What is a Canadian Bet? A Simple Explanation to How it Works
If you are looking for a Canadian betting explanation, we are here to help. You should have in mind that this is one of the more complex bet types, however, don’t worry. By the time you finish reading this guide, you’ll know what is a Canadian bet, and how to use the Canadian bet calculator can help you.
- Canadian Betting Explanation: What is a Canadian Bet?
- Example of a Canadian Bet
- What are the Advantages of Placing a Canadian Bet?
- What Are Some of the Major Risks of Making a Canadian Bet?
- What Is a Canadian Bet Calculator and How Do I Use It?
- The Answers to Frequently Asked Questions Regarding Canadian Betting?
Canadian Betting Explanation: What is a Canadian Bet?
As we have said, a Canadian bet, also known as a Super Yankee is rather complex. A single Canadian bet actually 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.
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.
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).
To know on which odds you could place a Canadian Bet, come check out our selection of the best betting sites.
Example of a Canadian Bet
Let’s say you’re placing a Canadian Bet on the following 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
Work out your winnings with our Canadian Bet Calculator.
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 the massive 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 Some of the Major 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.
What Is a Canadian Bet Calculator and How Do I Use It?
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.
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.
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.