A yeekee lotto was first held in New Hampshire in 1950 as one of the first sweepstakes to use random selection to award its prizes. This lottery-like game consisted of an odd-ball format where there was one winning number and five losing ones; similar to Keno or Bingo but without randomization of numbers drawn randomly for draw.

The Yeekee Lotto was held in New Hampshire and became increasingly popular until federal regulations barred its distribution by mail or across state lines. To combat this problem, the Sweepstakes Commission sought a solution and turned to Edward Powers of Boston FBI office who was widely known for having solved notorious 1950 $3 Million Brinks Heist; with his proven credibility calming any concerns of mob infiltrators infiltrating the lottery.

Powers’ idea was to use a random number generator rather than using machines to choose winners, while simultaneously avoiding any legal complexities associated with dispersing winnings to many individuals. Instead, winnings would be placed into trusts for distribution according to beneficiary requests; these trusts would then be protected from lawsuits and creditors while only paying small percentages in taxes to the lottery company itself.

Yankees can be an excellent way to invest in four selections with full confidence, providing full-coverage bets. A yankee involves 11 bets in total: six doubles and four treble bets plus an accumulator fourfold bet – but this bet does require all legs of its bet to win in order to show any returns as profit.

Utilize our fully-featured bet calculator to easily calculate a Yankee bet. It will show your unit stake across 11 bets as well as any potential returns if all bets win, and even allow you to set individual leg stakes individually before the calculator calculates your total stake and returns. To calculate each leg of your bet individually simply enter selections and desired bet amounts; once completed the calculator will calculate both total stake and potential returns.