What is a Canadian Bet? A Simple Explanation to How They Work
If you are looking for Canadian betting explanation, we are here to help. You should have in mind that this is one of the more complex betting types, however, don’t worry. By the time you finish reading, you will know how to Canadian bet and how using Canadian bet calculator can help you.
Canadian Betting Explanation: What is a Canadian Bet?
As we have said, a Canadian bet, also known as a Super Yankee is very complex. However, it is at the same time, one of the most exciting ones. So, let’s get right into our Canadian betting explanation.
A single Canadian bet actually consists of 26 bets on 5 selections. So here is how to Canadian bet. Namely, you will need to place 10 doubles, 10 trebles, 5 four-fold accumulators and one five-fold. 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.
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 make a profit. Granted, your profit margin will increase significantly with each winning selection.
You should have 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).
Calculating your profit manually can be tricky. Namely, you will need to add the returns of each of the bets and multiply it with your wager.
To know on which odds you could place a Canadian Bet, come check out our selection of betting sites !
How to Calculate Winnings
Work out your winnings with our Canadian Bet Calculator.
What Are Some of the Major 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 betting type is popular?
For starters, a Canadian bet opens up the massive potential for profits. Since you are essentially placing 26 different bets, on the occasion most of your selections win, you can earn a small fortune. Furthermore, unlike with simpler types of multiple bets, only two selections are enough for a win condition. This means that you can still turn a profit, 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 Some of the Major Risks of Making a Canadian Bet?
On the other hand, there are some obvious disadvantages. First of all, as you could see in our Canadian betting explanation, this betting type is very complex. The very number of bets and calculations is enough to turn many people away. So, the bet definitely requires a higher skill level and we wouldn’t recommend it to betting novices.
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.
What Is a Canadian Bet Calculator and How Do I Use It?
Having in mind the complexity of the bet, it is extremely tedious to calculate how a losing selection can affect your returns. However, there are solutions.
One thing that can greatly help you plan out your bet is a Canadian bet calculator. As you might guess from its name, a Canadian bet calculator can help you calculate the returns on your wager. All you need to do is enter your stake and the odds for each of the bets, and you get instant results. With complex betting systems like this one, a betting calculator is a tool you can rarely do without.
In addition to simply calculating your returns, a Canadian bet calculator will allow you to change results on the fly, or add variables, like the each-way bet. You will also be able to quickly change between different types of odds for your convenience.
Overall, a Canadian bet calculator will save you a massive amount of time. If our Canadian betting explanation encouraged you to try it out, you can use our betting calculator below.
The Answers to Frequently Asked Questions Regarding Canadian Betting?
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.
What is a Canadian Bet?
Here is a short Canadian betting explanation. A Canadian bet, also known as a Super Yankee, is a multiple bet which consists of 26 bets on 5 selections. The 26 bets are made up from 10 doubles, 10 trebles, 5 four-folds, and one five-fold accumulator. You can find out more about how to Canadian bet in our article.
On which sports can I place a 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.
What bookmakers offer this type of bet?
You will find a Canadian bet offered by many different sportsbooks. However, not every one of them will offer it for each market.