A Canadian bet consists of 26 bets spread across 5 selections. You will need to place the following on 5 selections:
- 10 doubles
- 10 trebles
- 5 four-fold accumulators
- 1 five-fold accumulator
What Is A Canadian Bet?
This type of bet is what is known as a Full Cover Bet. This means that it includes all of the possible bets for five selections – excluding singles.
So, you might be wondering about the conditions under which you can generate a return. Well, for starters, not all of your selections need to win. Instead, only two winning selections are enough for you to see a return. Granted, your profit margin will increase significantly with each winning selection.
Keep in mind that you will be placing 26 different bets, so you will have to think about your wager. For example, a £10 Canadian bet will end up costing you £260. This is because you will be placing 10 doubles (£100), 10 trebles (£100), five four-folds (£50) and a five-fold (£10).
Example Of A Canadian Bet
Let’s say you’re placing a Canadian Bet on the following football selections in these five matches:
- Match 1: Arsenal to beat Newcastle
- Match 2: Chelsea to beat Tottenham
- Match 3: Manchester City to beat Burnley
- Match 4: Liverpool to beat West Ham
- Match 5: Leicester to beat Aston Villa
Going back to what the Canadian Bet consists of, you’ll place a total of 26 different bets. You’ll place:
- 10 doubles (one for each combination of two selections to go your way. For example, a double on Matches 1 & 2, a double on Matches 1 & 3 etc.)
- 10 trebles (one for each combination of three selections to go your way. For example, a treble on Matches 1, 2 & 3, a treble on Matches 1, 2 & 4 etc.)
- 5 four-fold accumulators (one for each combination of four selections to go your way. For example, a four-fold on Matches 1, 2, 3 & 4, a four-fold on 1, 2, 3 & 5 etc.)
- 1 five-fold accumulator (Matches 1, 2, 3, 4 & 5 to all win)
If Tottenham beat Chelsea in Match 2 but the other 4 selections come in, you’ll still win a decent amount. You’ll still win multiple doubles, trebles, and a four-fold accumulator.
How To Calculate Canadian Bet Winnings
You can work out your winnings with our Canadian Bet Calculator.
Canadian Bet Calculator
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Summary (Updated Automatically)
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It can be difficult to work out a Canadian bet with 26 different wagers. But there are solutions.
One thing that can help is a Canadian bet calculator. As you might guess from its name, a Canadian bet calculator is a tool that will help you work out the returns on your wager. All you need to do is enter your stake and the odds for each of the bets and you will get instant results.
In addition to simply calculating your returns, a Canadian bet calculator will allow you to change results on the fly. You can add variables like making it an each-way bet. You will also be able to quickly change between different types of odds for your convenience.
What Are The Advantages Of Placing a Canadian Bet?
So, we have given a brief Canadian betting explanation which hopefully gave you an idea about how to Canadian bet. So, why is it exactly that this bet type is popular?
For starters, a Canadian bet opens up a good potential for profits. Since you are essentially placing 26 different bets, the odds are high. Furthermore, unlike with simpler types of multiple bets, only two selections are enough for a win condition. This means that you can still get a return on your stake, even if most of your selections lose.
However, you will need some preemptive planning and strategizing if you want to make a successful bet.
What Are The Risks of Making a Canadian Bet?
On the other hand, there are some obvious disadvantages. Our Canadian betting explanation has stated that this betting type is very complex. The number of bets and calculations is enough to put people off.
Furthermore, since you are placing 26 different bets, this means that you will have to make 26 wagers. This inherently makes this betting type more expensive.
How To Place A Canadian Bet
For this example, we’ll be using Sky Bet, who are a great bookmaker to use for placing a Canadian bet.
- Firstly, and most obviously, log in to your account.
- As a horse racing specialist, there are plenty of options for the races on their homepage. But you can also venture to the Horse Racing section to find the picks you want.
- Pick the five that you’d like to bet on and check your betslip.
- Click on ‘Show more multiples’ and then apply a stake to the box labelled ‘Canadian’.
- You can then place your bet.
Canadian Bet FAQ
If you have read our Canadian betting explanation, but you still have some questions, you can take a look at our FAQs. Hopefully, it will clear up anything related to how to Canadian bet.
A Canadian bet is primarily used in horse racing. However, you can also apply it to a variety of different sports and markets.
You will find a Canadian bet offered by many different sportsbooks. However, not every one of them will offer it for each market and it’s often listed as a ‘Super Yankee’.