubles and a treble.
If your first runner loses, you could pocket 3 stakes and start from scratch again.
Once again, a drawback of this strategy is that if you hit a winner, your first winner would always be runner B, so subsequent Lays would all carry higher stakes.

Laying Yankees works for bookies, so why not for you ?
Why not choose 4 horses today TO LOSE and see what happens ?

Lay a Union Jack.
The Union Jack is another very popular combination bet, at least with bookmakers.
This comprises 9 selections in 8 trebles.

9 runners, are set out in a 3 by 3 grid.
A, B, C
D, E, F
G, H, I
The trebles covered are 3 horizontally, 3 virtically and 2 diagonally.

With 9 selections, there are a possible 84 treble combinations, but a Union Jack covers only 8 of them, leaving the punter with less than a 1 in 10 chance of hitting a winning treble combination.
As a layer we can take advantage of this by laying those 8 trebles from 9 selections, just as bookies do.
It is possible to hit 6 winners with no payout.
An example is shown in bold above.
There will be other combinations.

These are the combination bets for your 9 selections A, B, C, D, E, F, G, H, and I that comprise a Union Jack :- 
ABC, DEF, GHI, ADG, BEH, FCI, AEI, CEG.

To work out the stake required for each runner, we need to look at how many bets are starting from scratch with that runner, and how many bets on that runner are the 2nd, and 3rd parts of  trebles.
Then, add together the number of starting stakes, and the trebles  at that stage.

For instance, the first runner A appears at the start of 3 trebles so carries 3 initial stakes.

Runner B starts 1 treble and appears in the 2nd part of 1 treble.
B carries 1 initial stake plus 1 accumulator  ...... and so on for runners C to I.

Excel spreadsheets are a quick and reliable way of doing calculations.
You can build a spreadsheet from the basic outline above, or purchase an excellent spreadsheet here for only a fiver.
Lay Union Jack spreadsheet.
You will need Excel 2000 or a later version to view this spreadsheet.

This Lay Union Jack spreadsheet calculates instantly the stakes required to Lay each runner in sequence.
The only inputs required are the amount of your basic stake, which can be less than 2 and the odds of your selections.
A unit stake of 70p would be sufficient to start your Union Jack with an initial Lay of 2.10.

As your Lay Union Jack progresses, the spreadsheet shows

  • The stake required for each runner A, to i

  • Your profit from successful Lays so far

  • The payout on any winners.

  • The "End Product" of profit or loss on losers or winners so far..

This spreadsheet can be used to Bet or Lay a Union Jack..

Just 1 successfully Layed 70p Union Jack could pay for your spreadsheet.

After payment via PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the Excel spreadsheet file.

Lay Union Jack spreadsheet price = 5.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below.

Union Jack Strategy.
You can see from the description above that 4 bets fail if runner E loses, and 3 bets fail if any runner A, C, G or I loses.
If E and just one of those runners A, C, G, or I lose, 6 of the 8 trebles fail.
These need to be your banker Lays.

Additionally, since runner E appears most often, it may pay to target shorter prices for that selection in order to keep any liabilities at a more comfortable level.

Bookie's customers may mostly stick to a single sport such as horse racing, but you can Lay any sporting or other event that is available, and your lays don't have to be all on the same day.
You can spread your selections over any timescale, days, weeks, months - it doesn't matter.

Here's your chance to be the bookie who Lays those Union Jack bets !
With the added bonus that you make the selections.

This works for bookies, so why not for you ?
Why not choose 9 horses today TO LOSE, calculate them as a Union Jack and see what happens ?

__________________________________________________________________________________________

Lay an accumulator.
You may decide to bet and lay an accumulator, in a similar way to betting and laying an odds movement for a single runner.
With more runners involved, that has the potential to pay much better than trading a few ticks for a single runner or team.

Alternatively, you may be looking to trade a bookie refund offer or a free bet that involves an accumulator bet.
Those can be traded using the same principles as for a single runner, but with more runners involved.
Whatever your bookie offer, "A Percentage of of Winnings Added", "Lose Only = Stake Refunded", etc., the basic staking principles are the same.
Whatever your reason for laying an accumulator, the spreadsheet package below should be able to sort out the staking for you.

Strategy.
The idea is to bet your accumulator with a bookie or an exchange and lay the other end of it using a spreadsheet to show the lay stakes required.

  • If we hit all winners, we need our total lay payout to be less than our accumulator bet winnings.

  • If we hit a loser, we need the total of our good and bad lays combined to pay more than our losing bet stake

If we can manage both of those, we have profit whatever the results.
That may look impossible as bookie bet odds will usually be lower than lay odds before our events take place, but it can be done, as described in the videos below.
If our trade involves a bookie refund or free bet, trading to profit can be very low risk risk, especially if we can get away with betting and laying just a double rather than a treble or 4 timer.
Note that I do not have a strategy for laying "One Leg Lets You Down" bookie refund offers.
You will need your own ideas to lay those to guaranteed profit.
I don't have an answer for those.

There are 2 ways to tackle laying an accumulator :-

  • Select events with time between each so that we can lay them one at a time - - ideal for bookie refunds.
    Bet your accumulator and then lay one runner at a time as your events take place.
    One event ends, so we know the result and can work out our next stake before we lay the next event.
    Use a "Lay to a Profit Target" spreadsheet to show the staking.
    This method is ideal for trading bookie refunds and free bets that involve an accumulator.

