It can be difficult knowing which bets to place sometimes, because you’re presented with lots of different options, with many having fancy names. But knowing which of these options to use in different situations will greatly improve your chances of being a winner.
What is a Canadian bet?
A Canadian is an interesting betting option that is available to you for bets which have 5 different selections. It is also sometimes known as a Super Yankee. In total there are 26 different bets in a Canadian, with 10 doubles, 10 trebles, five fourfolds, and one fivefold accumulator.
It isn’t what is known as a full coverage bet, because it doesn’t cover singles. Therefore if only one selection wins, you will not see a return.
As there are 26 different bets in a Canadian, it means that your stakes must be adjusted accordingly. The stake you input will be multiplied 26 times, so it is worth taking into consideration to stop any costly mistakes!
Canadian bet example
So when you decide to place your Canadian bet, you will choose 5 different teams. Let’s imagine you pick 5 different Football teams. For the purpose of this example, each of these teams has odds of 2.0 (evens):
Team 1, Team 2, Team 3, Team 4, Team 5
A Canadian bet on these selections will leave you with the following mixture of bets:
|Doubles||Horse 1, Horse 2, Horse 3 & Horse 4|
|Trebles||Team 1 & 2 & 3, Team 1 & 3 & 4, Team 1 & 4 & 5, Team 2 & 3 & 4, Team 2 & 4 & 5, Team 3 & 4 & 5, Team 1 & 3 & 5, Team 2 & 3 & 5, Team 1 & 2 & 5, Teams 1 & 2 & 4|
|Fourfolds||Teams 1 & 2 & 3 & 4, Teams 1 & 3 & 4 & 5, Teams 2 & 3 & 4 & 5, Teams 1 & 2 & 4 & 5, Teams 1 & 2 & 3 & 5|
|Fivefolds||Teams 1 & 2 & 3 & 4 & 5|
To keep things simple for this example, we will assume the stake is £1 per bet, giving a total outlay of £26. And remember, the odds of each selection for this demonstration are 2.0.
If only Team 1 were to win, you will lose all of your £26 as this isn’t a full coverage bet. But should Team 1 & 2 win, then your total return will be just £4, giving you a loss of £22.
Should Teams 1 & 2 & 3 win, then you will win 3 doubles, and one treble from the Canadian bets. This gives you a £4 return on each of the doubles and a £8 return on the Treble, leaving you with a total loss of £14.
However, if 4 teams were to win, then you will win, you will win a total of 6 doubles, 4 trebles and 1 fourfold. This returns £12 from the doubles, £32 from the trebles, and £16 from the fourfold. Giving you a total return of £60, and a profit of £34.
Should all 5 teams win, then you can expect to see your return increase massively, with a total return of £206, and a profit of £180.
As you may see, you only turn a profit on your Canadian bet once 4 of your selections win at odds of 2.0. Therefore it is important that you choose bets with larger odds if you are expecting to profit at the lower levels too.