  • Select football games that all kick off at the same time or very close, and bet your accumulator.
    Wait for the teams to score and get in front, and then lay them at lower odds.
    Use a Dutching spreadsheet to show the staking.
    Use this Dutching method to trade the odds of an accumulator - - bet high  and lay low just as we would a single runner in any market.
    Alternatively, use this method if you have a free bet with a bookie that involves games that all kick off at roughly the same time..
    Waiting for goals from our teams carries risk, but payout can be very nice if 2 of our teams manage to lose after we have layed them at low odds.  It does happen !!
    The thing to avoid here is :-  don't lay at all if you are a goal short of a good trade - - - - don't risk lay liabilities on top of a losing bet stake.
    It is much cheaper to simply write off the losing bet stake of your accumulator rather than risk liabilities as well as a losing bet whilst you wait for one team in your accumulator to score.
    I learned that the hard way.

Copyright notice.  In the videos below, Betfair content shown is for demonstration purposes only, and is presented with the kind permission of The Sporting Exchange Limited.  The Sporting Exchange Limited.
Copyright notice. In the videos below, BETDAQ content shown is for demonstration purposes only, and is presented with the kind permission of The Global Betting Exchange.

  1. Video 1   Demonstrates the 2 spreadsheets in my "Lay an Accumulator" Excel file.
  2. Video 2.  How to lay various different bookie accumulator refund offers - - using a Lay to a Profit Target sheet.
  3. Video 3   Describes the Dutching sheet again (an earlier version), but demonstrates laying a treble at about 5 minutes onwards.
  4. Video 3   Describes 5 of my Dutching trades and shows the stakes in my accounts.
    Note that
    Dortmund only scored one early goal, not 2  . . . . a mistake in my commentary.
  5. Video 5.  Live trade.  Bet 3 football teams in a treble and lay them In Play in Betfair.
                  This video shows how to use the Dutching spreadsheet to work out the lay stakes during the trade.
                  Although the profit from this trade was small, this is a good demo of how to tackle this kind of trade. 
                  The video demonstrates several aspects of what to expect from betting and laying an accumulator with games
                  all kicking off at the same time :-
                 1.  We don't always need to lay every team.
                 2.  We can also get away with laying just 2 of the 3 teams.
                 3.  If goals go in our favour, we can show a profit if we hit all winners, or any combination of losers.
For a BIGGER VIEW of these videos, click the small icon bottom right with 4 square corners.
To move from one video to the next, click the double arrow icon, bottom left of the YouTube screen.

 

Lay accumulators spreadsheet       10

Use this spreadsheet package to show the lay stakes for laying the odds of accumulators.
Bet and lay an accumulator, in a similar way to betting and laying an odds movement,
or trade a bookie refund offer or a free bet that involves an accumulator bet.
Links to YouTube videos are included within the Excel file.

After payment via PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the Excel spreadsheet file.
Note.  If the file appears to be locked when you open it, just re-name the file and it should then work ok for you.

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Lay or bet a Trixie in an exchange.
The Excel file described below contains a spreadsheet that shows the staking for laying a Trixie, and a 2nd spreadsheet for betting a Trixie in an exchange.
A Trixie is a multiple bet of 3 doubles and a treble.
The strategy is to select runners or teams that have time between each event.
We can then place each stake one at a time, in turn, as each event takes place.

The first stake carries 3 of the 4 stakes, so if you have a "Banker" selection it may be best to make that the first runner in your Trixie.
If that first runner hits a loser, 3 of the 4 bets will fail . . . 2 of the doubles, plus the treble.
Also, there are some "Break even" odds involved with betting or laying a Trixie in an exchnage.
If betting, bet at odds of 2.10 and hit one loser for a small profit after 5% commission.
If laying, lay
at odds of 1.90 and hit one loser for a small profit after 5% commission.
That is demonstrated in the video below.

The video below demonstrates the staking required to lay or bet a Trixie using an exchnage.
The video shows both a laying and a betting spreadsheet.
Both are in the same Excel file.
The spreadsheet can be used for any sport or combination of sports of course.
As bets or lays are placed one at a time, your Trixie can be spread over any timescale, the same day, several days, weeks, etc.

For a BIGGER VIEW of this video, click the small icon bottom right with 4 square corners.

 

Bet or Lay a Trixie spreadsheet       10

Use this spreadsheet package to show the stakes for betting or laying a Trixie in an exchange.
The file contains a Bet a Trixie spreadsheet and a separate Lay a Trixie spreadsheet.
Commission is built into the calculations.
A link to the YouTube video above is included within the Excel file.

After payment via PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the Excel spreadsheet file.
Note.  If the file appears to be locked when you open it, just re-name the file and it should then work ok for you.

 

10

 

Contact me
Copyright H. Hutchinson 2005 All rights reserved
Copying text or any other kind of content from a web site is a criminal offence.

 

My spreadsheet websites.

betformulas.co.uk
Formulas and maths of trading

betandlay.co.uk
Football trading

A list of all my spreadsheets lives here :-
betandlay.co.uk/strategies
Strategies for horse racing and football trading

Laying web site
Different ways of laying using a bit of imaginative staking.
Also, videos showing live trades.